Equities research analysts predict that KKR & Co Inc Class A (NYSE:KKR) will post $389.26 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for KKR & Co Inc Class A’s earnings, with estimates ranging from $354.58 million to $408.20 million. KKR & Co Inc Class A reported sales of $355.72 million during the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The company is expected to announce its next earnings report on Thursday, October 25th.
According to Zacks, analysts expect that KKR & Co Inc Class A will report full year sales of $1.56 billion for the current year, with estimates ranging from $1.50 billion to $1.62 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.62 billion per share, with estimates ranging from $1.51 billion to $1.75 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for KKR & Co Inc Class A.
KKR & Co Inc Class A (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. KKR & Co Inc Class A had a net margin of 39.10% and a return on equity of 7.34%. The company had revenue of $398.00 million during the quarter, compared to analyst estimates of $391.74 million. During the same period in the prior year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis.
In other KKR & Co Inc Class A news, major shareholder Fund Holdings L.P. Kkr bought 13,402 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were bought at an average price of $13.48 per share, for a total transaction of $180,658.96. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Kkr Credit Advisors (Us) Llc sold 2,437,424 shares of the company’s stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $73.96, for a total value of $180,271,879.04. The disclosure for this sale can be found here. In the last quarter, insiders bought 94,644 shares of company stock worth $1,339,302 and sold 17,662,644 shares worth $713,884,917.
Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in KKR & Co Inc Class A by 36.5% in the fourth quarter. BlackRock Inc. now owns 576,003 shares of the asset manager’s stock worth $12,131,000 after buying an additional 153,967 shares during the last quarter. Alps Advisors Inc. increased its holdings in KKR & Co Inc Class A by 17.1% in the first quarter. Alps Advisors Inc. now owns 392,200 shares of the asset manager’s stock worth $7,963,000 after buying an additional 57,400 shares during the last quarter. Forward Management LLC acquired a new position in KKR & Co Inc Class A in the first quarter worth approximately $548,000. Stephens Inc. AR increased its holdings in KKR & Co Inc Class A by 14.2% in the first quarter. Stephens Inc. AR now owns 334,477 shares of the asset manager’s stock worth $6,790,000 after buying an additional 41,644 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP increased its holdings in KKR & Co Inc Class A by 4.0% in the first quarter. Kayne Anderson Capital Advisors LP now owns 91,788 shares of the asset manager’s stock worth $1,862,000 after buying an additional 3,488 shares during the last quarter. Institutional investors own 62.54% of the company’s stock.
KKR stock traded down $0.23 during mid-day trading on Wednesday, reaching $26.46. 2,836,600 shares of the stock traded hands, compared to its average volume of 3,995,924. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.87. KKR & Co Inc Class A has a 52-week low of $18.08 and a 52-week high of $27.95. The firm has a market capitalization of $14.01 billion, a PE ratio of 11.24, a P/E/G ratio of 1.38 and a beta of 1.67.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 21st. Stockholders of record on Monday, August 6th were issued a $0.17 dividend. The ex-dividend date was Friday, August 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.57%. KKR & Co Inc Class A’s dividend payout ratio is 28.57%.
About KKR & Co Inc Class A
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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