FS KKR Capital (FSK) Scheduled to Post Earnings on Tuesday

FS KKR Capital (NYSE:FSK) will be announcing its earnings results after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.02. FS KKR Capital had a return on equity of 12.42% and a net margin of 37.06%. The firm had revenue of $434.00 million during the quarter, compared to analysts’ expectations of $429.46 million. 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 Down 3.0 %

FS KKR Capital stock opened at $19.47 on Monday. The stock has a 50-day moving average price of $20.08 and a 200 day moving average price of $19.73. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 8.11 and a beta of 1.26. FS KKR Capital has a 52 week low of $18.31 and a 52 week high of $20.99. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.16.

FS KKR Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Wednesday, June 12th were issued a $0.70 dividend. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.64. This represents a $2.80 annualized dividend and a dividend yield of 14.38%. The ex-dividend date was Wednesday, June 12th. FS KKR Capital’s dividend payout ratio is 106.67%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FSK shares. Keefe, Bruyette & Woods reduced their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, April 16th. Wells Fargo & Company boosted their price objective on FS KKR Capital from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, July 26th. B. Riley reiterated a “buy” rating and set a $21.00 price target (up from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Finally, JPMorgan Chase & Co. boosted their price target on FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.39.

Insider Transactions at FS KKR Capital

In related news, Director Barbara Adams purchased 3,381 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were purchased at an average price of $20.10 per share, with a total value of $67,958.10. Following the purchase, the director now owns 22,082 shares of the company’s stock, valued at $443,848.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.25% 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.