FS KKR Capital (NYSE:FSK) Announces Earnings Results

FS KKR Capital (NYSE:FSK) released its quarterly earnings results on Wednesday. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04, Briefing.com reports. The firm had revenue of $441.00 million during the quarter, compared to analysts’ expectations of $423.58 million. FS KKR Capital had a return on equity of 12.25% and a net margin of 29.98%. During the same quarter in the prior year, the business earned $0.80 EPS.

FS KKR Capital Stock Performance

Shares of FSK stock traded up $0.13 on Friday, hitting $21.07. 1,942,368 shares of the stock traded hands, compared to its average volume of 1,120,548. 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 company has a market capitalization of $5.90 billion, a PE ratio of 11.21 and a beta of 1.25. FS KKR Capital has a 1-year low of $18.31 and a 1-year high of $21.14. The company’s fifty day moving average is $20.12 and its 200 day moving average is $19.96.

FS KKR Capital Increases Dividend

The company also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be given a dividend of $0.70 per share. 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 is currently 136.17%.

Insider Activity at FS KKR Capital

In related news, CEO Michael C. Forman sold 195,139 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FSK. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company cut their target price on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Six investment 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, FS KKR Capital currently has a consensus rating of “Hold” and an average price target 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.