FS KKR Capital Corp. (NYSE:FSK) Expected to Announce Earnings of $0.64 Per Share

Analysts expect that FS KKR Capital Corp. (NYSE:FSKGet Rating) will report $0.64 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for FS KKR Capital’s earnings. FS KKR Capital posted earnings per share of $0.63 during the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The company is scheduled to issue its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that FS KKR Capital will report full-year earnings of $2.58 per share for the current fiscal year, with EPS estimates ranging from $2.54 to $2.63. For the next financial year, analysts anticipate that the business will report earnings of $2.57 per share, with EPS estimates ranging from $2.47 to $2.70. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for FS KKR Capital.

FS KKR Capital (NYSE:FSKGet Rating) last issued its quarterly earnings results on Monday, February 28th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The firm had revenue of $364.00 million for the quarter, compared to the consensus estimate of $344.46 million. FS KKR Capital had a net margin of 140.15% and a return on equity of 8.43%.

Several research analysts have weighed in on FSK shares. Zacks Investment Research upgraded shares of FS KKR Capital from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, March 3rd. Wells Fargo & Company reduced their price target on shares of FS KKR Capital from $21.50 to $21.00 and set an “equal weight” rating for the company in a research report on Monday, April 25th.

FS KKR Capital stock opened at $20.95 on Monday. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.18. The firm’s fifty day moving average is $22.41 and its 200 day moving average is $21.90. FS KKR Capital has a 12-month low of $19.71 and a 12-month high of $23.44. The company has a market capitalization of $5.96 billion, a PE ratio of 2.34 and a beta of 1.44.

The business also recently declared a quarterly dividend, which was paid on Monday, April 4th. Investors of record on Wednesday, March 16th were given a $0.63 dividend. The ex-dividend date was Tuesday, March 15th. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.62. This represents a $2.52 dividend on an annualized basis and a yield of 12.03%. FS KKR Capital’s dividend payout ratio (DPR) is currently 28.16%.

In other FS KKR Capital news, Director Brian R. Ford purchased 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The shares were acquired at an average price of $23.12 per share, with a total value of $57,800.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian Gerson bought 4,642 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The shares were purchased at an average cost of $22.60 per share, for a total transaction of $104,909.20. The disclosure for this purchase can be found here. In the last three months, insiders acquired 7,592 shares of company stock valued at $172,528. Corporate insiders own 0.18% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Investment House LLC increased its holdings in shares of FS KKR Capital by 3.4% in the 1st quarter. Investment House LLC now owns 15,119 shares of the company’s stock valued at $345,000 after acquiring an additional 500 shares during the last quarter. O Dell Group LLC increased its holdings in shares of FS KKR Capital by 4.7% in the 4th quarter. O Dell Group LLC now owns 11,277 shares of the company’s stock valued at $236,000 after acquiring an additional 509 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of FS KKR Capital by 3.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,926 shares of the company’s stock valued at $313,000 after acquiring an additional 534 shares during the last quarter. Virtus ETF Advisers LLC grew its stake in FS KKR Capital by 1.4% during the 4th quarter. Virtus ETF Advisers LLC now owns 40,898 shares of the company’s stock worth $856,000 after buying an additional 559 shares during the last quarter. Finally, CFO4Life Group LLC grew its stake in FS KKR Capital by 2.3% during the 4th quarter. CFO4Life Group LLC now owns 24,837 shares of the company’s stock worth $520,000 after buying an additional 569 shares during the last quarter. Institutional investors own 41.91% of the company’s stock.

About FS KKR Capital (Get Rating)

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments.

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

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