Q2 2019 EPS Estimates for KKR & Co Inc (NYSE:KKR) Cut by Oppenheimer

KKR & Co Inc (NYSE:KKR) – Oppenheimer lowered their Q2 2019 EPS estimates for KKR & Co Inc in a note issued to investors on Tuesday, June 18th, Zacks Investment Research reports. Oppenheimer analyst C. Kotowski now anticipates that the asset manager will post earnings per share of $0.34 for the quarter, down from their prior forecast of $0.39. Oppenheimer also issued estimates for KKR & Co Inc’s FY2019 earnings at $1.69 EPS.

KKR has been the topic of several other research reports. Credit Suisse Group decreased their price objective on Athene from $67.00 to $57.00 and set an “outperform” rating on the stock in a report on Tuesday, May 21st. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Sanford C. Bernstein started coverage on Square in a report on Tuesday, April 2nd. They issued a “market perform” rating and a $80.00 price objective on the stock. Finally, Zacks Investment Research downgraded KKR & Co Inc from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $29.43.

Shares of KKR traded up $0.33 during trading hours on Friday, hitting $26.79. The company had a trading volume of 3,721,682 shares, compared to its average volume of 3,193,292. The firm has a market cap of $14.39 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 7.73 and a beta of 1.65. The company’s 50 day moving average is $24.40. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.87. KKR & Co Inc has a 52-week low of $18.30 and a 52-week high of $28.73.

KKR & Co Inc (NYSE:KKR) last released its quarterly earnings data on Tuesday, April 30th. The asset manager reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The company had revenue of $397.26 million during the quarter, compared to analysts’ expectations of $370.51 million. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS.

A number of large investors have recently made changes to their positions in the stock. Legacy Advisors LLC bought a new stake in KKR & Co Inc during the 1st quarter valued at approximately $29,000. Truvestments Capital LLC bought a new stake in KKR & Co Inc during the 1st quarter valued at approximately $49,000. Arrow Financial Corp bought a new stake in KKR & Co Inc during the 1st quarter valued at approximately $49,000. Northwestern Mutual Wealth Management Co. boosted its position in KKR & Co Inc by 29.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,212 shares of the asset manager’s stock valued at $52,000 after acquiring an additional 497 shares in the last quarter. Finally, Signaturefd LLC boosted its position in KKR & Co Inc by 1,541.3% during the 1st quarter. Signaturefd LLC now owns 2,462 shares of the asset manager’s stock valued at $58,000 after acquiring an additional 2,312 shares in the last quarter. Institutional investors own 76.45% of the company’s stock.

In other KKR & Co Inc news, major shareholder Genetic Disorder L.P. Kkr purchased 2,647,100 shares of KKR & Co Inc stock in a transaction that occurred on Monday, July 1st. The shares were bought at an average price of $17.00 per share, for a total transaction of $45,000,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel David Sorkin sold 100,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $24.15, for a total value of $2,415,000.00. Following the transaction, the general counsel now owns 107,072 shares in the company, valued at approximately $2,585,788.80. The disclosure for this sale can be found here. 39.34% of the stock is owned by insiders.

KKR & Co Inc Company Profile

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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Earnings History and Estimates for KKR & Co Inc (NYSE:KKR)

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