Equities research analysts forecast that KKR & Co Inc (NYSE:KKR) will report $465.28 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for KKR & Co Inc’s earnings, with estimates ranging from $421.55 million to $513.30 million. KKR & Co Inc reported sales of $405.63 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.7%. The business is expected to announce its next earnings results on Thursday, February 14th.
On average, analysts expect that KKR & Co Inc will report full-year sales of $1.75 billion for the current fiscal year, with estimates ranging from $1.69 billion to $1.80 billion. For the next year, analysts anticipate that the business will report sales of $1.65 billion, with estimates ranging from $1.42 billion to $1.92 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover KKR & Co Inc.
KKR & Co Inc (NYSE:KKR) last released its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. The firm had revenue of $491.50 million for the quarter, compared to analyst estimates of $401.39 million. KKR & Co Inc had a net margin of 48.08% and a return on equity of 6.95%.
NYSE:KKR traded up $0.18 on Wednesday, reaching $22.92. The stock had a trading volume of 7,026,424 shares, compared to its average volume of 3,872,383. KKR & Co Inc has a 1-year low of $19.11 and a 1-year high of $28.73. The firm has a market cap of $12.03 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 1.00 and a beta of 1.63. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.82.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Monday, November 5th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, November 2nd. KKR & Co Inc’s dividend payout ratio is presently 21.01%.
In related news, major shareholder Fund Holdings L.P. Kkr sold 10,054,259 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $40.20, for a total transaction of $404,181,211.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several institutional investors and hedge funds have recently bought and sold shares of KKR. Rockefeller Capital Management L.P. bought a new stake in shares of KKR & Co Inc during the second quarter worth approximately $102,000. Edge Wealth Management LLC bought a new stake in shares of KKR & Co Inc during the third quarter worth approximately $104,000. Financial Architects Inc bought a new stake in shares of KKR & Co Inc during the third quarter worth approximately $106,000. Bronfman E.L. Rothschild L.P. bought a new stake in shares of KKR & Co Inc during the third quarter worth approximately $126,000. Finally, Thompson Siegel & Walmsley LLC bought a new stake in shares of KKR & Co Inc during the second quarter worth approximately $137,000. 69.92% of the stock is owned by institutional investors and hedge funds.
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, and middle market investments.
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