Wall Street brokerages expect that FS KKR Capital Corp. (NYSE:FSK – Get Rating) will post $0.65 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for FS KKR Capital’s earnings. FS KKR Capital posted earnings of $0.74 per share in the same quarter last year, which would suggest a negative year over year growth rate of 12.2%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that FS KKR Capital will report full year earnings of $2.70 per share for the current fiscal year, with EPS estimates ranging from $2.68 to $2.73. For the next financial year, analysts forecast that the business will report earnings of $2.67 per share, with EPS estimates ranging from $2.53 to $2.88. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover FS KKR Capital.
FS KKR Capital (NYSE:FSK – Get Rating) last announced its quarterly earnings results on Monday, February 28th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.62 by $0.03. The business had revenue of $364.00 million for the quarter, compared to analyst estimates of $344.46 million. FS KKR Capital had a return on equity of 8.84% and a net margin of 116.21%.
FSK stock traded down $0.69 during trading on Friday, hitting $20.39. The company had a trading volume of 2,203,993 shares, compared to its average volume of 1,463,104. The company has a fifty day moving average price of $22.02 and a two-hundred day moving average price of $21.78. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 1.27. The company has a market cap of $5.79 billion, a P/E ratio of 2.51 and a beta of 1.39. FS KKR Capital has a fifty-two week low of $19.71 and a fifty-two week high of $23.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 5th. Shareholders of record on Wednesday, June 15th will be given a $0.68 dividend. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $2.72 annualized dividend and a yield of 13.34%. FS KKR Capital’s payout ratio is presently 31.00%.
In other news, insider Brian Gerson bought 4,642 shares of the company’s stock in a transaction dated Monday, March 14th. The stock was bought at an average price of $22.60 per share, for a total transaction of $104,909.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian R. Ford bought 2,500 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The shares were purchased at an average price of $23.12 per share, with a total value of $57,800.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 15,592 shares of company stock valued at $345,898. Corporate insiders own 0.18% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Atria Investments LLC increased its holdings in FS KKR Capital by 3.5% in the fourth quarter. Atria Investments LLC now owns 75,577 shares of the company’s stock valued at $1,583,000 after purchasing an additional 2,562 shares during the last quarter. Cassia Capital Partners LLC bought a new stake in FS KKR Capital in the third quarter valued at about $1,672,000. Mariner LLC increased its holdings in FS KKR Capital by 34.2% in the third quarter. Mariner LLC now owns 367,576 shares of the company’s stock valued at $8,101,000 after purchasing an additional 93,628 shares during the last quarter. National Asset Management Inc. increased its holdings in FS KKR Capital by 11.8% in the fourth quarter. National Asset Management Inc. now owns 78,134 shares of the company’s stock valued at $1,637,000 after purchasing an additional 8,240 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc increased its holdings in FS KKR Capital by 75.7% in the fourth quarter. Mountain Capital Investment Advisors Inc now owns 22,498 shares of the company’s stock valued at $505,000 after purchasing an additional 9,692 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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