Jefferies Group Weighs in on KKR & Co. L.P.’s FY2016 Earnings (KKR)
KKR & Co. L.P. (NYSE:KKR) – Research analysts at Jefferies Group upped their FY2016 earnings per share (EPS) estimates for KKR & Co. L.P. in a research note issued to investors on Tuesday. Jefferies Group analyst G. O’hara now expects that the brokerage will earn $0.65 per share for the year, up from their prior forecast of $0.60. Jefferies Group currently has a “Buy” rating and a $17.00 target price on the stock. Jefferies Group also issued estimates for KKR & Co. L.P.’s Q4 2016 earnings at $0.49 EPS, Q1 2017 earnings at $0.53 EPS, Q2 2017 earnings at $0.55 EPS, Q3 2017 earnings at $0.56 EPS and Q4 2017 earnings at $0.57 EPS.
A number of other equities research analysts have also issued reports on the stock. Deutsche Bank AG reissued a “hold” rating on shares of KKR & Co. L.P. in a research note on Sunday, July 10th. Barclays PLC decreased their target price on shares of KKR & Co. L.P. from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Zacks Investment Research raised shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, September 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 target price (down previously from $21.00) on shares of KKR & Co. L.P. in a research note on Monday, July 11th. Finally, Vetr lowered shares of KKR & Co. L.P. from a “buy” rating to a “hold” rating and set a $13.02 target price for the company. in a research note on Monday, July 18th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. KKR & Co. L.P. currently has an average rating of “Buy” and a consensus price target of $17.88.
Shares of KKR & Co. L.P. (NYSE:KKR) traded down 1.26% during trading on Wednesday, hitting $14.06. 770,068 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $14.53 and its 200 day moving average is $13.82. The firm’s market capitalization is $6.25 billion. KKR & Co. L.P. has a 1-year low of $10.89 and a 1-year high of $19.20.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/jefferies-group-weighs-in-on-kkr-co-l-p-s-fy2016-earnings-kkr.html
KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.18. The company earned $576.76 million during the quarter, compared to analyst estimates of $271.50 million. The firm’s revenue for the quarter was up 125.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS.
In related news, Director Robert W. Scully sold 168,400 shares of KKR & Co. L.P. stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $14.22, for a total value of $2,394,648.00. Following the transaction, the director now owns 43,276 shares in the company, valued at approximately $615,384.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of hedge funds and other institutional investors have recently made changes to their positions in KKR. FCG Advisors LLC purchased a new position in shares of KKR & Co. L.P. during the second quarter valued at approximately $136,000. Laurel Wealth Advisors Inc. increased its position in shares of KKR & Co. L.P. by 27.0% in the second quarter. Laurel Wealth Advisors Inc. now owns 13,615 shares of the company’s stock valued at $168,000 after buying an additional 2,895 shares during the period. BOKF NA increased its position in shares of KKR & Co. L.P. by 16.3% in the second quarter. BOKF NA now owns 13,724 shares of the company’s stock valued at $169,000 after buying an additional 1,925 shares during the period. Feltz Wealth PLAN Inc. purchased a new position in shares of KKR & Co. L.P. during the second quarter valued at approximately $174,000. Finally, Palo Capital Inc. purchased a new position in shares of KKR & Co. L.P. during the second quarter valued at approximately $176,000.
KKR & Co. L.P. Company Profile
KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties.
Receive News & Ratings for KKR & Co. L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co. L.P. and related companies with MarketBeat.com's FREE daily email newsletter.