KKR & Co. Inc. (NYSE: KKR) Anticipated to Report Quarterly Gross sales of $ 594.30 Million
Inventory analysts count on KKR & Co. Inc. (NYSE: KKR) to report income of $ 594.30 million for the present fiscal quarter, in keeping with Zacks. Two analysts have made revenue estimates for KKR & Co. Inc. The decrease gross sales estimate is $ 584.10 million and the upper is $ 604.50 million. KKR & Co. Inc. recorded gross sales of $ 380.57 million in the identical quarter of final 12 months, suggesting a optimistic year-over-year development charge of 56.2%. The corporate is because of launch its subsequent earnings report on Wednesday, Could 5.
On common, analysts count on KKR & Co. Inc. to report annual income of $ 2.49 billion for the present 12 months, with estimates starting from $ 2.41 billion to $ 2.56 billion. For subsequent 12 months, analysts predict the corporate will report gross sales of $ 2.87 billion, with estimates starting from $ 2.76 billion to $ 2.98 billion. Zacks gross sales averages are a mean primarily based on a survey of sales-side analysis companies that cowl KKR & Co. Inc.
KKR & Co. Inc. (NYSE: KKR) final launched its quarterly outcomes on Sunday, February 7. The asset supervisor reported earnings per share (EPS) of $ 0.49 for the quarter, beating the consensus estimate of $ 0.41 by $ 0.08. In the identical quarter of final 12 months, the corporate made earnings per share of $ 0.44.
KKR has been the topic of a number of current analysis experiences. Morgan Stanley raised its value goal on KKR & Co. Inc. shares from $ 39.00 to $ 43.00 and gave the corporate an “equal weight” ranking in a analysis be aware on Tuesday, January 26 . Wells Fargo & Firm raised its value goal for KKR & Co. Inc. shares from $ 46.00 to $ 54.00 in a analysis be aware on Wednesday, February 10. Credit score Suisse Group raised its value goal on KKR & Co. Inc. shares from $ 45.00 to $ 47.00 and assigned the corporate a “impartial” ranking in a analysis be aware on Wednesday, February 10 . Citigroup raised its value goal on KKR & Co. Inc. shares from $ 52.50 to $ 62.50 in a analysis be aware on Wednesday, February 10. To complete, Zacks funding analysis upgraded KKR & Co. Inc. shares from a “maintain” ranking to a “robust purchase” ranking and set a value goal of $ 55.00 on the inventory in a analysis be aware on Friday 12 February. Three analysts rated the inventory with a upkeep ranking, seven gave the corporate’s inventory a purchase ranking, and two gave the corporate’s inventory a excessive purchase ranking. KKR & Co. Inc. has a “Purchase” consensus ranking and a mean value goal of $ 44.29.
Shares of KKR inventory opened at $ 48.43 on Monday. The corporate has a present ratio of 1.29, a fast ratio of 1.29, and a debt ratio of 0.97. KKR & Co. Inc. has a one-year low of $ 15.55 and a one-year excessive of $ 49.29. The corporate’s fifty-day cellular common value is $ 44.71 and its two-hundred-day cellular common value is $ 39.30. The corporate has a market cap of $ 27.93 billion, a P / E ratio of 29.71, a PEG ratio of 1.61 and a beta of 1.42.
The corporate additionally lately introduced a quarterly dividend, which was paid on Tuesday, March 9. Buyers of report on Monday, February 22, obtained a dividend of $ 0.135 per share. This represents an annualized dividend of $ 0.54 and a dividend yield of 1.12%. The ex-dividend date was Friday February 19. The payout ratio of KKR & Co. Inc. is 32.34%.
As well as, Basic Counsel David Sorkin offered 30,000 shares of KKR & Co. Inc. in a transaction dated Thursday, February 25. The shares had been offered for a mean value of $ 45.06, for a complete transaction of $ 1,351,800.00. Following the closing of the sale, the Basic Counsel now owns 30,000 shares of the corporate, valued at roughly $ 1,351,800. The sale was disclosed in a authorized file with the Securities & Alternate Fee, which may be accessed through this hyperlink. As well as, Director Robert W. Scully bought 26,000 shares of KKR & Co. Inc. in a transaction that befell on Friday, February 12. The shares had been bought at a mean value of $ 48.13 per share, for a complete worth of $ 1,251,380.00. Following the acquisition, the director now straight owns 82,979 shares of the corporate, valued at roughly $ 3,993,779.27. Disclosure of this buy may be discovered right here. Insiders personal 39.34% of the shares of the corporate.
Various hedge funds and different institutional traders have lately purchased and offered KKR shares. Norges Financial institution bought a brand new stake in KKR & Co. Inc. within the 4th quarter valued at roughly $ 201,787,000. Morgan Stanley elevated its holdings in KKR & Co. Inc. by 104.7% within the 4th quarter. Morgan Stanley now owns 4,509,086 shares of the asset supervisor’s inventory valued at $ 182,574,000 after buying a further 2,306,814 shares through the interval. BlackRock Inc. elevated its holdings in KKR & Co. Inc. by 4.7% within the 4th quarter. BlackRock Inc. now owns 32,224,080 shares of the asset supervisor’s inventory valued at $ 1,304,755,000 after buying a further 1,454,932 shares through the interval. Value T Rowe Associates Inc. MD elevated its holdings in KKR & Co. Inc. by 7.2% within the 4th quarter. Value T Rowe Associates Inc. MD now owns 19,445,849 shares of the Asset Supervisor valued at $ 787,362,000 after buying a further 1,307,316 shares through the interval. Lastly, Alkeon Capital Administration LLC elevated its holdings in KKR & Co. Inc. by 26.0% within the third quarter. Alkeon Capital Administration LLC now owns 5,420,000 shares of the asset supervisor’s inventory valued at $ 186,123,000 after buying a further 1,120,000 shares through the interval. 77.96% of the shares are held by hedge funds and different institutional traders.
KKR & Co. Inc. Firm Profile
KKR & Co Inc is a personal fairness and actual property funding firm specializing in direct investments and funds of funds. He makes a speciality of acquisitions, leveraged buyouts, administration buyouts, particular credit score conditions, development shares, mature, mezzanine, distressed, turnaround, center and decrease market investments.
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