FS KKR Capital (FSK) Scheduled to Post Quarterly Earnings on Wednesday

FS KKR Capital (NYSE:FSK) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 net margin of 38.03% and a return on equity of 12.56%. During the same quarter last year, the firm earned $0.81 EPS. 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 Down 0.5 %

Shares of NYSE FSK opened at $19.13 on Wednesday. The company has a 50 day simple moving average of $19.07 and a 200-day simple moving average of $19.66. The company has a market capitalization of $5.36 billion, a P/E ratio of 7.68 and a beta of 1.25. 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 1 year low of $17.50 and a 1 year high of $20.99.

FS KKR Capital Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.64 per share. The ex-dividend date was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.38%. FS KKR Capital’s dividend payout ratio is currently 102.81%.

Wall Street Analysts Forecast Growth

FSK has been the subject of several research reports. Compass Point downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their target price for the company from $21.50 to $19.50 in a report on Tuesday, February 27th. Truist Financial dropped their target price on shares of FS KKR Capital from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada dropped their target price on shares of FS KKR Capital from $21.00 to $20.00 and set a “sector perform” rating for the company in a report on Wednesday, February 28th. Wells Fargo & Company lifted their target price on shares of FS KKR Capital from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, Hovde Group reiterated a “market perform” rating and issued a $20.00 target price on shares of FS KKR Capital in a report on Wednesday, February 28th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.17.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Daniel Pietrzak purchased 7,300 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average price of $18.73 per share, with a total value of $136,729.00. Following the transaction, the insider now directly owns 39,800 shares of the company’s stock, valued at approximately $745,454. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by corporate insiders.

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.