KKR & Co. Inc. (NYSE:KKR) shares traded higher over the last trading session, gaining 2.68% on 06/21/21. The shares fell to a low of $56.45 before closing at $57.90. Intraday shares traded counted 3.53 million, which was -34.9% lower than its 30-day average trading volume of 2.62M. KKR’s previous close was $56.39 while the outstanding shares total 576.73M. The firm has a beta of 1.40, a 12-month trailing P/E ratio of 7.20, and a growth ratio of 0.25. The stock’s Relative Strength Index (RSI) is 62.04, with weekly volatility at 2.40% and ATR at 1.19. The KKR stock’s 52-week price range has touched low of $29.24 and a $59.15 high.
Investors have identified the Asset Management company KKR & Co. Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $50.30 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
KKR & Co. Inc. (KKR) Fundamentals that are to be considered.
KKR were able to record -100.89 million as free cash flow during the 07/29/2021 quarter of the year, this saw their quarterly net cash flow reduce by 3.98 billion. In cash movements, the company had a total of -73.17 million as operating cash flow.
Potential earnings growth for KKR & Co. Inc. (KKR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/29/2021 quarter of the year, KKR & Co. Inc. recorded a total of 4.56 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 121.95% coming in sequential stages and their sales for the 07/29/2021 quarter increasing by 56.06%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 3.09 billion trying to sell their products during the last quarter, with the result yielding a gross income of 1.48 billion. This allows shareholders to hold on to 576.73M with the recently reported earning now reading 2.85 cents per share. This is a figure that compared to analyst’s prediction for their 07/29/2021 (0.75 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.48 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on KKR sounds very interesting.
Is the stock of KKR attractive?
In related news, General Counsel and Secretary, Sorkin David sold 12,546 shares of the company’s stock in a transaction that recorded on May 07. The sale was performed at an average price of 58.50, for a total value of 733,941. As the sale deal closes, the 10% Owner, KKR Group Partnership L.P. now sold 23,000,000 shares of the company’s stock, valued at 2,707,100,000. Also, 10% Owner, KKR Group Partnership L.P. bought 11,433 shares of the company’s stock in a deal that was recorded on Apr 22. The shares were price at an average price of 26.24 per share, with a total market value of 300,000. Following this completion of acquisition, the 10% Owner, KKR Group Partnership L.P. now holds 3,700,000 shares of the company’s stock, valued at 119,325,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.20%.
12 out of 17 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on KKR & Co. Inc.. 0 analysts has assigned a Sell rating on the KKR stock. The 12-month mean consensus price target for the company’s shares has been set at $65.93.