KKR & Co. L.P. to Post Q3 2018 Earnings of $0.65 Per Share, Oppenheimer Forecasts (KKR)

KKR & Co. L.P. (NYSE:KKR) – Research analysts at Oppenheimer reduced their Q3 2018 EPS estimates for shares of KKR & Co. L.P. in a research note issued to investors on Sunday, April 15th. Oppenheimer analyst C. Kotowski now anticipates that the asset manager will earn $0.65 per share for the quarter, down from their previous estimate of $0.66. Oppenheimer also issued estimates for KKR & Co. L.P.’s Q4 2018 earnings at $0.66 EPS.

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KKR & Co. L.P. (NYSE:KKR) last announced its earnings results on Thursday, February 8th. The asset manager reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.04). KKR & Co. L.P. had a net margin of 30.52% and a return on equity of 9.34%. The firm had revenue of $941.64 million for the quarter, compared to analyst estimates of $367.36 million. During the same period last year, the firm earned $0.40 earnings per share. KKR & Co. L.P.’s revenue for the quarter was up 95.6% compared to the same quarter last year.

KKR has been the subject of a number of other reports. ValuEngine cut shares of KKR & Co. L.P. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 27th. Deutsche Bank raised their price objective on shares of KKR & Co. L.P. from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Bank of America raised their price objective on shares of KKR & Co. L.P. from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, March 13th. Credit Suisse Group reaffirmed an “outperform” rating and set a $31.00 price objective (up previously from $23.00) on shares of KKR & Co. L.P. in a report on Wednesday, January 10th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of KKR & Co. L.P. from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $24.64.

NYSE KKR opened at $20.72 on Tuesday. KKR & Co. L.P. has a 1-year low of $16.77 and a 1-year high of $24.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $9,896.65, a PE ratio of 8.54, a P/E/G ratio of 0.79 and a beta of 1.58.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Delek Group Ltd. bought a new position in shares of KKR & Co. L.P. during the fourth quarter worth $6,729,000. Alkeon Capital Management LLC increased its stake in KKR & Co. L.P. by 35.3% in the 4th quarter. Alkeon Capital Management LLC now owns 3,239,106 shares of the asset manager’s stock valued at $68,215,000 after buying an additional 844,754 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of KKR & Co. L.P. by 70.4% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 84,683 shares of the asset manager’s stock worth $1,783,000 after purchasing an additional 35,000 shares during the last quarter. Meitav Dash Investments Ltd. acquired a new position in shares of KKR & Co. L.P. during the 4th quarter worth about $20,100,000. Finally, Lake Street Advisors Group LLC acquired a new position in shares of KKR & Co. L.P. during the 4th quarter worth about $310,000. 68.25% of the stock is currently owned by institutional investors.

In other KKR & Co. L.P. news, major shareholder Fund Holdings L.P. Kkr sold 1,444,822 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $31.68, for a total value of $45,771,960.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Holdings L.P. Valueact acquired 450,000 shares of KKR & Co. L.P. stock in a transaction on Tuesday, February 6th. The stock was acquired at an average cost of $21.70 per share, for a total transaction of $9,765,000.00. The disclosure for this purchase can be found here.

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KKR & Co. L.P. 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, and middle market investments.

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

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