Equities research analysts expect KKR & Co Inc (NYSE:KKR) to announce $413.05 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for KKR & Co Inc’s earnings, with the highest sales estimate coming in at $416.30 million and the lowest estimate coming in at $409.80 million. KKR & Co Inc posted sales of $519.44 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 20.5%. The company is scheduled to report its next earnings report on Thursday, July 23rd.
According to Zacks, analysts expect that KKR & Co Inc will report full year sales of $1.75 billion for the current financial year. For the next fiscal year, analysts expect that the company will report sales of $2.27 billion, with estimates ranging from $2.11 billion to $2.43 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow KKR & Co Inc.
KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings results on Wednesday, May 6th. The asset manager reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. KKR & Co Inc had a return on equity of 4.37% and a net margin of 47.50%. The firm had revenue of $380.60 million during the quarter, compared to the consensus estimate of $432.47 million. During the same period last year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis.
Shares of KKR stock traded up $0.58 during mid-day trading on Monday, reaching $30.17. The stock had a trading volume of 6,631,617 shares, compared to its average volume of 4,367,876. The company has a market cap of $16.63 billion, a P/E ratio of -754.25, a price-to-earnings-growth ratio of 3.34 and a beta of 1.54. The business has a 50-day simple moving average of $28.60 and a 200 day simple moving average of $27.98. KKR & Co Inc has a 12-month low of $15.55 and a 12-month high of $34.14. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.01.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a $0.135 dividend. This is a positive change from KKR & Co Inc’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, May 15th. This represents a $0.54 annualized dividend and a yield of 1.79%. KKR & Co Inc’s dividend payout ratio (DPR) is 32.34%.
In related news, General Counsel David Sorkin sold 26,333 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $26.56, for a total transaction of $699,404.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Kkr Stream Holdings Llc sold 13,845,682 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $13.00, for a total transaction of $179,993,866.00. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. purchased a new position in KKR & Co Inc during the 4th quarter valued at about $8,923,000. Maverick Capital Ltd. lifted its holdings in shares of KKR & Co Inc by 322.8% in the first quarter. Maverick Capital Ltd. now owns 4,896,956 shares of the asset manager’s stock valued at $114,932,000 after buying an additional 3,738,800 shares during the period. FMR LLC lifted its holdings in shares of KKR & Co Inc by 24.2% in the fourth quarter. FMR LLC now owns 12,149,839 shares of the asset manager’s stock valued at $354,411,000 after buying an additional 2,366,210 shares during the period. Arbor Wealth Management LLC lifted its holdings in shares of KKR & Co Inc by 20.9% during the fourth quarter. Arbor Wealth Management LLC now owns 378,614 shares of the asset manager’s stock valued at $11,044,000 after purchasing an additional 65,434 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of KKR & Co Inc by 12.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 206,429 shares of the asset manager’s stock valued at $6,022,000 after purchasing an additional 23,208 shares during the last quarter. 77.52% of the stock is owned by hedge funds and other institutional investors.
About KKR & Co Inc
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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