Equities analysts expect that KKR & Co. L.P. (NYSE:KKR) will post earnings per share of $0.50 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for KKR & Co. L.P.’s earnings. The highest EPS estimate is $0.64 and the lowest is $0.35. KKR & Co. L.P. reported earnings of $0.71 per share in the same quarter last year, which would indicate a negative year over year growth rate of 29.6%. The firm is scheduled to report its next earnings results on Tuesday, October 24th.
According to Zacks, analysts expect that KKR & Co. L.P. will report full year earnings of $2.41 per share for the current year, with EPS estimates ranging from $1.46 to $2.85. For the next year, analysts anticipate that the company will post earnings of $2.52 per share, with EPS estimates ranging from $2.09 to $2.87. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover KKR & Co. L.P..
KKR & Co. L.P. (NYSE:KKR) last posted its quarterly earnings data on Thursday, July 27th. The asset manager reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.26. KKR & Co. L.P. had a return on equity of 11.45% and a net margin of 42.48%. The company had revenue of $365.16 million during the quarter, compared to analyst estimates of $300.74 million. During the same quarter last year, the company earned $0.19 EPS.
A number of analysts have weighed in on the company. Morgan Stanley upped their target price on KKR & Co. L.P. from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Thursday. ValuEngine upgraded KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Zacks Investment Research upgraded KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Thursday, September 7th. BidaskClub lowered KKR & Co. L.P. from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, Oppenheimer Holdings, Inc. increased their price objective on KKR & Co. L.P. from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.40.
In other news, Director Robert W. Scully bought 55,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $18.21 per share, with a total value of $1,001,550.00. Following the transaction, the director now directly owns 49,495 shares in the company, valued at $901,303.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KKR. Morgan Stanley increased its position in shares of KKR & Co. L.P. by 246.8% in the 1st quarter. Morgan Stanley now owns 55,751,843 shares of the asset manager’s stock valued at $1,016,356,000 after acquiring an additional 39,675,214 shares during the period. Principal Financial Group Inc. increased its position in shares of KKR & Co. L.P. by 385.9% in the 2nd quarter. Principal Financial Group Inc. now owns 12,925,569 shares of the asset manager’s stock valued at $240,415,000 after acquiring an additional 10,265,357 shares during the period. ValueAct Holdings L.P. acquired a new position in shares of KKR & Co. L.P. in the 2nd quarter valued at $93,000,000. JPMorgan Chase & Co. increased its position in shares of KKR & Co. L.P. by 464.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,128,910 shares of the asset manager’s stock valued at $95,399,000 after acquiring an additional 4,220,481 shares during the period. Finally, GMT Capital Corp increased its position in shares of KKR & Co. L.P. by 432.0% in the 2nd quarter. GMT Capital Corp now owns 4,893,300 shares of the asset manager’s stock valued at $90,771,000 after acquiring an additional 3,973,500 shares during the period. 65.19% of the stock is currently owned by hedge funds and other institutional investors.
KKR & Co. L.P. (NYSE:KKR) traded down 0.98% on Friday, reaching $20.30. The company had a trading volume of 1,919,205 shares. The stock’s 50-day moving average is $19.11 and its 200-day moving average is $18.66. The company has a market capitalization of $9.54 billion, a P/E ratio of 8.29 and a beta of 1.53. KKR & Co. L.P. has a 52 week low of $13.57 and a 52 week high of $20.64.
KKR & Co. L.P. Company Profile
KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties.
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