Equities research analysts expect that KKR & Co Inc (NYSE:KKR) will post sales of $465.28 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for KKR & Co Inc’s earnings, with the highest sales estimate coming in at $513.30 million and the lowest estimate coming in at $421.55 million. KKR & Co Inc posted sales of $405.63 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 14th.
On average, analysts expect that KKR & Co Inc will report full-year sales of $1.75 billion for the current financial year, with estimates ranging from $1.69 billion to $1.80 billion. For the next financial year, analysts forecast that the business will post sales of $1.65 billion, with estimates ranging from $1.42 billion to $1.92 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow KKR & Co Inc.
KKR & Co Inc (NYSE:KKR) last posted its earnings results on Thursday, October 25th. The asset manager reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.05. The company had revenue of $491.50 million during the quarter, compared to analyst estimates of $401.39 million. KKR & Co Inc had a net margin of 48.08% and a return on equity of 7.25%.
A number of research firms have recently weighed in on KKR. Argus upgraded shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $31.33 target price for the company in a report on Friday, October 26th. They noted that the move was a valuation call. Oppenheimer set a $35.00 price objective on shares of KKR & Co Inc and gave the stock a “buy” rating in a report on Thursday, October 25th. Zacks Investment Research upgraded shares of KKR & Co Inc from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, October 17th. Wells Fargo & Co restated a “buy” rating on shares of KKR & Co Inc in a report on Monday, October 15th. Finally, Deutsche Bank lowered their price objective on shares of KKR & Co Inc from $29.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, October 11th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $30.33.
In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr bought 13,402 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was acquired at an average price of $13.48 per share, with a total value of $180,658.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 130,656 shares of company stock valued at $1,914,185 in the last ninety days.
Several hedge funds and other institutional investors have recently made changes to their positions in KKR. Vulcan Value Partners LLC bought a new position in shares of KKR & Co Inc during the second quarter valued at approximately $388,743,000. Akre Capital Management LLC increased its stake in shares of KKR & Co Inc by 108.3% during the second quarter. Akre Capital Management LLC now owns 10,000,000 shares of the asset manager’s stock valued at $248,500,000 after purchasing an additional 5,200,000 shares in the last quarter. Iridian Asset Management LLC CT bought a new position in shares of KKR & Co Inc during the second quarter valued at approximately $65,053,000. Bank of Montreal Can bought a new position in shares of KKR & Co Inc during the third quarter valued at approximately $65,683,000. Finally, TD Asset Management Inc. bought a new position in shares of KKR & Co Inc during the third quarter valued at approximately $52,013,000. 62.79% of the stock is owned by institutional investors and hedge funds.
KKR & Co Inc stock opened at $23.89 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.87. The stock has a market cap of $12.54 billion, a PE ratio of 10.04, a PEG ratio of 1.07 and a beta of 1.63. KKR & Co Inc has a 1-year low of $18.74 and a 1-year high of $28.73.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, November 2nd. KKR & Co Inc’s dividend payout ratio is 28.57%.
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, and middle market investments.
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