Brokerages forecast that KKR & Co Inc (NYSE:KKR) will announce sales of $483.90 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for KKR & Co Inc’s earnings. The highest sales estimate is $513.80 million and the lowest is $454.00 million. KKR & Co Inc posted sales of $541.58 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 10.7%. The business is scheduled to announce its next quarterly earnings results on Friday, February 7th.
On average, 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 year, analysts forecast that the company will post sales of $2.03 billion, with estimates ranging from $1.87 billion to $2.19 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover KKR & Co Inc.
KKR & Co Inc (NYSE:KKR) last released its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The business had revenue of $445.90 million for the quarter, compared to analysts’ expectations of $456.46 million. KKR & Co Inc’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share.
Several equities research analysts have commented on KKR shares. ValuEngine downgraded shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Wells Fargo & Co upped their price objective on shares of KKR & Co Inc from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Barclays set a $28.00 price objective on shares of KKR & Co Inc and gave the company a “hold” rating in a report on Friday, October 11th. BMO Capital Markets started coverage on KKR & Co Inc in a research report on Monday, October 7th. They set an “outperform” rating and a $40.00 price target on the stock. Finally, Bank of America upgraded KKR & Co Inc from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. KKR & Co Inc currently has a consensus rating of “Hold” and a consensus price target of $31.67.
NYSE KKR traded up $0.46 during trading on Friday, hitting $28.72. 1,991,947 shares of the company’s stock traded hands, compared to its average volume of 3,255,647. The stock has a market capitalization of $16.23 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 3.74 and a beta of 1.67. KKR & Co Inc has a 12-month low of $18.30 and a 12-month high of $29.99. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50 day moving average of $28.81 and a 200-day moving average of $26.40.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 11th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Thursday, November 7th. KKR & Co Inc’s dividend payout ratio (DPR) is 25.91%.
In related news, major shareholder Fund Holdings L.P. Kkr acquired 155,000 shares of the firm’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 39.34% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of KKR. Iridian Asset Management LLC CT increased its position in shares of KKR & Co Inc by 64.2% in the second quarter. Iridian Asset Management LLC CT now owns 6,269,739 shares of the asset manager’s stock worth $158,436,000 after purchasing an additional 2,452,320 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of KKR & Co Inc by 50.4% in the second quarter. Diamond Hill Capital Management Inc. now owns 7,247,421 shares of the asset manager’s stock worth $183,142,000 after purchasing an additional 2,429,551 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in KKR & Co Inc by 15.2% in the second 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 in the last quarter. Vanguard Group Inc. boosted its stake in KKR & Co Inc by 4.3% in the second 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 in the last quarter. Finally, Cambiar Investors LLC purchased a new stake in KKR & Co Inc in the second quarter worth approximately $43,353,000. Institutional investors own 77.93% of the company’s stock.
About KKR & Co Inc
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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