Equities analysts predict that KKR & Co. L.P. (NYSE:KKR) will announce $0.61 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for KKR & Co. L.P.’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.55. KKR & Co. L.P. reported earnings of $0.65 per share in the same quarter last year, which indicates a negative year over year growth rate of 6.2%. The firm is expected to report its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that KKR & Co. L.P. will report full-year earnings of $2.55 per share for the current year, with EPS estimates ranging from $2.35 to $2.72. For the next year, analysts anticipate that the business will report earnings of $2.73 per share, with EPS estimates ranging from $2.59 to $2.90. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for KKR & Co. L.P..
KKR & Co. L.P. (NYSE:KKR) last issued its earnings results on Thursday, February 8th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.04). The firm had revenue of $941.64 million during the quarter, compared to the consensus estimate of $367.36 million. KKR & Co. L.P. had a net margin of 30.52% and a return on equity of 9.34%. The firm’s revenue for the quarter was up 95.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share.
In other KKR & Co. L.P. news, major shareholder Holdings L.P. Valueact bought 1,450,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of $21.55 per share, for a total transaction of $31,247,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several large investors have recently made changes to their positions in KKR. Stelac Advisory Services LLC acquired a new position in shares of KKR & Co. L.P. during the 3rd quarter worth approximately $119,000. Sterling Investment Advisors Ltd. grew its position in shares of KKR & Co. L.P. by 470.0% during the 4th quarter. Sterling Investment Advisors Ltd. now owns 5,700 shares of the asset manager’s stock worth $120,000 after purchasing an additional 4,700 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of KKR & Co. L.P. by 48,800.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,824 shares of the asset manager’s stock worth $165,000 after purchasing an additional 7,808 shares in the last quarter. BB&T Securities LLC acquired a new position in shares of KKR & Co. L.P. during the 4th quarter worth approximately $206,000. Finally, KHP Capital LLC acquired a new position in shares of KKR & Co. L.P. during the 4th quarter worth approximately $208,000. Hedge funds and other institutional investors own 65.67% of the company’s stock.
Shares of KKR & Co. L.P. (KKR) traded up $0.13 during mid-day trading on Wednesday, hitting $21.56. 1,629,329 shares of the stock were exchanged, compared to its average volume of 3,750,000. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.08. The company has a market cap of $17,650.00, a PE ratio of 10.07, a price-to-earnings-growth ratio of 0.65 and a beta of 1.58. KKR & Co. L.P. has a 12 month low of $16.77 and a 12 month high of $24.50.
The firm also recently announced a dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, February 16th. This represents a dividend yield of 0.00802265219443134%. KKR & Co. L.P.’s payout ratio is presently 31.78%.
About KKR & Co. L.P.
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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