Wall Street brokerages forecast that KKR & Co. L.P. (NYSE:KKR) will announce sales of $340.60 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for KKR & Co. L.P.’s earnings, with estimates ranging from $312.00 million to $387.20 million. KKR & Co. L.P. posted sales of $481.48 million in the same quarter last year, which suggests a negative year over year growth rate of 29.3%. The business is expected to report its next earnings results on Thursday, February 8th.

On average, analysts expect that KKR & Co. L.P. will report full-year sales of $340.60 million for the current financial year, with estimates ranging from $1.37 billion to $1.48 billion. For the next financial year, analysts expect that the firm will post sales of $1.39 billion per share, with estimates ranging from $1.33 billion to $1.46 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms 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 the Thomson Reuters’ consensus estimate of $0.42 by ($0.06). KKR & Co. L.P. had a net margin of 35.65% and a return on equity of 9.39%. The business had revenue of $356.00 million during the quarter, compared to the consensus estimate of $314.80 million. During the same period in the previous year, the business posted $0.71 EPS. KKR & Co. L.P.’s revenue was up 29.0% compared to the same quarter last year.

KKR has been the topic of a number of research reports. ValuEngine cut shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research upgraded shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Thursday, September 7th. Goldman Sachs Group upgraded shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research note on Monday, October 16th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $27.00 price objective on shares of KKR & Co. L.P. in a research note on Thursday, October 12th. Finally, TheStreet lowered shares of KKR & Co. L.P. from a “b” rating to a “c+” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $22.33.

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new position in KKR & Co. L.P. during the second quarter valued at $2,171,000. Beach Investment Management LLC. lifted its holdings in KKR & Co. L.P. by 1,504.4% during the 2nd quarter. Beach Investment Management LLC. now owns 468,792 shares of the asset manager’s stock valued at $8,720,000 after buying an additional 439,572 shares in the last quarter. Hodges Capital Management Inc. lifted its holdings in KKR & Co. L.P. by 21.3% during the 2nd quarter. Hodges Capital Management Inc. now owns 54,554 shares of the asset manager’s stock valued at $1,015,000 after buying an additional 9,577 shares in the last quarter. Palisade Capital Management LLC NJ lifted its holdings in KKR & Co. L.P. by 9.0% during the 2nd quarter. Palisade Capital Management LLC NJ now owns 120,798 shares of the asset manager’s stock valued at $2,247,000 after buying an additional 10,000 shares in the last quarter. Finally, Pioneer Investment Management Inc. lifted its holdings in KKR & Co. L.P. by 75.4% during the 2nd quarter. Pioneer Investment Management Inc. now owns 383,286 shares of the asset manager’s stock valued at $7,129,000 after buying an additional 164,783 shares in the last quarter. Hedge funds and other institutional investors own 65.21% of the company’s stock.

KKR & Co. L.P. (KKR) traded down $0.39 during trading on Thursday, hitting $19.19. 1,270,000 shares of the company’s stock traded hands, compared to its average volume of 2,769,302. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $9,350.87, a PE ratio of 8.51, a P/E/G ratio of 0.62 and a beta of 1.51. KKR & Co. L.P. has a 1 year low of $15.30 and a 1 year high of $20.76.

The firm also recently declared a dividend, which was paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th were given a $0.17 dividend. The ex-dividend date was Friday, November 3rd. KKR & Co. L.P.’s payout ratio is presently 34.34%.

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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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Earnings History and Estimates for KKR & Co. L.P. (NYSE:KKR)

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