Brokerages Anticipate KKR & Co. L.P. (KKR) Will Announce Quarterly Sales of $313.47 Million

Wall Street brokerages expect KKR & Co. L.P. (NYSE:KKR) to report sales of $313.47 million for the current quarter, Zacks reports. Three analysts have provided estimates for KKR & Co. L.P.’s earnings, with estimates ranging from $311.12 million to $315.30 million. KKR & Co. L.P. posted sales of $687.06 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 54.4%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, October 24th.

On average, analysts expect that KKR & Co. L.P. will report full-year sales of $313.47 million for the current year, with estimates ranging from $1.37 billion to $1.38 billion. For the next financial year, analysts expect that the company will post sales of $1.35 billion per share, with estimates ranging from $1.27 billion to $1.42 billion. Zacks’ sales averages are an average based on a survey of research firms that cover KKR & Co. L.P..

KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.26. KKR & Co. L.P. had a return on equity of 11.45% and a net margin of 42.48%. The business had revenue of $365.16 million for the quarter, compared to analyst estimates of $300.74 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share.

A number of research analysts recently weighed in on KKR shares. ValuEngine upgraded shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Zacks Investment Research upgraded shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, September 7th. Jefferies Group LLC restated a “buy” rating on shares of KKR & Co. L.P. in a research note on Friday, June 30th. Morgan Stanley lifted their target price on shares of KKR & Co. L.P. from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, Oppenheimer Holdings, Inc. lifted their target price on shares of KKR & Co. L.P. from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $21.40.

KKR & Co. L.P. (NYSE:KKR) opened at 20.20 on Tuesday. KKR & Co. L.P. has a 52 week low of $13.58 and a 52 week high of $20.64. The stock’s 50 day moving average price is $19.17 and its 200 day moving average price is $18.68. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 8.65 and a beta of 1.53.

In related news, Director Robert W. Scully purchased 55,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average price of $18.21 per share, for a total transaction of $1,001,550.00. Following the purchase, the director now directly owns 49,495 shares in the company, valued at $901,303.95. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of KKR & Co. L.P. by 464.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,128,910 shares of the asset manager’s stock worth $95,399,000 after buying an additional 4,220,481 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of KKR & Co. L.P. by 3.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 372,312 shares of the asset manager’s stock worth $6,925,000 after buying an additional 12,887 shares during the last quarter. Morgan Stanley increased its holdings in shares of KKR & Co. L.P. by 246.8% in the 1st quarter. Morgan Stanley now owns 55,751,843 shares of the asset manager’s stock worth $1,016,356,000 after buying an additional 39,675,214 shares during the last quarter. Hosking Partners LLP increased its holdings in shares of KKR & Co. L.P. by 1.7% in the 2nd quarter. Hosking Partners LLP now owns 880,088 shares of the asset manager’s stock worth $16,370,000 after buying an additional 14,319 shares during the last quarter. Finally, Quinn Opportunity Partners LLC increased its holdings in shares of KKR & Co. L.P. by 23.1% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 269,592 shares of the asset manager’s stock worth $5,014,000 after buying an additional 50,570 shares during the last quarter. Hedge funds and other institutional investors own 65.21% of the company’s stock.

WARNING: “Brokerages Anticipate KKR & Co. L.P. (KKR) Will Announce Quarterly Sales of $313.47 Million” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/brokerages-anticipate-kkr-co-l-p-kkr-will-announce-quarterly-sales-of-313-47-million.html.

KKR & Co. L.P. Company Profile

KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties.

Get a free copy of the Zacks research report on KKR & Co. L.P. (KKR)

On average, analysts expect that KKR & Co. L.P. will report full-year sales of $313.47 million for the current year, with estimates ranging from $1.37 billion to $1.38 billion. For the next financial year, analysts expect that the company will post sales of $1.35 billion per share, with estimates ranging from $1.27 billion to $1.42 billion. Zacks’ sales averages are an average based on a survey of research firms that cover KKR & Co. L.P..

KKR & Co. L.P. (NYSE:KKR) last issued its quarterly earnings results on Thursday, July 27th. The asset manager reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.26. KKR & Co. L.P. had a return on equity of 11.45% and a net margin of 42.48%. The business had revenue of $365.16 million for the quarter, compared to analyst estimates of $300.74 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share.

A number of research analysts recently weighed in on KKR shares. ValuEngine upgraded shares of KKR & Co. L.P. from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Zacks Investment Research upgraded shares of KKR & Co. L.P. from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, September 7th. Jefferies Group LLC restated a “buy” rating on shares of KKR & Co. L.P. in a research note on Friday, June 30th. Morgan Stanley lifted their target price on shares of KKR & Co. L.P. from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, Oppenheimer Holdings, Inc. lifted their target price on shares of KKR & Co. L.P. from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $21.40.

KKR & Co. L.P. (NYSE:KKR) opened at 20.20 on Tuesday. KKR & Co. L.P. has a 52 week low of $13.58 and a 52 week high of $20.64. The stock’s 50 day moving average price is $19.17 and its 200 day moving average price is $18.68. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 8.65 and a beta of 1.53.

In related news, Director Robert W. Scully purchased 55,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average price of $18.21 per share, for a total transaction of $1,001,550.00. Following the purchase, the director now directly owns 49,495 shares in the company, valued at $901,303.95. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of KKR & Co. L.P. by 464.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,128,910 shares of the asset manager’s stock worth $95,399,000 after buying an additional 4,220,481 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of KKR & Co. L.P. by 3.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 372,312 shares of the asset manager’s stock worth $6,925,000 after buying an additional 12,887 shares during the last quarter. Morgan Stanley increased its holdings in shares of KKR & Co. L.P. by 246.8% in the 1st quarter. Morgan Stanley now owns 55,751,843 shares of the asset manager’s stock worth $1,016,356,000 after buying an additional 39,675,214 shares during the last quarter. Hosking Partners LLP increased its holdings in shares of KKR & Co. L.P. by 1.7% in the 2nd quarter. Hosking Partners LLP now owns 880,088 shares of the asset manager’s stock worth $16,370,000 after buying an additional 14,319 shares during the last quarter. Finally, Quinn Opportunity Partners LLC increased its holdings in shares of KKR & Co. L.P. by 23.1% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 269,592 shares of the asset manager’s stock worth $5,014,000 after buying an additional 50,570 shares during the last quarter. Hedge funds and other institutional investors own 65.21% of the company’s stock.

WARNING: “Brokerages Anticipate KKR & Co. L.P. (KKR) Will Announce Quarterly Sales of $313.47 Million” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/brokerages-anticipate-kkr-co-l-p-kkr-will-announce-quarterly-sales-of-313-47-million.html.

KKR & Co. L.P. Company Profile

KKR & CO. L.P. (KKR) is a global investment firm that manages investments across multiple asset classes, including private equity, energy, infrastructure, real estate, credit and hedge funds. The Company’s business offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties.

Get a free copy of the Zacks research report on KKR & Co. L.P. (KKR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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