Equities Analysts Offer Predictions for KKR & Co. L.P.’s Q1 2018 Earnings (KKR)

KKR & Co. L.P. (NYSE:KKR) – Equities research analysts at Jefferies Group decreased their Q1 2018 earnings per share estimates for KKR & Co. L.P. in a note issued to investors on Wednesday, April 11th. Jefferies Group analyst G. O’hara now expects that the asset manager will post earnings per share of $0.16 for the quarter, down from their previous estimate of $0.59. Jefferies Group has a “Buy” rating and a $26.00 price target on the stock. Jefferies Group also issued estimates for KKR & Co. L.P.’s Q2 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $1.94 EPS and FY2019 earnings at $2.49 EPS.

Several other equities research analysts have also commented on KKR. Zacks Investment Research lowered KKR & Co. L.P. from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine lowered KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 27th. Deutsche Bank cut their target price on KKR & Co. L.P. from $23.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, April 6th. Morgan Stanley cut their target price on KKR & Co. L.P. from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Sandler O’Neill set a $22.00 target price on KKR & Co. L.P. and gave the company a “hold” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. KKR & Co. L.P. currently has an average rating of “Hold” and an average target price of $24.64.



Shares of KKR & Co. L.P. stock opened at $20.33 on Friday. KKR & Co. L.P. has a one year low of $16.77 and a one year high of $24.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $9,847.97, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 0.66 and a beta of 1.58.

KKR & Co. L.P. (NYSE:KKR) last announced its earnings results on Thursday, February 8th. The asset manager reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). KKR & Co. L.P. had a net margin of 30.52% and a return on equity of 9.34%. The business had revenue of $941.64 million for the quarter, compared to the consensus estimate of $367.36 million. During the same quarter in the previous year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up 95.6% on a year-over-year basis.

Several hedge funds have recently bought and sold shares of the company. ValueAct Holdings L.P. lifted its holdings in shares of KKR & Co. L.P. by 4.8% in the fourth quarter. ValueAct Holdings L.P. now owns 47,750,000 shares of the asset manager’s stock valued at $1,005,615,000 after purchasing an additional 2,194,084 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of KKR & Co. L.P. by 25.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,914,922 shares of the asset manager’s stock valued at $82,448,000 after purchasing an additional 801,196 shares in the last quarter. Alkeon Capital Management LLC lifted its holdings in shares of KKR & Co. L.P. by 35.3% in the fourth quarter. Alkeon Capital Management LLC now owns 3,239,106 shares of the asset manager’s stock valued at $68,215,000 after purchasing an additional 844,754 shares in the last quarter. Davis Selected Advisers lifted its holdings in shares of KKR & Co. L.P. by 0.4% in the third quarter. Davis Selected Advisers now owns 2,326,754 shares of the asset manager’s stock valued at $47,303,000 after purchasing an additional 9,490 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in shares of KKR & Co. L.P. by 592.5% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 2,258,118 shares of the asset manager’s stock valued at $47,556,000 after purchasing an additional 1,932,051 shares in the last quarter. Institutional investors own 68.25% of the company’s stock.

In other news, major shareholder Fund Holdings L.P. Kkr sold 9,632,145 shares of the firm’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $31.68, for a total value of $305,146,353.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Holdings L.P. Valueact bought 450,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $21.70 per share, for a total transaction of $9,765,000.00. The disclosure for this purchase can be found here.

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KKR & Co. L.P. Company Profile

KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, and middle market investments.

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

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