$448.15 Million in Sales Expected for KKR & Co Inc (NYSE:KKR) This Quarter
Wall Street analysts expect KKR & Co Inc (NYSE:KKR) to post $448.15 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for KKR & Co Inc’s earnings, with the highest sales estimate coming in at $466.00 million and the lowest estimate coming in at $425.45 million. KKR & Co Inc posted sales of $397.75 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.7%. The company is scheduled to report its next earnings report before the market opens on Thursday, July 25th.
On average, analysts expect that KKR & Co Inc will report full year sales of $1.75 billion for the current year, with estimates ranging from $1.64 billion to $1.86 billion. For the next year, analysts forecast that the firm will post sales of $1.94 billion, with estimates ranging from $1.83 billion to $2.13 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow KKR & Co Inc.
KKR & Co Inc (NYSE:KKR) last released its quarterly earnings data on Tuesday, April 30th. The asset manager reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $397.26 million during the quarter, compared to analysts’ expectations of $370.51 million. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share.
In related news, major shareholder Genetic Disorder L.P. Kkr acquired 2,647,100 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was bought at an average cost of $17.00 per share, with a total value of $45,000,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel David Sorkin sold 100,000 shares of KKR & Co Inc stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $24.15, for a total transaction of $2,415,000.00. Following the sale, the general counsel now directly owns 107,072 shares of the company’s stock, valued at $2,585,788.80. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. bought a new stake in KKR & Co Inc in the second quarter worth $1,355,000. Commonwealth Equity Services LLC increased its position in shares of KKR & Co Inc by 4.1% in the second quarter. Commonwealth Equity Services LLC now owns 191,296 shares of the asset manager’s stock valued at $4,834,000 after acquiring an additional 7,463 shares during the period. Perennial Advisors LLC increased its position in shares of KKR & Co Inc by 3.8% in the second quarter. Perennial Advisors LLC now owns 114,484 shares of the asset manager’s stock valued at $2,893,000 after acquiring an additional 4,186 shares during the period. Menlo Advisors LLC purchased a new position in shares of KKR & Co Inc in the second quarter valued at about $4,374,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of KKR & Co Inc by 3.8% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 187,455 shares of the asset manager’s stock valued at $4,737,000 after acquiring an additional 6,800 shares during the period. 76.44% of the stock is owned by institutional investors.
Shares of KKR traded down $0.30 during mid-day trading on Monday, reaching $25.14. 1,870,029 shares of the stock traded hands, compared to its average volume of 3,099,278. The business has a fifty day simple moving average of $24.73. The firm has a market cap of $13.84 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 11.79 and a beta of 1.65. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.87. KKR & Co Inc has a 1 year low of $18.30 and a 1 year high of $28.73.
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, lower middle market and middle market investments.
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