Wall Street brokerages expect that KKR & Co Inc (NYSE:KKR) will post $440.13 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for KKR & Co Inc’s earnings. The highest sales estimate is $465.30 million and the lowest is $407.10 million. KKR & Co Inc reported sales of $491.50 million in the same quarter last year, which suggests a negative year-over-year growth rate of 10.5%. The firm is expected to report its next earnings results before the market opens on Tuesday, October 29th.
On average, analysts expect that KKR & Co Inc will report full-year sales of $1.77 billion for the current year, with estimates ranging from $1.64 billion to $1.92 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.97 billion, with estimates ranging from $1.83 billion to $2.21 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for KKR & Co Inc.
KKR & Co Inc (NYSE:KKR) last announced its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $528.00 million for the quarter, compared to analyst estimates of $445.34 million. KKR & Co Inc’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share.
In related news, General Counsel David Sorkin sold 100,000 shares of KKR & Co Inc stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.19, for a total transaction of $2,619,000.00. Following the sale, the general counsel now directly owns 73,528 shares in the company, valued at $1,925,698.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Fund Holdings L.P. Kkr sold 9,149,908 shares of KKR & Co Inc stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $30.52, for a total value of $279,255,192.16. The disclosure for this sale can be found here. Corporate insiders own 39.34% of the company’s stock.
Several institutional investors have recently made changes to their positions in KKR. Whittier Trust Co. of Nevada Inc. bought a new stake in KKR & Co Inc in the third quarter valued at $30,000. Tuttle Tactical Management increased its holdings in shares of KKR & Co Inc by 84.9% in the third quarter. Tuttle Tactical Management now owns 121,226 shares of the asset manager’s stock worth $3,132,000 after acquiring an additional 55,653 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of KKR & Co Inc by 26.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 103,611 shares of the asset manager’s stock worth $2,782,000 after buying an additional 21,568 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of KKR & Co Inc by 59.4% during the third quarter. Envestnet Asset Management Inc. now owns 183,221 shares of the asset manager’s stock worth $4,919,000 after buying an additional 68,276 shares in the last quarter. Finally, First Midwest Bank Trust Division grew its stake in KKR & Co Inc by 17.8% in the third quarter. First Midwest Bank Trust Division now owns 13,244 shares of the asset manager’s stock valued at $356,000 after purchasing an additional 1,999 shares in the last quarter. Institutional investors and hedge funds own 76.79% of the company’s stock.
KKR traded up $0.17 during trading on Monday, hitting $27.45. The stock had a trading volume of 1,766,113 shares, compared to its average volume of 3,046,626. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $14.88 billion, a P/E ratio of 14.22, a PEG ratio of 7.95 and a beta of 1.66. The company’s 50-day moving average price is $27.05 and its 200 day moving average price is $25.24. KKR & Co Inc has a twelve month low of $18.30 and a twelve month high of $29.95.
KKR & Co Inc 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, lower middle market and middle market investments.
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