Zacks: Analysts Anticipate KKR & Co. L.P. (KKR) to Post $0.54 EPS
Analysts expect that KKR & Co. L.P. (NYSE:KKR) will report $0.54 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for KKR & Co. L.P.’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.43. KKR & Co. L.P. posted earnings per share of $0.40 during the same quarter last year, which indicates a positive year over year growth rate of 35%. The company is scheduled to issue its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that KKR & Co. L.P. will report full-year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.32 to $2.55. For the next financial year, analysts anticipate that the business will report earnings of $2.42 per share, with EPS estimates ranging from $2.07 to $2.58. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for KKR & Co. L.P..
KKR & Co. L.P. (NYSE:KKR) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06). KKR & Co. L.P. had a return on equity of 9.39% and a net margin of 35.65%. The business had revenue of $356.00 million for the quarter, compared to analysts’ expectations of $314.80 million. During the same period last year, the company posted $0.71 earnings per share. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis.
KKR & Co. L.P. (NYSE:KKR) traded up $0.07 on Tuesday, reaching $19.95. 2,220,600 shares of the company traded hands, compared to its average volume of 2,780,418. The firm has a market capitalization of $16,200.00, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.51. KKR & Co. L.P. has a 52-week low of $15.30 and a 52-week high of $20.76. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.08.
The firm also recently declared a dividend, which was paid on Tuesday, November 21st. Stockholders of record on Monday, November 6th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 3rd. KKR & Co. L.P.’s dividend payout ratio is currently 34.17%.
Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its position in shares of KKR & Co. L.P. by 1.8% during the 2nd quarter. Advisory Services Network LLC now owns 6,405 shares of the asset manager’s stock valued at $119,000 after acquiring an additional 115 shares in the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of KKR & Co. L.P. during the 3rd quarter valued at about $119,000. Laurel Wealth Advisors Inc. boosted its position in shares of KKR & Co. L.P. by 0.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 10,917 shares of the asset manager’s stock valued at $203,000 after acquiring an additional 67 shares in the last quarter. Synovus Financial Corp acquired a new stake in shares of KKR & Co. L.P. during the 2nd quarter valued at about $205,000. Finally, Harbour Capital Advisors LLC boosted its position in KKR & Co. L.P. by 1,760.0% in the second quarter. Harbour Capital Advisors LLC now owns 4,185 shares of the asset manager’s stock valued at $225,000 after buying an additional 3,960 shares in the last quarter. Institutional investors and hedge funds own 65.21% of the company’s stock.
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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