Zacks: Analysts Anticipate KKR & Co. Inc. (NYSE:KKR) to Post $0.95 EPS

Equities analysts expect KKR & Co. Inc. (NYSE:KKRGet Rating) to post earnings per share (EPS) of $0.95 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for KKR & Co. Inc.’s earnings. The lowest EPS estimate is $0.85 and the highest is $1.03. KKR & Co. Inc. posted earnings of $1.05 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.5%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that KKR & Co. Inc. will report full-year earnings of $4.24 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.33. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.80 per share, with EPS estimates ranging from $4.58 to $5.11. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for KKR & Co. Inc..

KKR & Co. Inc. (NYSE:KKRGet Rating) last issued its earnings results on Tuesday, May 3rd. The asset manager reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. KKR & Co. Inc. had a net margin of 23.19% and a return on equity of 7.82%. During the same period in the previous year, the firm posted $0.75 EPS.

A number of brokerages recently issued reports on KKR. BMO Capital Markets reduced their price target on KKR & Co. Inc. from $90.00 to $80.00 in a report on Wednesday, May 4th. Oppenheimer increased their price objective on KKR & Co. Inc. from $76.00 to $81.00 in a report on Wednesday, April 13th. StockNews.com assumed coverage on KKR & Co. Inc. in a report on Thursday, March 31st. They issued a “sell” rating for the company. Zacks Investment Research cut KKR & Co. Inc. from a “buy” rating to a “hold” rating in a report on Wednesday, March 16th. Finally, JMP Securities dropped their price objective on KKR & Co. Inc. from $92.00 to $85.00 and set a “market outperform” rating for the company in a report on Thursday, April 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, KKR & Co. Inc. currently has a consensus rating of “Buy” and a consensus target price of $79.68.

Shares of NYSE:KKR opened at $51.57 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.07 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average price of $55.31 and a 200-day moving average price of $65.48. The company has a market cap of $30.56 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 2.84 and a beta of 1.47. KKR & Co. Inc. has a 12 month low of $47.51 and a 12 month high of $83.90.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th will be given a $0.155 dividend. The ex-dividend date is Friday, May 13th. This represents a $0.62 annualized dividend and a dividend yield of 1.20%. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.15. KKR & Co. Inc.’s dividend payout ratio is currently 12.80%.

In other news, Director Matt Cohler bought 8,683 shares of the firm’s stock in a transaction dated Thursday, February 24th. The stock was purchased at an average price of $58.26 per share, with a total value of $505,871.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 39.34% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of KKR. GQG Partners LLC bought a new position in KKR & Co. Inc. during the 4th quarter valued at approximately $783,509,000. Jennison Associates LLC increased its position in KKR & Co. Inc. by 1,715.9% during the 4th quarter. Jennison Associates LLC now owns 6,072,720 shares of the asset manager’s stock valued at $452,418,000 after buying an additional 5,738,304 shares in the last quarter. Norges Bank bought a new position in KKR & Co. Inc. during the 4th quarter valued at approximately $389,956,000. Massachusetts Financial Services Co. MA increased its holdings in shares of KKR & Co. Inc. by 43.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,535,659 shares of the asset manager’s stock worth $635,907,000 after purchasing an additional 2,586,939 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of KKR & Co. Inc. in the 1st quarter worth $135,437,000.

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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Earnings History and Estimates for KKR & Co. Inc. (NYSE:KKR)

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