KKR & Co Inc (KKR) Expected to Post Quarterly Sales of $465.28 Million

Analysts predict that KKR & Co Inc (NYSE:KKR) will announce $465.28 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for KKR & Co Inc’s earnings. The highest sales estimate is $513.30 million and the lowest is $421.55 million. KKR & Co Inc posted sales of $405.63 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, February 14th.

According to Zacks, analysts expect that KKR & Co Inc will report full-year sales of $1.75 billion for the current fiscal year, with estimates ranging from $1.69 billion to $1.80 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.65 billion, with estimates ranging from $1.42 billion to $1.92 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow KKR & Co Inc.

KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings data on Thursday, October 25th. The asset manager reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.05. KKR & Co Inc had a return on equity of 6.95% and a net margin of 48.08%. The firm had revenue of $491.50 million for the quarter, compared to the consensus estimate of $401.39 million.

KKR has been the topic of a number of analyst reports. Oppenheimer lifted their price objective on KKR & Co Inc from $29.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, July 18th. Zacks Investment Research downgraded KKR & Co Inc from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 24th. Jefferies Financial Group reiterated a “buy” rating and set a $32.00 price objective on shares of KKR & Co Inc in a research report on Friday, July 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $35.00 price objective on shares of KKR & Co Inc in a research report on Friday, July 27th. Finally, Citigroup lifted their price objective on KKR & Co Inc from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $30.33.

In other KKR & Co Inc news, major shareholder Fund Holdings L.P. Kkr bought 14,132 shares of the business’s stock in a transaction on Friday, August 31st. The stock was bought at an average price of $15.93 per share, with a total value of $225,122.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have acquired 130,656 shares of company stock valued at $1,914,185.

Hedge funds have recently bought and sold shares of the business. Edge Wealth Management LLC acquired a new stake in KKR & Co Inc during the third quarter worth $104,000. Financial Architects Inc acquired a new stake in KKR & Co Inc during the third quarter worth $106,000. Rockefeller Capital Management L.P. acquired a new stake in KKR & Co Inc during the second quarter worth $102,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of KKR & Co Inc in the second quarter valued at $137,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in shares of KKR & Co Inc in the third quarter valued at $160,000. 62.60% of the stock is owned by institutional investors.

KKR & Co Inc stock traded down $0.65 during trading on Monday, reaching $23.79. 2,492,777 shares of the company were exchanged, compared to its average volume of 5,531,727. KKR & Co Inc has a 52-week low of $18.74 and a 52-week high of $28.73. The company has a market cap of $13.09 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.11 and a beta of 1.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 1.01.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, November 2nd. This represents a $0.50 annualized dividend and a yield of 2.10%. KKR & Co Inc’s dividend payout ratio (DPR) is 21.01%.

KKR & Co Inc Company Profile

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

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