KKR & Co. L.P. (KKR) Scheduled to Post Earnings on Thursday
KKR & Co. L.P. (NYSE:KKR) will post its quarterly earnings results before the market opens on Thursday, October 26th. Analysts expect KKR & Co. L.P. to post earnings of $0.53 per share for the quarter.
KKR & Co. L.P. (NYSE:KKR) last issued its earnings results on Thursday, July 27th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.26. KKR & Co. L.P. had a net margin of 42.48% and a return on equity of 11.45%. The business had revenue of $365.16 million for the quarter, compared to analysts’ expectations of $300.74 million. During the same quarter in the previous year, the firm posted $0.19 EPS. On average, analysts expect KKR & Co. L.P. to post $2.53 EPS for the current fiscal year and $2.49 EPS for the next fiscal year.
Shares of KKR & Co. L.P. (NYSE KKR) opened at 20.22 on Thursday. The firm’s 50-day moving average is $19.50 and its 200-day moving average is $18.79. The company has a market cap of $9.50 billion, a PE ratio of 8.66 and a beta of 1.53. KKR & Co. L.P. has a one year low of $13.58 and a one year high of $20.64.
KKR has been the topic of a number of analyst reports. Zacks Investment Research cut shares of KKR & Co. L.P. from a “buy” rating to a “sell” rating in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $27.00 target price on shares of KKR & Co. L.P. in a research note on Thursday, October 12th. Morgan Stanley lifted their target price on shares of KKR & Co. L.P. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) upgraded shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, BidaskClub cut shares of KKR & Co. L.P. from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $21.80.
In other news, Director Robert W. Scully purchased 55,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $18.21 per share, with a total value of $1,001,550.00. Following the purchase, the director now owns 49,495 shares in the company, valued at $901,303.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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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.
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