Wall Street brokerages expect KKR & Co Inc (NYSE:KKR) to post sales of $483.90 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for KKR & Co Inc’s earnings, with the lowest sales estimate coming in at $454.00 million and the highest estimate coming in at $513.80 million. KKR & Co Inc reported sales of $541.58 million in the same quarter last year, which indicates a negative year-over-year growth rate of 10.7%. The business is scheduled to announce its next quarterly earnings report on Friday, February 7th.
According to Zacks, analysts expect that KKR & Co Inc will report full year sales of $1.82 billion for the current year, with estimates ranging from $1.75 billion to $1.88 billion. For the next financial year, analysts anticipate that the company will report sales of $2.03 billion, with estimates ranging from $1.87 billion to $2.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow KKR & Co Inc.
KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The firm had revenue of $445.90 million for the quarter, compared to analyst estimates of $456.46 million. The company’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share.
KKR has been the topic of a number of research analyst reports. Goldman Sachs Group raised their price target on shares of KKR & Co Inc from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wells Fargo & Co raised their price target on shares of KKR & Co Inc from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. BMO Capital Markets initiated coverage on shares of KKR & Co Inc in a research note on Monday, October 7th. They issued an “outperform” rating and a $40.00 price target on the stock. ValuEngine downgraded shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Zacks Investment Research downgraded shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $31.67.
In related news, major shareholder Fund Holdings L.P. Kkr purchased 155,000 shares of KKR & Co Inc stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of $16.00 per share, for a total transaction of $2,480,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 39.34% of the company’s stock.
A number of large investors have recently bought and sold shares of KKR. Iridian Asset Management LLC CT boosted its position in KKR & Co Inc by 64.2% during the 2nd quarter. Iridian Asset Management LLC CT now owns 6,269,739 shares of the asset manager’s stock worth $158,436,000 after buying an additional 2,452,320 shares during the period. Diamond Hill Capital Management Inc. boosted its position in KKR & Co Inc by 50.4% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,247,421 shares of the asset manager’s stock worth $183,142,000 after buying an additional 2,429,551 shares during the period. Price T Rowe Associates Inc. MD boosted its position in KKR & Co Inc by 15.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,710,941 shares of the asset manager’s stock worth $422,285,000 after buying an additional 2,207,161 shares during the period. Vanguard Group Inc. boosted its position in KKR & Co Inc by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 45,670,770 shares of the asset manager’s stock worth $1,154,100,000 after buying an additional 1,895,309 shares during the period. Finally, Cambiar Investors LLC acquired a new stake in KKR & Co Inc during the 2nd quarter worth approximately $43,353,000. Institutional investors and hedge funds own 77.93% of the company’s stock.
KKR & Co Inc stock traded up $0.46 during trading hours on Friday, reaching $28.72. 1,991,947 shares of the stock were exchanged, compared to its average volume of 3,255,647. The stock has a 50 day moving average of $28.81 and a two-hundred day moving average of $26.40. KKR & Co Inc has a twelve month low of $18.30 and a twelve month high of $29.99. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.90. The company has a market cap of $16.23 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 3.74 and a beta of 1.67.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 11th were paid a $0.125 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.74%. KKR & Co Inc’s payout ratio is currently 25.91%.
KKR & Co Inc Company Profile
KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.
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