Wall Street brokerages expect FS KKR Capital Corp. (NYSE:FSK – Get Rating) to post sales of $378.79 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for FS KKR Capital’s earnings, with the lowest sales estimate coming in at $374.32 million and the highest estimate coming in at $385.23 million. FS KKR Capital reported sales of $206.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 83.9%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that FS KKR Capital will report full year sales of $1.55 billion for the current year, with estimates ranging from $1.52 billion to $1.58 billion. For the next financial year, analysts anticipate that the company will report sales of $1.62 billion, with estimates ranging from $1.51 billion to $1.80 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow FS KKR Capital.
FS KKR Capital (NYSE:FSK – Get Rating) last issued its earnings results on Monday, February 28th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. FS KKR Capital had a return on equity of 8.84% and a net margin of 116.21%. The business had revenue of $364.00 million during the quarter, compared to analyst estimates of $344.46 million.
FS KKR Capital stock opened at $20.69 on Tuesday. The business has a 50-day simple moving average of $22.00 and a two-hundred day simple moving average of $21.78. The company has a market cap of $5.88 billion, a P/E ratio of 2.54 and a beta of 1.39. FS KKR Capital has a 52-week low of $19.71 and a 52-week high of $23.44. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 1.27.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Wednesday, June 15th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 13.15%. FS KKR Capital’s payout ratio is 31.00%.
In other FS KKR Capital news, Director Richard I. Goldstein purchased 2,000 shares of the company’s stock in a transaction on Wednesday, May 11th. The stock was acquired at an average cost of $21.70 per share, for a total transaction of $43,400.00. Following the purchase, the director now directly owns 28,500 shares of the company’s stock, valued at approximately $618,450. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian R. Ford purchased 2,500 shares of the company’s stock in a transaction on Wednesday, March 2nd. The stock was acquired 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. Over the last quarter, insiders have purchased 15,592 shares of company stock valued at $345,898. 0.18% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Kozak & Associates Inc. bought a new position in FS KKR Capital in the 3rd quarter worth approximately $25,000. Motco bought a new position in FS KKR Capital in the 1st quarter worth approximately $35,000. PYA Waltman Capital LLC bought a new position in FS KKR Capital in the 4th quarter worth approximately $35,000. Semmax Financial Advisors Inc. bought a new position in FS KKR Capital in the 4th quarter worth approximately $35,000. Finally, Rise Advisors LLC bought a new position in FS KKR Capital in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 41.91% of the company’s stock.
FS KKR Capital Company Profile (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.
- Get a free copy of the StockNews.com research report on FS KKR Capital (FSK)
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