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

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

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

FS KKR Capital stock opened at $19.47 on Monday. FS KKR Capital has a one year low of $18.31 and a one year high of $20.99. The stock has a fifty day moving average of $20.08 and a 200 day moving average of $19.73. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.26 and a current ratio of 2.26. The stock has a market cap of $5.45 billion, a PE ratio of 8.11 and a beta of 1.26.

FS KKR Capital Increases Dividend

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

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, Director Barbara Adams bought 3,381 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average price of $20.10 per share, for a total transaction of $67,958.10. Following the completion of the transaction, the director now owns 22,082 shares of the company’s stock, valued at approximately $443,848.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FSK. B. Riley restated a “buy” rating and set a $21.00 target price (up from $20.00) on shares of FS KKR Capital in a research report on Friday, May 10th. Wells Fargo & Company boosted their price objective on shares of FS KKR Capital from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods decreased their target price on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Tuesday, April 16th. 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.39.

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.