KKR & Co. L.P. (NYSE:KKR) announced its earnings results on Thursday, October 26th. The asset manager reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.06), Bloomberg Earnings reports. The business had revenue of $356.00 million during the quarter, compared to the consensus estimate of $314.80 million. KKR & Co. L.P. had a net margin of 35.65% and a return on equity of 9.39%. The company’s revenue was up 29.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS.
Shares of KKR & Co. L.P. (KKR) traded down $0.24 during midday trading on Friday, reaching $19.26. The company’s stock had a trading volume of 1,954,700 shares, compared to its average volume of 2,413,542. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.05 and a current ratio of 1.03. The firm has a market capitalization of $9,198.04, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 0.61 and a beta of 1.54. KKR & Co. L.P. has a 12-month low of $14.07 and a 12-month high of $20.76.
The firm also recently announced a dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Monday, November 6th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, November 3rd. KKR & Co. L.P.’s payout ratio is 34.34%.
A number of equities research analysts have recently issued reports on the stock. ValuEngine cut shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 8th. BidaskClub cut shares of KKR & Co. L.P. from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Zacks Investment Research cut shares of KKR & Co. L.P. from a “buy” rating to a “sell” rating in a research report on Wednesday, October 11th. Morgan Stanley upped their price objective on shares of KKR & Co. L.P. from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Finally, Goldman Sachs Group, Inc. (The) raised shares of KKR & Co. L.P. from a “neutral” rating to a “buy” rating in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. KKR & Co. L.P. presently has an average rating of “Buy” and an average target price of $21.80.
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In other KKR & Co. L.P. news, Director Robert W. Scully bought 55,000 shares of the stock in a transaction on Thursday, August 17th. The stock was purchased at an average price of $18.21 per share, with a total value of $1,001,550.00. Following the completion of the purchase, the director now owns 49,495 shares in the company, valued at $901,303.95. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
About KKR & Co. L.P.
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.
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