Analysts Set Expectations for FS KKR Capital Corp.’s FY2024 Earnings (NYSE:FSK)

FS KKR Capital Corp. (NYSE:FSKGet Rating) – Research analysts at Jefferies Financial Group issued their FY2024 earnings per share (EPS) estimates for FS KKR Capital in a note issued to investors on Tuesday, November 8th. Jefferies Financial Group analyst J. Hecht anticipates that the company will post earnings of $3.09 per share for the year. The consensus estimate for FS KKR Capital’s current full-year earnings is $2.87 per share.

A number of other equities analysts have also weighed in on the company. Compass Point dropped their price objective on FS KKR Capital to $24.00 in a research note on Monday, August 15th. Hovde Group reduced their price target on FS KKR Capital to $21.00 in a report on Wednesday, October 5th. Wells Fargo & Company increased their price target on FS KKR Capital from $18.00 to $18.50 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Royal Bank of Canada reduced their price objective on FS KKR Capital from $23.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday.

FS KKR Capital Stock Performance

NYSE:FSK opened at $19.68 on Friday. The stock has a 50-day simple moving average of $18.99 and a two-hundred day simple moving average of $20.29. FS KKR Capital has a 52-week low of $16.70 and a 52-week high of $23.44. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.49 and a current ratio of 2.11. The firm has a market capitalization of $5.57 billion, a PE ratio of 27.33 and a beta of 1.38.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in FS KKR Capital by 129,200.0% in the second quarter. Assetmark Inc. now owns 1,293 shares of the company’s stock valued at $25,000 after buying an additional 1,292 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new position in shares of FS KKR Capital during the third quarter worth about $27,000. Charter Oak Capital Management LLC purchased a new position in shares of FS KKR Capital during the second quarter worth about $28,000. Motco purchased a new position in shares of FS KKR Capital during the first quarter worth about $35,000. Finally, SJS Investment Consulting Inc. purchased a new position in shares of FS KKR Capital during the third quarter worth about $38,000. 35.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FS KKR Capital

In other news, insider Daniel Pietrzak bought 6,000 shares of FS KKR Capital stock in a transaction on Wednesday, November 9th. The stock was acquired at an average price of $18.76 per share, with a total value of $112,560.00. Following the completion of the acquisition, the insider now directly owns 27,500 shares of the company’s stock, valued at $515,900. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought 8,625 shares of company stock valued at $165,940 over the last quarter. 0.20% of the stock is currently owned by insiders.

FS KKR Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Wednesday, December 14th will be issued a $0.68 dividend. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, December 13th. This represents a $2.72 dividend on an annualized basis and a yield of 13.82%. FS KKR Capital’s dividend payout ratio is presently 338.89%.

FS KKR Capital Company Profile

(Get Rating)

FS KKR Capital Corp investment company located in US with an EBITDA of $25 to $100 million. The fund focus on Broad range of sectors. It participates in debt and buyout capital transactions.

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

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