Analysts expect KKR & Co. L.P. (NYSE:KKR) to post $355.41 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for KKR & Co. L.P.’s earnings. The highest sales estimate is $381.00 million and the lowest is $322.42 million. KKR & Co. L.P. posted sales of $715.95 million during the same quarter last year, which suggests a negative year over year growth rate of 50.4%. The company is scheduled to report its next earnings results on Thursday, April 26th.
On average, analysts expect that KKR & Co. L.P. will report full year sales of $355.41 million for the current financial year, with estimates ranging from $1.34 billion to $1.55 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.57 billion per share, with estimates ranging from $1.51 billion to $1.67 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow KKR & Co. L.P..
KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.04). The business had revenue of $941.64 million during the quarter, compared to analysts’ expectations of $367.36 million. KKR & Co. L.P. had a return on equity of 9.34% and a net margin of 30.52%. The company’s revenue was up 95.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share.
Several brokerages recently weighed in on KKR. ValuEngine lowered KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 27th. Deutsche Bank lowered their price objective on KKR & Co. L.P. from $23.00 to $21.00 and set a “hold” rating for the company in a research report on Friday. Bank of America increased their price objective on KKR & Co. L.P. from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, March 13th. Sandler O’Neill set a $22.00 price objective on KKR & Co. L.P. and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, TheStreet upgraded KKR & Co. L.P. from a “c+” rating to a “b-” rating in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $24.45.
In related news, major shareholder Holdings L.P. Valueact bought 1,450,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average cost of $21.55 per share, for a total transaction of $31,247,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Fund Holdings L.P. Kkr sold 9,632,145 shares of KKR & Co. L.P. stock in a transaction on Monday, March 19th. The shares were sold at an average price of $31.68, for a total value of $305,146,353.60. The disclosure for this sale can be found here.
A number of large investors have recently added to or reduced their stakes in KKR. ValueAct Holdings L.P. boosted its holdings in KKR & Co. L.P. by 811.1% in the third 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 during the period. Amundi Pioneer Asset Management Inc. raised its stake in KKR & Co. L.P. by 592.5% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,258,118 shares of the asset manager’s stock valued at $47,556,000 after buying an additional 1,932,051 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in KKR & Co. L.P. by 287.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,361,210 shares of the asset manager’s stock valued at $28,667,000 after buying an additional 1,010,110 shares in the last quarter. Meitav Dash Investments Ltd. acquired a new stake in KKR & Co. L.P. in the fourth quarter valued at $20,100,000. Finally, Alkeon Capital Management LLC raised its stake in KKR & Co. L.P. by 35.3% in the fourth quarter. Alkeon Capital Management LLC now owns 3,239,106 shares of the asset manager’s stock valued at $68,215,000 after buying an additional 844,754 shares in the last quarter. Hedge funds and other institutional investors own 68.24% of the company’s stock.
KKR & Co. L.P. stock traded down $0.32 during mid-day trading on Thursday, hitting $20.01. The company’s stock had a trading volume of 2,152,353 shares, compared to its average volume of 3,097,290. The firm has a market capitalization of $9,740.87, a price-to-earnings ratio of 8.41, a PEG ratio of 0.60 and a beta of 1.58. KKR & Co. L.P. has a 1 year low of $16.77 and a 1 year high of $24.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.08 and a current ratio of 1.08.
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KKR & Co. L.P. 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, and middle market investments.
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