$0.98 EPS Expected for KKR & Co. Inc. (NYSE:KKR) This Quarter

Equities analysts forecast that KKR & Co. Inc. (NYSE:KKR – Get Rating) will report earnings of $0.98 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for KKR & Co. Inc.’s earnings. The highest EPS estimate is $1.01 and the lowest is $0.93. KKR & Co. Inc. reported earnings per share of $0.75 during the same quarter last year, which indicates a positive year over year growth rate of 30.7%. The company is scheduled to announce its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that KKR & Co. Inc. will report full year earnings of $4.28 per share for the current year, with EPS estimates ranging from $4.10 to $4.43. For the next fiscal year, analysts forecast that the company will post earnings of $4.82 per share, with EPS estimates ranging from $4.58 to $5.13. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover KKR & Co. Inc..

KKR & Co. Inc. (NYSE:KKR – Get Rating) last announced its quarterly earnings results on Tuesday, February 8th. The asset manager reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.48. KKR & Co. Inc. had a net margin of 31.42% and a return on equity of 7.27%. The company had revenue of $962.79 million for the quarter, compared to the consensus estimate of $826.04 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share.

A number of equities analysts have recently weighed in on KKR shares. Citigroup cut their price objective on shares of KKR & Co. Inc. from $94.00 to $81.50 and set a “buy” rating for the company in a research report on Tuesday, April 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of KKR & Co. Inc. from $87.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, April 7th. Wells Fargo & Company cut their price objective on shares of KKR & Co. Inc. from $83.00 to $73.00 and set an “overweight” rating for the company in a research report on Tuesday, April 19th. JMP Securities cut their price objective on shares of KKR & Co. Inc. from $92.00 to $85.00 and set a “market outperform” rating for the company in a research report on Thursday, April 7th. Finally, Zacks Investment Research lowered shares of KKR & Co. Inc. from a “buy” rating to a “hold” rating in a research report on Wednesday, March 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $78.96.

Shares of NYSE:KKR traded down $2.10 during trading on Friday, reaching $51.77. The stock had a trading volume of 3,101,169 shares, compared to its average volume of 2,789,300. The business has a fifty day moving average price of $57.24 and a 200-day moving average price of $67.27. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.68. The stock has a market cap of $30.29 billion, a P/E ratio of 7.06, a PEG ratio of 2.28 and a beta of 1.47. KKR & Co. Inc. has a fifty-two week low of $50.55 and a fifty-two week high of $83.90.

The business also recently declared a quarterly dividend, which was paid on Friday, March 4th. Investors of record on Friday, February 18th were given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, February 17th. KKR & Co. Inc.’s dividend payout ratio (DPR) is 7.91%.

In other KKR & Co. Inc. news, Director Matt Cohler acquired 8,683 shares of the firm’s stock in a transaction on Thursday, February 24th. The stock was bought at an average cost of $58.26 per share, for a total transaction of $505,871.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 39.34% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WASHINGTON TRUST Co boosted its stake in shares of KKR & Co. Inc. by 264.3% in the fourth quarter. WASHINGTON TRUST Co now owns 357 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 259 shares during the period. Allworth Financial LP purchased a new position in shares of KKR & Co. Inc. in the first quarter valued at $28,000. Herold Advisors Inc. purchased a new position in shares of KKR & Co. Inc. in the third quarter valued at $30,000. Pinebridge Investments L.P. purchased a new position in shares of KKR & Co. Inc. in the fourth quarter valued at $30,000. Finally, BerganKDV Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. in the third quarter valued at $37,000. Institutional investors own 77.10% of the company’s stock.

KKR & Co. Inc. Company Profile (Get Rating)

KKR & Co Inc 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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