KKR & Co. Inc. (KKR) Scheduled to Post Quarterly Earnings on Wednesday

KKR & Co. Inc. (NYSE:KKR) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.80 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

KKR & Co. Inc. (NYSE:KKR) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. KKR & Co. Inc. had a net margin of 25.74% and a return on equity of 4.21%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $995.64 million. On average, analysts expect KKR & Co. Inc. to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

KKR & Co. Inc. Trading Up 3.7 %

NYSE KKR opened at $98.00 on Wednesday. KKR & Co. Inc. has a 12 month low of $47.79 and a 12 month high of $103.48. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market capitalization of $86.73 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 0.85 and a beta of 1.61. The company’s fifty day moving average price is $97.59 and its two-hundred day moving average price is $82.71.

KKR & Co. Inc. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. KKR & Co. Inc.’s dividend payout ratio (DPR) is 16.18%.

Analysts Set New Price Targets

KKR has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of KKR & Co. Inc. from $75.00 to $82.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $104.00 price objective on shares of KKR & Co. Inc. in a research note on Thursday, April 4th. Barclays increased their price objective on shares of KKR & Co. Inc. from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. JMP Securities increased their target price on shares of KKR & Co. Inc. from $108.00 to $112.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, Wells Fargo & Company increased their target price on shares of KKR & Co. Inc. from $93.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.64.

Insider Buying and Selling

In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 13,800,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $9.87, for a total value of $136,206,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Kkr Alternative Assets Llc bought 571,429 shares of the stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $14,285,725.00. Following the purchase, the insider now owns 1,000,687 shares in the company, valued at approximately $25,017,175. The disclosure for this purchase can be found here. Corporate insiders own 39.34% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc 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.