KKR & Co Inc Class A (KKR) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

KKR & Co Inc Class A (NYSE:KKR) released its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03, Bloomberg Earnings reports. KKR & Co Inc Class A had a net margin of 39.10% and a return on equity of 7.34%. The company had revenue of $398.00 million during the quarter, compared to the consensus estimate of $391.74 million. During the same period last year, the firm earned $0.81 EPS. KKR & Co Inc Class A’s revenue for the quarter was up 4.2% on a year-over-year basis.

NYSE:KKR opened at $25.73 on Friday. KKR & Co Inc Class A has a one year low of $17.96 and a one year high of $27.95. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $13.77 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.67.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 21st. Stockholders of record on Monday, August 6th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, August 3rd. KKR & Co Inc Class A’s payout ratio is 28.57%.

In related news, major shareholder Fund Holdings L.P. Kkr sold 11,452,321 shares of the business’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $38.26, for a total transaction of $438,165,801.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Kkr Credit Advisors (Us) Llc sold 2,437,424 shares of the business’s stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $73.96, for a total transaction of $180,271,879.04. The disclosure for this sale can be found here. Insiders have sold 17,662,644 shares of company stock worth $713,884,917 in the last three months.

Several analysts have issued reports on the stock. Citigroup increased their target price on shares of KKR & Co Inc Class A from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Keefe, Bruyette & Woods restated a “buy” rating and set a $35.00 price objective on shares of KKR & Co Inc Class A in a research report on Friday, July 27th. Jefferies Financial Group restated a “buy” rating and set a $32.00 price objective on shares of KKR & Co Inc Class A in a research report on Friday, July 27th. Oppenheimer set a $35.00 price objective on shares of KKR & Co Inc Class A and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, Zacks Investment Research cut shares of KKR & Co Inc Class A from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. KKR & Co Inc Class A currently has a consensus rating of “Buy” and a consensus target price of $29.75.

About KKR & Co Inc Class A

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 for KKR & Co Inc Class A (NYSE:KKR)

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