FS KKR Capital Corp (NYSE:FSK) Expected to Post Earnings of $0.20 Per Share

Wall Street brokerages expect that FS KKR Capital Corp (NYSE:FSK) will report earnings per share of $0.20 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for FS KKR Capital’s earnings, with estimates ranging from $0.19 to $0.20. FS KKR Capital reported earnings per share of $0.21 in the same quarter last year, which would suggest a negative year over year growth rate of 4.8%. The company is expected to report its next earnings report on Wednesday, February 26th.

On average, analysts expect that FS KKR Capital will report full-year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.78 to $0.80. For the next year, analysts anticipate that the company will post earnings of $0.80 per share, with EPS estimates ranging from $0.77 to $0.84. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover FS KKR Capital.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $199.00 million during the quarter, compared to analyst estimates of $193.44 million. FS KKR Capital had a net margin of 22.13% and a return on equity of 9.01%.

FSK has been the subject of a number of research reports. ValuEngine upgraded shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th. Jefferies Financial Group started coverage on shares of FS KKR Capital in a research report on Thursday, October 10th. They issued a “buy” rating and a $8.00 price target on the stock. Finally, Zacks Investment Research raised FS KKR Capital from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $7.40.

Shares of NYSE FSK traded down $0.01 during midday trading on Wednesday, reaching $6.29. The company’s stock had a trading volume of 2,157,900 shares, compared to its average volume of 1,884,570. FS KKR Capital has a one year low of $5.09 and a one year high of $6.64. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 2.67 and a beta of 1.15. The company has a 50 day moving average price of $5.96 and a 200 day moving average price of $5.92. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.87.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be given a $0.19 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 12.08%. FS KKR Capital’s dividend payout ratio (DPR) is 89.41%.

In other news, Director Brian R. Ford acquired 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of $6.05 per share, with a total value of $42,350.00. Following the purchase, the director now owns 16,575 shares of the company’s stock, valued at approximately $100,278.75. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian Gerson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of $6.01 per share, with a total value of $60,100.00. Following the purchase, the insider now directly owns 70,000 shares in the company, valued at approximately $420,700. The disclosure for this purchase can be found here. Insiders purchased a total of 36,000 shares of company stock valued at $217,110 in the last quarter. 0.35% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Hanson McClain Inc. acquired a new stake in shares of FS KKR Capital in the second quarter worth $31,000. TCG Advisors LP purchased a new position in shares of FS KKR Capital during the second quarter valued at $33,000. Barnett & Company Inc. acquired a new position in FS KKR Capital during the second quarter valued at $35,000. Assetmark Inc. acquired a new position in FS KKR Capital during the second quarter valued at $40,000. Finally, Fulcrum Equity Management purchased a new stake in FS KKR Capital in the 3rd quarter worth about $42,000. 28.75% of the stock is currently owned by institutional investors.

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.

See Also: Cost of Goods Sold (COGS)

Get a free copy of the Zacks research report on FS KKR Capital (FSK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for FS KKR Capital (NYSE:FSK)

Receive News & Ratings for FS KKR Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FS KKR Capital and related companies with MarketBeat.com's FREE daily email newsletter.