Wall Street brokers expect KKR & Co. Inc. (NYSE:KKR – Get a rating) to report earnings per share of $0.95 for the current quarter, according to Zacks Investment Research. Four analysts have made earnings estimates for KKR & Co. Inc., with the highest EPS estimate of $1.03 and the lowest estimate of $0.84. KKR & Co. Inc. reported earnings of $1.05 per share in the same quarter last year, which would indicate a negative 9.5% year-over-year growth rate. The company is expected to announce its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect KKR & Co. Inc. to report annual earnings of $4.23 per share for the current year, with EPS estimates ranging from $4.08 to 4.33 $. For next year, analysts expect the company to report earnings of $4.67 per share, with EPS estimates ranging from $4.10 to $4.99. Zacks earnings per share averages are an average average based on a survey of sales analysts who cover KKR & Co. Inc..
KKR & Co. Inc. (NYSE: KKR – Get a rating) last announced its results on Tuesday, May 3. The asset manager reported earnings per share (EPS) of $1.10 for the quarter, beating analyst consensus estimates of $0.89 by $0.21. KKR & Co. Inc. had a net margin of 23.19% and a return on equity of 7.82%. The company posted revenue of $943.02 million for the quarter, versus analyst estimates of $1.71 billion. In the same period a year earlier, the company had earned earnings per share of $0.75.
KKR has been the subject of a number of recent research reports. BMO Capital Markets lowered its price target on KKR & Co. Inc. shares from $90.00 to $80.00 in a Wednesday May 4 research note. Citigroup lowered its price target on KKR & Co. Inc. shares from $94.00 to $81.50 and set a “buy” rating for the company in a Tuesday, April 12 research note. Wells Fargo & Company lowered its price target on KKR & Co. Inc. shares from $83.00 to $73.00 and set an “overweight” rating for the company in a Tuesday 19 research note. april. Deutsche Bank Aktiengesellschaft lowered its price target on KKR & Co. Inc. shares from $81.00 to $79.00 in a Thursday, May 19 research note. Finally, Oppenheimer raised his price target on KKR & Co. Inc. shares from $76.00 to $81.00 in a Wednesday, April 13 research note. One analyst has rated the security with a sell rating, four have issued a hold rating and eight have issued a buy rating for the security. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $79.50.
KKR opened at $55.32 on Friday. The company has a debt ratio of 0.68, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market capitalization of $32.78 billion, a price-to-earnings ratio of 12.21, a growth price-to-earnings ratio of 3.27 and a beta of 1.47. The company has a 50-day simple moving average of $54.38 and a 200-day simple moving average of $62.86. KKR & Co. Inc. has a fifty-two week low of $47.51 and a fifty-two week high of $83.90.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 31. Investors of record on Monday, May 16 received a dividend of $0.155 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, May 13. This represents an annualized dividend of $0.62 and a yield of 1.12%. KKR & Co. Inc.’s dividend payout ratio is currently 13.69%.
Institutional investors and hedge funds have recently changed their positions in the stock. WASHINGTON TRUST Co increased its stake in KKR & Co. Inc. by 264.3% during the fourth quarter. WASHINGTON TRUST Co now owns 357 shares of the asset manager worth $27,000 after buying 259 additional shares in the last quarter. Pinebridge Investments LP acquired a new stake in KKR & Co. Inc. in the fourth quarter valued at $30,000. Allworth Financial LP acquired a new stake in KKR & Co. Inc. in the first quarter worth $28,000. Herold Advisors Inc. acquired a new stake in KKR & Co. Inc. in the first quarter valued at $29,000. Finally, CVA Family Office LLC acquired a new stake in KKR & Co. Inc. in the fourth quarter at a value of $41,000.
KKR & Co. Inc. Company Profile (Get a rating)
KKR & Co Inc is a private equity and real estate investment firm specializing in direct and fund-of-funds investments. She specializes in acquisitions, leveraged buyouts, management buyouts, special credit situations, growth stocks, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.
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