Zacks: Analysts Anticipate KKR & Co Inc (NYSE:KKR) to Post $0.47 Earnings Per Share

Wall Street analysts predict that KKR & Co Inc (NYSE:KKR) will report earnings of $0.47 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for KKR & Co Inc’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.50. KKR & Co Inc posted earnings per share of $0.55 in the same quarter last year, which would indicate a negative year over year growth rate of 14.5%. The firm is scheduled to issue its next quarterly 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 year, with EPS estimates ranging from $1.67 to $1.73. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.06 per share, with EPS estimates ranging from $1.95 to $2.24. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover KKR & Co Inc.

KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.46 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 the consensus estimate of $456.46 million. The business’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS.

KKR has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on shares of KKR & Co Inc in a research note on Monday, October 7th. They issued an “outperform” rating and a $40.00 target price for the company. ValuEngine lowered shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Bank of America upgraded shares of KKR & Co Inc from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Monday, September 23rd. Barclays set a $28.00 target price on shares of KKR & Co Inc and gave the stock a “hold” rating in a research note on Friday, October 11th. Finally, Zacks Investment Research lowered shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. KKR & Co Inc presently has an average rating of “Hold” and an average price target of $31.67.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr acquired 155,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were acquired at an average cost of $16.00 per share, with a total value of $2,480,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 39.34% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WINTON GROUP Ltd purchased a new stake in shares of KKR & Co Inc in the second quarter worth about $239,000. First Hawaiian Bank purchased a new stake in shares of KKR & Co Inc in the second quarter worth about $389,000. Arbor Wealth Management LLC purchased a new stake in shares of KKR & Co Inc in the second quarter worth about $5,473,000. NEXT Financial Group Inc lifted its holdings in shares of KKR & Co Inc by 390.0% in the second quarter. NEXT Financial Group Inc now owns 2,450 shares of the asset manager’s stock worth $62,000 after buying an additional 1,950 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of KKR & Co Inc by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 191,296 shares of the asset manager’s stock worth $4,834,000 after buying an additional 7,463 shares in the last quarter. 77.93% of the stock is currently owned by institutional investors and hedge funds.

KKR stock traded up $0.46 during midday trading 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 company has a market cap of $16.23 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 3.74 and a beta of 1.67. The firm’s fifty day moving average price is $28.81 and its 200-day moving average price is $26.40. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.90. KKR & Co Inc has a 52 week low of $18.30 and a 52 week high of $29.99.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 11th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.74%. The ex-dividend date was Thursday, November 7th. KKR & Co Inc’s dividend payout ratio (DPR) is presently 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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