Brokerages Anticipate KKR & Co. L.P. (KKR) Will Announce Quarterly Sales of $339.38 Million

Brokerages expect that KKR & Co. L.P. (NYSE:KKR) will report $339.38 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for KKR & Co. L.P.’s earnings, with the highest sales estimate coming in at $360.80 million and the lowest estimate coming in at $328.35 million. KKR & Co. L.P. posted sales of $715.95 million during the same quarter last year, which suggests a negative year-over-year growth rate of 52.6%. The firm is expected to report its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that KKR & Co. L.P. will report full-year sales of $339.38 million for the current year, with estimates ranging from $1.33 billion to $1.53 billion. For the next financial year, analysts forecast that the company will report sales of $1.46 billion per share, with estimates ranging from $1.37 billion to $1.56 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow KKR & Co. L.P..

KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.04). KKR & Co. L.P. had a return on equity of 9.53% and a net margin of 30.52%. The company had revenue of $941.64 million during the quarter, compared to analysts’ expectations of $367.36 million. During the same quarter last year, the business earned $0.40 earnings per share. The business’s quarterly revenue was up 95.6% on a year-over-year basis.

KKR has been the subject of several research analyst reports. TheStreet upgraded shares of KKR & Co. L.P. from a “c+” rating to a “b-” rating in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $28.00 target price on shares of KKR & Co. L.P. in a report on Thursday, January 11th. Jefferies Group reiterated a “buy” rating and set a $26.00 target price on shares of KKR & Co. L.P. in a report on Thursday, January 11th. Goldman Sachs Group upgraded shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a report on Monday, October 16th. Finally, Sandler O’Neill set a $22.00 target price on shares of KKR & Co. L.P. and gave the company a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $24.30.

Shares of KKR & Co. L.P. (NYSE:KKR) opened at $21.53 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.08. KKR & Co. L.P. has a 1-year low of $16.77 and a 1-year high of $24.50. The company has a market cap of $17,630.00, a PE ratio of 11.04, a price-to-earnings-growth ratio of 0.64 and a beta of 1.55.

The firm also recently announced a dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a dividend yield of 0.00802265219443134%. KKR & Co. L.P.’s payout ratio is 34.87%.

In other KKR & Co. L.P. news, major shareholder Holdings L.P. Valueact bought 450,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average cost of $21.70 per share, for a total transaction of $9,765,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC increased its position in shares of KKR & Co. L.P. by 1.8% during the second 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 bought a new stake in shares of KKR & Co. L.P. during the third quarter valued at approximately $119,000. Sterling Investment Advisors Ltd. increased its position in shares of KKR & Co. L.P. by 470.0% during the fourth quarter. Sterling Investment Advisors Ltd. now owns 5,700 shares of the asset manager’s stock valued at $120,000 after acquiring an additional 4,700 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of KKR & Co. L.P. by 48,800.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,824 shares of the asset manager’s stock valued at $165,000 after acquiring an additional 7,808 shares in the last quarter. Finally, KHP Capital LLC bought a new stake in shares of KKR & Co. L.P. during the fourth quarter valued at approximately $208,000. 64.96% of the stock is owned by institutional investors.

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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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