Equity research analysts expect KKR & Co. Inc. (NYSE: KKR) to report earnings per share of $ 0.79 for the current quarter, Zacks investment research reports. Two analysts estimated the earnings of KKR & Co. Inc. The highest EPS estimate is $ 0.89 and the lowest is $ 0.72. KKR & Co. Inc. posted earnings of $ 0.39 per share in the same quarter of last year, indicating a positive year-over-year growth rate of 102.6%. The company is expected to release its next quarterly results on Tuesday, August 3.
According to Zacks, analysts expect KKR & Co. Inc. to report annual earnings of $ 3.13 per share for the current fiscal year, with EPS estimates ranging from $ 3.00 to 3.28. $. For next year, analysts predict the company will post earnings of $ 3.48 per share, with EPS estimates ranging from $ 3.27 to $ 3.97. Zacks earnings per share averages are an average based on a survey of analysts who follow KKR & Co. Inc ..
KKR & Co. Inc. (NYSE: KKR) last released its results on Tuesday, May 4. The asset manager reported earnings per share (EPS) of $ 0.75 for the quarter, beating the Zacks’ consensus estimate of $ 0.62 of $ 0.13. KKR & Co. Inc. had a return on equity of 4.35% and a net margin of 58.79%. The company posted revenue of $ 493.31 million in the quarter, compared to analysts’ expectations of $ 609.55 million. In the same quarter of the previous year, the company made EPS of $ 0.42.
A number of analysts have recently published reports on the company. Morgan Stanley raised its target price on KKR & Co. Inc. from $ 60.00 to $ 64.00 and gave the stock an “equal weight” rating in a report released on Monday, May 10. Wells Fargo & Company raised its price target on KKR & Co. Inc. from $ 46.00 to $ 54.00 in a report released on Wednesday, February 10. BMO Capital Markets raised its price target on KKR & Co. Inc. from $ 69.00 to $ 71.00 in a report released on Wednesday, April 14. Citigroup raised its price target on KKR & Co. Inc. from $ 52.50 to $ 62.50 in a report released on Wednesday, February 10. To finish, Zacks investment research downgraded KKR & Co. Inc. from a “hold” rating to a “strong buy” rating and set a price target of $ 66.00 for the company in a report released on Friday, May 7. Three equity research analysts rated the stock with a conservation rating, four issued a buy rating, and two gave the company a high buy rating. The stock currently has an average rating of “Buy” and an average price target of $ 54.95.
In addition, the main shareholder Kkr Group Partnership LP sold 3,700,000 shares of the company in a transaction that took place on Friday March 26. The stock was sold at an average price of $ 32.25, for a total transaction of $ 119,325,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Additionally, General Counsel David Sorkin sold 12,546 shares of the company in a transaction that took place on Friday, May 7. The shares were sold for an average price of $ 58.50, for a total value of $ 733,941.00. Disclosure of this sale can be found here. Company insiders own 39.34% of the company’s shares.
Several hedge funds have recently bought and sold stocks. Advisory Services Network LLC increased its position in KKR & Co. Inc. shares by 25.2% during the 1st quarter. Advisory Services Network LLC now owns 8,996 shares of the asset manager valued at $ 439,000 after acquiring an additional 1,809 shares during the last quarter. Sierra Capital LLC acquired a new stake in KKR & Co. Inc. in the first quarter for a value of $ 2,714,000. Sunbelt Securities Inc. acquired a new stake in KKR & Co. Inc. in the first quarter for a value of $ 254,000. Regency Capital Management Inc. DE acquired a new stake in KKR & Co. Inc. in the first quarter for a value of $ 147,000. Finally, Kingsview Wealth Management LLC acquired a new stake in KKR & Co. Inc. in the first quarter for a value of $ 294,000. 77.09% of the shares are currently held by institutional investors and hedge funds.
NYSE: KKR shares opened at $ 55.28 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.09, and a debt ratio of 0.81. KKR & Co. Inc. has a one-year low at $ 27.95 and a one-year high at $ 59.15. The stock has a market cap of $ 32.16 billion, a PE ratio of 6.77, a P / E / G ratio of 0.61, and a beta of 1.41. The company’s 50-day moving average price is $ 54.63.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 1. Shareholders of record on Monday, May 17 received a dividend of $ 0.145 per share. This is a boost from KKR & Co. Inc.’s previous quarterly dividend of $ 0.14. This represents an annualized dividend of $ 0.58 and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday May 14. KKR & Co. Inc.’s dividend payout ratio is 32.58%.
Company Profile KKR & Co. Inc.
KKR & Co Inc is a private equity and real estate investment company specializing in direct investments and funds of funds. She specializes in acquisitions, LBOs, Management LBOs, special credit situations, growth investments, mature investments, mezzanine, distressed, turnaround, lower middle and middle markets.
Recommended Story: Trade War
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: What is a registration holder?
7 stocks to buy for the gig economy
Before the global pandemic, it was called a sideline – a way for some people to earn a little extra money. However, as the pandemic has changed the nature of the way we work and, as consumers, our spending, the odd-job economy has become an essential way of life for many workers.
Not much is known about the long-term effects of the pandemic. But if there’s one lesson we take from history, it’s that there will be ripple effects. We believe that the company will go back to something that looks like normal. However, what it looks like may be different.
Americans have been becoming less social since before the pandemic. Now consumers have started to realize that there really is no reason to leave their homes to buy anything. And while many seek a physical connection during these times, many have changed their shopping habits for good.
Other elements of the concert economy, such as carpooling and house rentals, have been devastated as a result of the pandemic. These companies are likely to come back.
And that’s why the companies that created the gig economy aren’t going away anytime soon. In this special report, we’ll highlight several actions investors should consider as the odd-job economy progresses.
See the “7 stocks to buy for the gig economy”.