FS KKR Capital (NYSE:FSK) Issues Quarterly Earnings Results

FS KKR Capital (NYSE:FSK) released its quarterly earnings data on Wednesday. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04, Briefing.com reports. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The firm had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. During the same period in the previous year, the business posted $0.80 earnings per share.

FS KKR Capital Price Performance

NYSE:FSK traded up $0.07 during trading hours on Friday, reaching $21.01. 426,294 shares of the company were exchanged, compared to its average volume of 1,410,616. The company has a market capitalization of $5.88 billion, a P/E ratio of 9.27 and a beta of 1.25. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.34 and a quick ratio of 2.34. The business has a 50 day moving average of $20.10 and a 200 day moving average of $19.94. FS KKR Capital has a 1-year low of $18.31 and a 1-year high of $21.14.

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a $0.70 dividend. This represents a dividend yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s payout ratio is presently 113.27%.

Insider Activity

In related news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

FSK has been the subject of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company reduced their price objective on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.94.

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.