Zacks: Analysts Anticipate KKR & Co. L.P. (KKR) to Announce $0.10 EPS

Analysts expect KKR & Co. L.P. (NYSE:KKR) to announce earnings per share (EPS) of $0.10 for the current quarter, Zacks reports. Three analysts have issued estimates for KKR & Co. L.P.’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at $0.22. KKR & Co. L.P. reported earnings of $0.65 per share during the same quarter last year, which suggests a negative year over year growth rate of 84.6%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that KKR & Co. L.P. will report full-year earnings of $1.99 per share for the current financial year, with EPS estimates ranging from $1.65 to $2.24. For the next fiscal year, analysts anticipate that the business will post earnings of $2.72 per share, with EPS estimates ranging from $2.49 to $2.99. Zacks’ earnings per share 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 issued its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.04). KKR & Co. L.P. had a return on equity of 9.34% and a net margin of 30.52%. The company had revenue of $941.64 million for the quarter, compared to analyst estimates of $367.36 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s revenue was up 95.6% on a year-over-year basis.

A number of brokerages recently commented on KKR. Credit Suisse Group restated an “outperform” rating and set a $31.00 price objective (up from $23.00) on shares of KKR & Co. L.P. in a report on Wednesday, January 10th. They noted that the move was a valuation call. Jefferies Group restated a “buy” rating and set a $26.00 price objective on shares of KKR & Co. L.P. in a report on Thursday, January 11th. ValuEngine upgraded shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Deutsche Bank dropped their price objective on shares of KKR & Co. L.P. from $23.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, April 6th. Finally, Morgan Stanley dropped their price objective on shares of KKR & Co. L.P. from $24.00 to $23.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.20.

In other news, major shareholder Fund Holdings L.P. Kkr sold 9,632,145 shares of KKR & Co. L.P. stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $31.68, for a total value of $305,146,353.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Holdings L.P. Valueact acquired 450,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average cost of $21.70 per share, with a total value of $9,765,000.00. The disclosure for this purchase can be found here.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Delek Group Ltd. bought a new position in shares of KKR & Co. L.P. in the 4th quarter valued at about $6,729,000. Alkeon Capital Management LLC grew its position in shares of KKR & Co. L.P. by 35.3% in the 4th quarter. Alkeon Capital Management LLC now owns 3,239,106 shares of the asset manager’s stock valued at $68,215,000 after acquiring an additional 844,754 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in shares of KKR & Co. L.P. by 70.4% in the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 84,683 shares of the asset manager’s stock valued at $1,783,000 after acquiring an additional 35,000 shares during the period. Meitav Dash Investments Ltd. bought a new position in shares of KKR & Co. L.P. in the 4th quarter valued at about $20,100,000. Finally, Lake Street Advisors Group LLC bought a new position in shares of KKR & Co. L.P. in the 4th quarter valued at about $310,000. 68.56% of the stock is owned by institutional investors.

Shares of NYSE:KKR opened at $21.42 on Friday. KKR & Co. L.P. has a 12 month low of $16.95 and a 12 month high of $24.50. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.08. The firm has a market cap of $10,427.26, a P/E ratio of 9.00, a P/E/G ratio of 0.86 and a beta of 1.58.

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About KKR & Co. L.P.

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.

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

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