Brokerages expect KKR & Co. L.P. (NYSE:KKR) to announce earnings per share (EPS) of $0.54 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for KKR & Co. L.P.’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.65. KKR & Co. L.P. posted earnings per share of $0.40 in the same quarter last year, which would suggest a positive year-over-year growth rate of 35%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 8th.
According to Zacks, analysts expect that KKR & Co. L.P. will report full-year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.32 to $2.55. For the next year, analysts forecast that the firm will post earnings of $2.42 per share, with EPS estimates ranging from $2.07 to $2.58. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow KKR & Co. L.P..
KKR & Co. L.P. (NYSE:KKR) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.06). KKR & Co. L.P. had a return on equity of 9.39% and a net margin of 35.65%. The firm had revenue of $356.00 million for the quarter, compared to analyst estimates of $314.80 million. During the same period in the previous year, the company posted $0.71 EPS. KKR & Co. L.P.’s revenue was up 29.0% on a year-over-year basis.
KKR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $27.00 price objective on shares of KKR & Co. L.P. in a report on Thursday, October 12th. TheStreet cut KKR & Co. L.P. from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. Morgan Stanley increased their price objective on KKR & Co. L.P. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut KKR & Co. L.P. from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, ValuEngine raised KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.80.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ValueAct Holdings L.P. increased its stake in KKR & Co. L.P. by 811.1% in the 3rd quarter. ValueAct Holdings L.P. now owns 45,555,916 shares of the asset manager’s stock valued at $926,152,000 after purchasing an additional 40,555,916 shares in the last quarter. FMR LLC increased its stake in KKR & Co. L.P. by 2.0% in the 2nd quarter. FMR LLC now owns 41,515,622 shares of the asset manager’s stock valued at $772,191,000 after purchasing an additional 815,826 shares in the last quarter. Principal Financial Group Inc. increased its position in KKR & Co. L.P. by 5.6% during the third quarter. Principal Financial Group Inc. now owns 13,643,847 shares of the asset manager’s stock worth $277,379,000 after buying an additional 718,278 shares in the last quarter. JPMorgan Chase & Co. increased its position in KKR & Co. L.P. by 59.0% during the third quarter. JPMorgan Chase & Co. now owns 8,153,111 shares of the asset manager’s stock worth $162,980,000 after buying an additional 3,024,201 shares in the last quarter. Finally, GMT Capital Corp increased its position in KKR & Co. L.P. by 432.0% during the second quarter. GMT Capital Corp now owns 4,893,300 shares of the asset manager’s stock worth $90,771,000 after buying an additional 3,973,500 shares in the last quarter. 62.88% of the stock is owned by hedge funds and other institutional investors.
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Shares of KKR & Co. L.P. (KKR) traded up $0.01 during midday trading on Thursday, reaching $19.56. The company’s stock had a trading volume of 1,258,276 shares, compared to its average volume of 2,546,766. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08. KKR & Co. L.P. has a 12 month low of $15.14 and a 12 month high of $20.76. The stock has a market cap of $9,341.32, a P/E ratio of 8.50, a price-to-earnings-growth ratio of 0.62 and a beta of 1.54.
The company also recently disclosed a dividend, which will be paid on Tuesday, November 21st. Investors of record on Monday, November 6th will be paid a $0.17 dividend. The ex-dividend date is Friday, November 3rd. KKR & Co. L.P.’s payout ratio is currently 34.34%.
About KKR & Co. L.P.
KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties.
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