Alert: New Earnings Report (7/31/24)-KKR & Co Inc (NYSE: KKR).

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KKR & Co Inc (NYSE: KKR) has reported E.P.S. of $0.75 for its second fiscal quarter (ending June 30) versus $0.98 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $4.41 versus $1.54 for the same period a year ago.

Recent Price Action

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On 7/31/24, KKR & Co Inc (NYSE: KKR) stock enjoyed a large increase of 2.9%, closing at $123.45. Trading volume in this advance was normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.7% during the last week.

Current PriceTarget Research Rating

KKR’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

KKR has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. KKR has a neutral Appreciation Score of 48 but a very high Power Rating of 96, producing the Highest Value Trend Rating.

Rating Review

In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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