Brokerages predict that KKR & Co Inc (NYSE:KKR) will post sales of $413.05 million for the current quarter, according to Zacks. Two analysts have made estimates for KKR & Co Inc’s earnings, with estimates ranging from $409.80 million to $416.30 million. KKR & Co Inc posted sales of $519.44 million during the same quarter last year, which would indicate a negative year over year growth rate of 20.5%. The company is expected to report its next earnings report on Thursday, July 23rd.
On average, analysts expect that KKR & Co Inc will report full year sales of $1.75 billion for the current financial year. For the next financial year, analysts expect that the business will report sales of $2.27 billion, with estimates ranging from $2.11 billion to $2.43 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover KKR & Co Inc.
KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings results on Wednesday, May 6th. The asset manager reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The company had revenue of $380.60 million for the quarter, compared to analyst estimates of $432.47 million. KKR & Co Inc had a net margin of 47.50% and a return on equity of 4.37%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share.
Shares of KKR stock traded up $0.58 during trading hours on Monday, hitting $30.17. The stock had a trading volume of 6,631,617 shares, compared to its average volume of 4,367,876. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.50 and a quick ratio of 1.50. The stock’s 50 day moving average is $28.60 and its 200 day moving average is $27.98. KKR & Co Inc has a twelve month low of $15.55 and a twelve month high of $34.14. The firm has a market capitalization of $16.63 billion, a PE ratio of -754.25, a PEG ratio of 3.34 and a beta of 1.54.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a $0.135 dividend. This is a positive change from KKR & Co Inc’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, May 15th. This represents a $0.54 annualized dividend and a yield of 1.79%. KKR & Co Inc’s dividend payout ratio (DPR) is 32.34%.
In other KKR & Co Inc news, major shareholder Kkr Stream Holdings Llc sold 13,845,682 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $13.00, for a total value of $179,993,866.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel David Sorkin sold 26,333 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $26.56, for a total transaction of $699,404.48. The disclosure for this sale can be found here. Company insiders own 39.34% of the company’s stock.
Several hedge funds have recently modified their holdings of KKR. RMR Wealth Builders purchased a new position in shares of KKR & Co Inc during the fourth quarter valued at approximately $27,000. Verus Capital Partners LLC purchased a new stake in KKR & Co Inc during the fourth quarter worth about $43,000. Global Wealth Management Investment Advisory Inc. increased its stake in KKR & Co Inc by 51.6% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,604 shares of the asset manager’s stock worth $38,000 after purchasing an additional 546 shares during the period. Contravisory Investment Management Inc. purchased a new stake in KKR & Co Inc during the first quarter worth about $40,000. Finally, Tower Research Capital LLC TRC purchased a new stake in KKR & Co Inc during the first quarter worth about $50,000. Institutional investors own 77.52% of the company’s stock.
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, lower middle market and middle market investments.
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