Analysts Expect FS KKR Capital Corp (NYSE:FSK) to Announce $0.84 Earnings Per Share

Equities analysts expect FS KKR Capital Corp (NYSE:FSK) to report earnings per share (EPS) of $0.84 for the current quarter, according to Zacks. Three analysts have provided estimates for FS KKR Capital’s earnings, with estimates ranging from $0.80 to $0.88. FS KKR Capital posted earnings of $0.76 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.5%. The business is expected to report its next earnings report on Wednesday, August 5th.

According to Zacks, analysts expect that FS KKR Capital will report full-year earnings of $2.64 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.77. For the next fiscal year, analysts expect that the business will report earnings of $2.56 per share, with EPS estimates ranging from $2.32 to $2.79. Zacks’ EPS calculations are an average based on a survey of research firms that follow FS KKR Capital.

FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, May 6th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The business had revenue of $179.00 million for the quarter, compared to analyst estimates of $189.00 million. FS KKR Capital had a positive return on equity of 11.16% and a negative net margin of 73.13%.

A number of research analysts recently weighed in on the company. Raymond James raised FS KKR Capital from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a report on Wednesday, June 24th. TheStreet lowered FS KKR Capital from a “c-” rating to a “d+” rating in a report on Friday, May 8th. Zacks Investment Research lowered FS KKR Capital from a “hold” rating to a “sell” rating in a report on Wednesday, June 17th. Wells Fargo & Co began coverage on FS KKR Capital in a report on Thursday, June 18th. They issued an “underweight” rating and a $14.00 price objective on the stock. Finally, ValuEngine raised FS KKR Capital from a “sell” rating to a “hold” rating in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.83.

In other news, Director Todd C. Builione sold 12,500 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $3.74, for a total transaction of $46,750.00. Following the completion of the sale, the director now directly owns 25,000 shares in the company, valued at approximately $93,500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman sold 445,359 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $3.64, for a total value of $1,621,106.76. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 14,000 shares of company stock valued at $45,320 and have sold 588,515 shares valued at $2,153,826. Corporate insiders own 0.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in FSK. Efficient Wealth Management LLC bought a new stake in shares of FS KKR Capital during the 1st quarter worth $29,000. Cypress Wealth Services LLC bought a new stake in shares of FS KKR Capital during the 1st quarter worth $31,000. Engineers Gate Manager LP bought a new stake in shares of FS KKR Capital during the 1st quarter worth $33,000. Tudor Investment Corp Et Al bought a new stake in shares of FS KKR Capital during the 1st quarter worth $35,000. Finally, Successful Portfolios LLC bought a new stake in shares of FS KKR Capital during the 1st quarter worth $37,000. Hedge funds and other institutional investors own 32.51% of the company’s stock.

Shares of FSK stock traded up $0.12 during trading on Friday, reaching $13.99. 29,957 shares of the company’s stock were exchanged, compared to its average volume of 1,217,374. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $1.72 billion, a PE ratio of -3.10 and a beta of 1.50. FS KKR Capital has a twelve month low of $7.60 and a twelve month high of $25.52. The firm’s fifty day moving average price is $14.60 and its 200-day moving average price is $18.65.

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 8th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 17.16%. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, June 5th. FS KKR Capital’s dividend payout ratio is presently 18.75%.

FS KKR Capital Company Profile

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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