KKR (KKR) Posts Quarterly Earnings, Beats Estimates By $0.36 EPS
KKR (NYSE:KKR) released its earnings data on Thursday. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.36, American Banking & Market News reports. The company had revenue of $224.90 million for the quarter, compared to the consensus estimate of $371.90 million.
KKR (NYSE:KKR) opened at 23.21 on Thursday. KKR has a 52 week low of $17.12 and a 52 week high of $26.50. The stock’s 50-day moving average is $24.80 and its 200-day moving average is $22.29. The company has a market cap of $6.688 billion and a price-to-earnings ratio of 13.22.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of KKR in a research note to investors on Tuesday, January 28th. They set a “hold” rating and a $25.00 price target on the stock. On the ratings front, analysts at Zacks downgraded shares of KKR from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 25th. They now have a $27.00 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of KKR from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, November 14th. They now have a $27.00 price target on the stock, up previously from $24.00. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. KKR presently has an average rating of “Buy” and an average target price of $23.50.
KKR & Co L.P. (NYSE:KKR) is a global investment company.
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