Zacks: Brokerages Expect KKR & Co. L.P. (KKR) to Post $0.54 Earnings Per Share

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.

ILLEGAL ACTIVITY WARNING: “Zacks: Brokerages Expect KKR & Co. L.P. (KKR) to Post $0.54 Earnings Per Share” was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2017/12/05/zacks-brokerages-expect-kkr-co-l-p-kkr-to-post-0-54-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on KKR & Co. L.P. (KKR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for KKR & Co. L.P. (NYSE:KKR)

Receive News & Ratings for KKR & Co. L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply