KKR & Co Inc (NYSE:KKR) Expected to Post Earnings of $0.47 Per Share

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Equities research analysts expect KKR & Co Inc (NYSE:KKR) to post earnings of $0.47 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for KKR & Co Inc’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.44. KKR & Co Inc reported earnings of $0.55 per share in the same quarter last year, which indicates a negative year over year growth rate of 14.5%. The firm is expected to announce its next earnings report on Friday, February 7th.

On average, analysts expect that KKR & Co Inc will report full-year earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.67 to $1.73. For the next year, analysts forecast that the business will post earnings of $2.06 per share, with EPS estimates ranging from $1.95 to $2.24. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow KKR & Co Inc.

KKR & Co Inc (NYSE:KKR) last posted its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ 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. During the same quarter in the previous year, the firm earned $0.60 EPS. KKR & Co Inc’s revenue was down 11.5% compared to the same quarter last year.

KKR has been the subject of a number of recent analyst reports. Wells Fargo & Co boosted their price objective on 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 KKR & Co Inc and gave the company a “hold” rating in a report on Friday, October 11th. Bank of America upgraded KKR & Co Inc from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Monday, September 23rd. Goldman Sachs Group boosted their price objective on KKR & Co Inc from $34.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, Zacks Investment Research cut KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. KKR & Co Inc has a consensus rating of “Hold” and an average target price of $31.67.

In other news, major shareholder Fund Holdings L.P. Kkr bought 155,000 shares of the stock in a transaction on Monday, November 4th. The stock was acquired 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 SEC, which is available at the SEC website. 39.34% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors lifted its stake in shares of KKR & Co Inc by 53.3% during the 2nd quarter. Captrust Financial Advisors now owns 1,401 shares of the asset manager’s stock worth $35,000 after purchasing an additional 487 shares during the last quarter. Diversified Trust Co increased its position in KKR & Co Inc by 3.0% during the 3rd quarter. Diversified Trust Co now owns 17,306 shares of the asset manager’s stock valued at $465,000 after buying an additional 500 shares in the last quarter. Stelac Advisory Services LLC increased its position in KKR & Co Inc by 4.5% during the 3rd quarter. Stelac Advisory Services LLC now owns 13,688 shares of the asset manager’s stock valued at $368,000 after buying an additional 588 shares in the last quarter. First Mercantile Trust Co. increased its position in KKR & Co Inc by 1.1% during the 3rd quarter. First Mercantile Trust Co. now owns 67,122 shares of the asset manager’s stock valued at $1,803,000 after buying an additional 749 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in KKR & Co Inc by 3.8% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 20,490 shares of the asset manager’s stock valued at $517,000 after buying an additional 759 shares in the last quarter. Hedge funds and other institutional investors own 77.93% of the company’s stock.

KKR traded up $0.46 during trading hours on Wednesday, reaching $28.72. 1,991,947 shares of the company’s stock traded hands, compared to its average volume of 3,255,647. The firm has a 50-day moving average price of $28.81 and a 200 day moving average price of $26.40. KKR & Co Inc has a 52-week low of $18.30 and a 52-week high of $29.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $16.23 billion, a PE ratio of 14.88, a PEG ratio of 3.74 and a beta of 1.67.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 11th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, November 7th. KKR & Co Inc’s dividend payout ratio is 25.91%.

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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Earnings History and Estimates for KKR & Co Inc (NYSE:KKR)

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