KKR & Co. L.P. (NYSE:KKR) Expected to Post Quarterly Sales of $313.47 Million
Analysts predict that KKR & Co. L.P. (NYSE:KKR) will post $313.47 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for KKR & Co. L.P.’s earnings, with estimates ranging from $311.12 million to $315.30 million. KKR & Co. L.P. posted sales of $687.06 million in the same quarter last year, which suggests a negative year-over-year growth rate of 54.4%. The business is scheduled to issue its next earnings results on Tuesday, October 24th.
On average, analysts expect that KKR & Co. L.P. will report full year sales of $313.47 million for the current financial year, with estimates ranging from $1.37 billion to $1.38 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.35 billion per share, with estimates ranging from $1.27 billion to $1.42 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for 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, topping the 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 business had revenue of $365.16 million during the quarter, compared to analysts’ expectations of $300.74 million. During the same quarter in the previous year, the firm earned $0.19 EPS.
Several equities research analysts recently issued reports on KKR shares. Citigroup Inc. downgraded shares of KKR & Co. L.P. from a “buy” rating to a “neutral” rating and cut their target price for the company from $20.50 to $19.00 in a research note on Monday, April 17th. Zacks Investment Research upgraded shares of KKR & Co. L.P. from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a research note on Thursday, June 8th. Jefferies Group LLC reiterated a “buy” rating on shares of KKR & Co. L.P. in a research note on Friday, June 30th. JMP Securities reiterated an “outperform” rating and issued a $25.00 target price on shares of KKR & Co. L.P. in a research note on Monday, May 1st. Finally, TheStreet upgraded shares of KKR & Co. L.P. from a “c” rating to a “b” rating in a research note on Thursday, April 27th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. KKR & Co. L.P. presently has a consensus rating of “Buy” and an average price target of $21.40.
Large investors have recently modified their holdings of the company. Telemus Capital LLC bought a new stake in shares of KKR & Co. L.P. during the first quarter valued at about $1,823,000. DnB Asset Management AS increased its stake in shares of KKR & Co. L.P. by 95.2% in the first quarter. DnB Asset Management AS now owns 238,066 shares of the asset manager’s stock valued at $4,340,000 after buying an additional 116,100 shares during the period. NewSquare Capital LLC increased its stake in shares of KKR & Co. L.P. by 12.6% in the first quarter. NewSquare Capital LLC now owns 64,410 shares of the asset manager’s stock valued at $1,174,000 after buying an additional 7,230 shares during the period. LGT Capital Partners LTD. bought a new stake in shares of KKR & Co. L.P. during the first quarter valued at about $17,136,000. Finally, Guardian Investment Management bought a new stake in shares of KKR & Co. L.P. during the first quarter valued at about $337,000. Hedge funds and other institutional investors own 76.59% of the company’s stock.
KKR & Co. L.P. (NYSE:KKR) opened at 18.64 on Tuesday. KKR & Co. L.P. has a 52-week low of $13.57 and a 52-week high of $20.34. The company’s 50 day moving average price is $19.01 and its 200 day moving average price is $18.39. The firm has a market cap of $8.76 billion, a PE ratio of 7.98 and a beta of 1.53.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Shareholders of record on Monday, August 7th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.68 annualized dividend and a yield of 3.65%. KKR & Co. L.P.’s dividend payout ratio (DPR) is presently 28.22%.
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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