Analysts expect that FS KKR Capital Corp (NYSE:FSK) will announce $0.19 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for FS KKR Capital’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.18. FS KKR Capital also reported earnings of $0.19 per share in the same quarter last year. The firm is expected to announce its next earnings report on Thursday, August 8th.
According to Zacks, analysts expect that FS KKR Capital will report full-year earnings of $0.74 per share for the current year, with EPS estimates ranging from $0.73 to $0.76. For the next financial year, analysts anticipate that the business will report earnings of $0.77 per share, with EPS estimates ranging from $0.74 to $0.79. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for FS KKR Capital.
FS KKR Capital (NYSE:FSK) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). FS KKR Capital had a negative net margin of 12.43% and a positive return on equity of 8.26%. The firm had revenue of $195.00 million for the quarter, compared to the consensus estimate of $189.38 million.
FSK has been the topic of several analyst reports. Zacks Investment Research raised FS KKR Capital from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Monday, January 28th. National Securities reissued a “buy” rating and issued a $10.00 target price on shares of FS KKR Capital in a report on Monday, March 4th. ValuEngine raised FS KKR Capital from a “strong sell” rating to a “sell” rating in a report on Thursday, January 31st. Finally, JPMorgan Chase & Co. initiated coverage on FS KKR Capital in a report on Monday, March 11th. They issued a “neutral” rating on the stock.
FS KKR Capital stock opened at $6.15 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.34 and a current ratio of 1.34. FS KKR Capital has a 12 month low of $5.09 and a 12 month high of $8.24. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 2.74 and a beta of 1.14.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 19th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 12.36%. The ex-dividend date is Tuesday, June 18th. FS KKR Capital’s dividend payout ratio (DPR) is 89.41%.
In related news, CEO Michael C. Forman bought 12,113 shares of the company’s stock in a transaction on Monday, March 25th. The shares were acquired at an average cost of $6.07 per share, with a total value of $73,525.91. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael C. Forman purchased 49,100 shares of the stock in a transaction dated Friday, March 22nd. The shares were acquired at an average cost of $6.08 per share, for a total transaction of $298,528.00. The disclosure for this purchase can be found here. Insiders acquired 160,425 shares of company stock worth $999,666 over the last three months. Corporate insiders own 1.07% 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 seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments. It also seeks to invest in first lien senior secured loans, second lien secured loans and, to a lesser extent, subordinated loans, or mezzanine loans.
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