FS KKR Capital (NYSE:FSK) Releases Earnings Results, Beats Expectations By $0.04 EPS

FS KKR Capital (NYSE:FSK) posted its quarterly earnings data on Wednesday. The company reported $0.74 earnings per share for the quarter, beating 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 business had revenue of $441.00 million during the quarter, compared to analyst estimates of $423.58 million. During the same quarter in the previous year, the business posted $0.80 earnings per share.

FS KKR Capital Trading Up 0.6 %

FSK stock traded up $0.13 during trading on Thursday, reaching $20.94. 2,141,431 shares of the stock traded hands, compared to its average volume of 1,415,166. The firm has a market capitalization of $5.86 billion, a PE ratio of 9.26 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’s 50 day moving average price is $20.09 and its 200-day moving average price is $19.94. FS KKR Capital has a 52-week low of $18.31 and a 52-week high of $21.14.

FS KKR Capital Increases Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a $0.70 dividend. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio (DPR) is 113.27%.

Insider Activity

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

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

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.