FS KKR Capital (FSK) Scheduled to Post Quarterly Earnings on Wednesday

FS KKR Capital (NYSE:FSK) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.75. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. The business had revenue of $447.00 million for the quarter, compared to analysts’ expectations of $452.39 million. During the same period in the prior year, the firm earned $0.81 EPS. On average, analysts expect FS KKR Capital to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

FS KKR Capital Trading Up 0.6 %

NYSE:FSK opened at $19.22 on Monday. FS KKR Capital has a 12-month low of $17.50 and a 12-month high of $20.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. The business has a 50 day simple moving average of $19.02 and a 200 day simple moving average of $19.66. The firm has a market capitalization of $5.38 billion, a P/E ratio of 7.72 and a beta of 1.23.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 13.32%. The ex-dividend date of this dividend was Tuesday, March 12th. FS KKR Capital’s dividend payout ratio (DPR) is 102.81%.

Analyst Ratings Changes

FSK has been the topic of a number of analyst reports. Royal Bank of Canada dropped their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 28th. Compass Point cut FS KKR Capital from a “buy” rating to a “neutral” rating and cut their price target for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Hovde Group reissued a “market perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, February 28th. Keefe, Bruyette & Woods cut their target price on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 16th. Finally, Truist Financial decreased their price target on FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, February 28th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.17.

Insider Activity

In other news, insider Daniel Pietrzak bought 7,300 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were purchased at an average cost of $18.73 per share, with a total value of $136,729.00. Following the completion of the acquisition, the insider now directly owns 39,800 shares in the company, valued at $745,454. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.22% of the company’s stock.

About FS KKR Capital

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.