KKR & Co. Inc. (NYSE:KKR) Expected to Announce Earnings of $0.62 Per Share


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Wall Street analysts expect KKR & Co. Inc. (NYSE:KKR) to announce $0.62 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for KKR & Co. Inc.’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.68. KKR & Co. Inc. posted earnings per share of $0.42 during the same quarter last year, which indicates a positive year over year growth rate of 47.6%. The firm is expected to issue its next earnings results before the market opens on Tuesday, May 4th.

On average, analysts expect that KKR & Co. Inc. will report full year earnings of $2.63 per share for the current year, with EPS estimates ranging from $2.03 to $2.85. For the next financial year, analysts anticipate that the company will post earnings of $3.19 per share, with EPS estimates ranging from $2.42 to $3.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover KKR & Co. Inc..

KKR & Co. Inc. (NYSE:KKR) last issued its quarterly earnings data on Sunday, February 7th. The asset manager reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.08. The company had revenue of $669.41 million for the quarter, compared to analysts’ expectations of $556.71 million. During the same period in the previous year, the firm posted $0.44 earnings per share.

KKR has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of KKR & Co. Inc. from $47.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, April 20th. Wells Fargo & Company increased their target price on shares of KKR & Co. Inc. from $46.00 to $54.00 in a report on Wednesday, February 10th. Credit Suisse Group upped their price target on KKR & Co. Inc. from $53.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 20th. Zacks Investment Research downgraded KKR & Co. Inc. from a “buy” rating to a “sell” rating in a research note on Wednesday, April 14th. Finally, Morgan Stanley increased their target price on KKR & Co. Inc. from $43.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.38.

In other news, Director Robert W. Scully acquired 26,000 shares of the business’s stock in a transaction that occurred on Friday, February 12th. The shares were purchased at an average price of $48.13 per share, for a total transaction of $1,251,380.00. Following the acquisition, the director now owns 82,979 shares of the company’s stock, valued at $3,993,779.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel David Sorkin sold 30,000 shares of the business’s stock in a transaction on Thursday, February 25th. The shares were sold at an average price of $45.06, for a total value of $1,351,800.00. Following the completion of the sale, the general counsel now owns 30,000 shares in the company, valued at approximately $1,351,800. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Treasurer of the State of North Carolina increased its holdings in shares of KKR & Co. Inc. by 2.2% in the 4th quarter. Treasurer of the State of North Carolina now owns 199,900 shares of the asset manager’s stock valued at $8,094,000 after acquiring an additional 4,390 shares during the last quarter. KBC Group NV lifted its position in KKR & Co. Inc. by 57.6% during the 4th quarter. KBC Group NV now owns 295,707 shares of the asset manager’s stock worth $11,973,000 after acquiring an additional 108,127 shares during the period. Kestra Advisory Services LLC lifted its position in KKR & Co. Inc. by 248.8% during the 4th quarter. Kestra Advisory Services LLC now owns 97,003 shares of the asset manager’s stock worth $3,850,000 after acquiring an additional 69,193 shares during the period. Triangle Securities Wealth Management acquired a new stake in KKR & Co. Inc. during the 4th quarter worth approximately $2,113,000. Finally, Amundi Pioneer Asset Management Inc. lifted its position in KKR & Co. Inc. by 5.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 982,240 shares of the asset manager’s stock worth $39,771,000 after acquiring an additional 53,361 shares during the period. Institutional investors own 77.96% of the company’s stock.

KKR & Co. Inc. stock traded down $0.64 during mid-day trading on Tuesday, reaching $55.63. The stock had a trading volume of 3,106,512 shares, compared to its average volume of 2,707,601. KKR & Co. Inc. has a one year low of $23.43 and a one year high of $57.18. The company has a 50-day moving average price of $51.53 and a two-hundred day moving average price of $43.51. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $32.08 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.61 and a beta of 1.42.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Monday, May 17th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.04%. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.14. KKR & Co. Inc.’s payout ratio is presently 32.34%.

KKR & Co. Inc. Company Profile

KKR & Co Inc 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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