FS KKR Capital (FSK) to Release Earnings on Wednesday

FS KKR Capital (NYSE:FSK) is scheduled to issue 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same period in the prior year, the company earned $0.81 earnings per share. 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 Stock Performance

Shares of FS KKR Capital stock opened at $19.22 on Monday. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 7.72 and a beta of 1.23. The firm’s fifty day simple moving average is $19.02 and its 200-day simple moving average is $19.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.88 and a quick ratio of 1.88. FS KKR Capital has a 12 month low of $17.50 and a 12 month high of $20.99.

FS KKR Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Wednesday, March 13th were paid a $0.64 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a yield of 13.32%. FS KKR Capital’s dividend payout ratio is presently 102.81%.

Insiders Place Their Bets

In related news, insider Daniel Pietrzak purchased 7,300 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the acquisition, the insider now directly owns 39,800 shares of the company’s stock, valued at approximately $745,454. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FSK shares. Hovde Group reissued a “market perform” rating and set a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, February 28th. JPMorgan Chase & Co. boosted their target price on FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Truist Financial cut 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. Keefe, Bruyette & Woods lowered their price objective on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 16th. Finally, Compass Point downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $21.50 to $19.50 in a research report on Tuesday, February 27th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $20.17.

FS KKR Capital Company Profile

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.