KKR & Co. Inc. (NYSE: KKR) Investment Analysis
- The consensus price target for NYSE:KKR is $159, indicating a positive outlook from analysts.
- Piper Sandler sets a price target of $91 for KKR.
- KKR's fee-related earnings and assets under management (AUM) are experiencing steady growth, suggesting long-term potential.
KKR & Co. Inc. (NYSE:KKR) is a leading private equity and real estate investment firm known for its diverse portfolio across various industries and regions. The firm employs a strategic investment approach, focusing on acquisitions, leveraged buyouts, and growth equity. Key sectors for KKR include technology, energy, real estate, and financial services, where it seeks to maximize returns.
The current consensus price target for KKR stands at $159, reflecting stability in analysts' expectations over the past month and quarter. This consistency suggests confidence in KKR's business model and its ability to generate returns from its diverse investment portfolio. A year ago, the consensus price target was $146.67, indicating an 8.4% increase, which highlights a more optimistic outlook from analysts.
Analysts from Piper Sandler, including Sumeet Mody, have expressed a positive outlook on KKR, suggesting it is a good time to buy the stock. KKR is currently trading at approximately 20 times the consensus estimate, with expected earnings of around $6.65 per share for the next year. Despite this, Piper Sandler has set a price target of $91.
KKR is experiencing steady growth in its fee-related earnings and assets under management (AUM). Despite short-term volatility caused by its insurance business, there is significant long-term potential in this sector. While market risks and low realizations persist, KKR's business model remains resilient, as highlighted by Piper Sandler's positive outlook but a $91 price target.
Investors should monitor KKR's ongoing investment activities and any announcements related to new acquisitions or exits, as these could impact future price targets and the overall valuation of the company. Additionally, broader market trends in private equity and real estate could also influence analysts' perspectives on KKR's stock.
| Symbol | Price | %chg |
|---|---|---|
| SRTG.JK | 1780 | 0.28 |
| 138040.KS | 113800 | 1.93 |
| BPII.JK | 585 | -0.85 |
| 088980.KS | 11600 | -0.17 |
KKR & Co. Inc. (NYSE: KKR) Surpasses Earnings Estimates in Q3 2024
- KKR reported an EPS of $1.38, beating the estimated $1.20 and showcasing a 56.8% increase from the previous year.
- The company's revenue reached approximately $1.96 billion, driven by a significant increase in total segment revenues.
- Despite a 55.6% decline in net income, KKR's AUM grew by 18%, highlighting the firm's financial resilience and growth potential.
KKR & Co. Inc. (NYSE: KKR) is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit. The company is known for its expertise in leveraged buyouts and has a strong presence in the financial industry. KKR competes with other major investment firms like Blackstone and Carlyle Group.
On October 24, 2024, KKR reported earnings per share (EPS) of $1.38, surpassing the estimated $1.20. This performance was highlighted during their Q3 2024 Earnings Conference Call, attended by key company figures and analysts from major financial institutions. The company's EPS also exceeded the Zacks Consensus Estimate of $1.18, marking a 56.8% increase from the previous year.
KKR's revenue for the quarter reached approximately $1.96 billion, exceeding the estimated $1.79 billion. This impressive revenue growth was driven by a 99.8% year-over-year increase in total segment revenues, which amounted to $1.42 billion. The company's strong performance in its capital markets business contributed to this growth, despite facing increased expenses.
The net income attributable to KKR for the quarter was $654.5 million, a 55.6% decline from the previous year. However, the company's total assets under management (AUM) showed an 18% improvement as of September 30, 2024. This growth in AUM, along with record transaction fees, played a crucial role in KKR's overall financial success.
Despite challenges posed by increased expenses, which rose by 20.3% to $415.8 million, KKR's operating income was approximately $227 million, and its EBITDA reached roughly $2.1 billion. The company's ability to exceed Wall Street expectations provides valuable insights into its underlying performance and potential future stock price movements.
KKR & Co. Inc. (NYSE: KKR) Surpasses Earnings Estimates in Q3 2024
- KKR reported an EPS of $1.38, beating the estimated $1.20 and showcasing a 56.8% increase from the previous year.
- The company's revenue reached approximately $1.96 billion, driven by a significant increase in total segment revenues.
- Despite a 55.6% decline in net income, KKR's AUM grew by 18%, highlighting the firm's financial resilience and growth potential.
KKR & Co. Inc. (NYSE: KKR) is a global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, and credit. The company is known for its expertise in leveraged buyouts and has a strong presence in the financial industry. KKR competes with other major investment firms like Blackstone and Carlyle Group.
On October 24, 2024, KKR reported earnings per share (EPS) of $1.38, surpassing the estimated $1.20. This performance was highlighted during their Q3 2024 Earnings Conference Call, attended by key company figures and analysts from major financial institutions. The company's EPS also exceeded the Zacks Consensus Estimate of $1.18, marking a 56.8% increase from the previous year.
KKR's revenue for the quarter reached approximately $1.96 billion, exceeding the estimated $1.79 billion. This impressive revenue growth was driven by a 99.8% year-over-year increase in total segment revenues, which amounted to $1.42 billion. The company's strong performance in its capital markets business contributed to this growth, despite facing increased expenses.
The net income attributable to KKR for the quarter was $654.5 million, a 55.6% decline from the previous year. However, the company's total assets under management (AUM) showed an 18% improvement as of September 30, 2024. This growth in AUM, along with record transaction fees, played a crucial role in KKR's overall financial success.
Despite challenges posed by increased expenses, which rose by 20.3% to $415.8 million, KKR's operating income was approximately $227 million, and its EBITDA reached roughly $2.1 billion. The company's ability to exceed Wall Street expectations provides valuable insights into its underlying performance and potential future stock price movements.
KKR & Co Shares Up 5% on Q4 Revenue Beat
KKR & Co. (NYSE:KKR) gained more than 5% on Tuesday after the company beat Q4 revenue expectations in tough conditions. Revenue came in at $2.53 billion, significantly better than the Street estimate of $1.44 billion. EPS was $0.09, missing the Street estimate of $0.85.
The insurance operations are performing better than anticipated (and could generate elevated earnings in the near term), while FRE continues to be solid.
Analysts at Deutsche Bank expect a mid-teens CAGR for FRE growth over the next 3 years. They remain optimistic about the company's private wealth buildout over the long term (though it remains a work in progress and requires investment).
The analysts also see the company as especially well positioned within the alternative manager sector to deploy capital across their asset classes at favorable valuations.
KKR & Co Shares Up 5% on Q4 Revenue Beat
KKR & Co. (NYSE:KKR) gained more than 5% on Tuesday after the company beat Q4 revenue expectations in tough conditions. Revenue came in at $2.53 billion, significantly better than the Street estimate of $1.44 billion. EPS was $0.09, missing the Street estimate of $0.85.
The insurance operations are performing better than anticipated (and could generate elevated earnings in the near term), while FRE continues to be solid.
Analysts at Deutsche Bank expect a mid-teens CAGR for FRE growth over the next 3 years. They remain optimistic about the company's private wealth buildout over the long term (though it remains a work in progress and requires investment).
The analysts also see the company as especially well positioned within the alternative manager sector to deploy capital across their asset classes at favorable valuations.
