Wall Street brokerages expect FS KKR Capital Corp (NYSE:FSK) to report sales of $192.84 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for FS KKR Capital’s earnings, with the lowest sales estimate coming in at $188.27 million and the highest estimate coming in at $197.20 million. FS KKR Capital posted sales of $94.52 million during the same quarter last year, which would indicate a positive year over year growth rate of 104%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 6th.
On average, analysts expect that FS KKR Capital will report full-year sales of $781.36 million for the current fiscal year, with estimates ranging from $771.19 million to $789.00 million. For the next financial year, analysts anticipate that the firm will report sales of $784.15 million, with estimates ranging from $746.11 million to $815.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for FS KKR Capital.
FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $199.00 million during the quarter, compared to analysts’ expectations of $194.84 million. FS KKR Capital had a return on equity of 8.66% and a net margin of 12.11%.
In other news, insider Daniel Pietrzak bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were acquired at an average price of $5.94 per share, for a total transaction of $59,400.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard I. Goldstein bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was purchased at an average price of $5.99 per share, for a total transaction of $29,950.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 50,107 shares of company stock worth $294,452. Company insiders own 0.35% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Horan Securities Inc. purchased a new position in FS KKR Capital during the second quarter worth approximately $27,000. Hanson McClain Inc. purchased a new position in FS KKR Capital during the second quarter worth approximately $31,000. Kistler Tiffany Companies LLC purchased a new stake in FS KKR Capital in the second quarter valued at $31,000. Gradient Investments LLC purchased a new stake in FS KKR Capital in the second quarter valued at $31,000. Finally, TCG Advisors LP purchased a new stake in FS KKR Capital in the second quarter valued at $33,000. Hedge funds and other institutional investors own 29.14% of the company’s stock.
FS KKR Capital stock traded up $0.10 during midday trading on Wednesday, hitting $5.84. 1,492,004 shares of the company were exchanged, compared to its average volume of 1,807,916. The firm has a market capitalization of $3.02 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 2.54 and a beta of 1.08. FS KKR Capital has a fifty-two week low of $5.09 and a fifty-two week high of $7.74. The business has a fifty day simple moving average of $5.91 and a two-hundred day simple moving average of $6.14. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.25 and a current ratio of 2.25.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 13.01%. The ex-dividend date of this dividend is Tuesday, September 17th. FS KKR Capital’s payout ratio is currently 89.41%.
About FS KKR Capital
FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
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