Shares of FS KKR Capital Corp (NYSE:FSK) have earned an average broker rating score of 3.00 (Hold) from the three analysts that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold recommendation.
Brokers have set a 12-month consensus price target of $7.00 for the company and are forecasting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned FS KKR Capital an industry rank of 102 out of 256 based on the ratings given to its competitors.
A number of equities research analysts have weighed in on FSK shares. Zacks Investment Research raised shares of FS KKR Capital from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a report on Monday, January 28th. National Securities reissued a “buy” rating and issued a $10.00 price target on shares of FS KKR Capital in a report on Monday, March 4th. ValuEngine raised shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a report on Thursday, January 31st. Finally, JPMorgan Chase & Co. started coverage on shares of FS KKR Capital in a report on Monday, March 11th. They issued a “neutral” rating for the company.
In other FS KKR Capital news, CEO Michael C. Forman purchased 12,700 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was bought at an average cost of $6.49 per share, with a total value of $82,423.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael C. Forman purchased 15,415 shares of the business’s stock in a transaction on Friday, March 1st. The stock was acquired at an average cost of $6.45 per share, with a total value of $99,426.75. The disclosure for this purchase can be found here. Insiders acquired a total of 160,425 shares of company stock valued at $999,666 over the last three months. 1.07% of the stock is owned by corporate insiders.
FSK stock opened at $6.16 on Tuesday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 7.25, a P/E/G ratio of 2.76 and a beta of 1.14. FS KKR Capital has a fifty-two week low of $5.09 and a fifty-two week high of $8.24. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.34 and a quick ratio of 1.34.
FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $195.00 million during the quarter, compared to analyst estimates of $189.38 million. FS KKR Capital had a positive return on equity of 8.26% and a negative net margin of 12.43%. On average, analysts anticipate that FS KKR Capital will post 0.74 EPS for the current fiscal year.
The firm also recently declared 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 dividend on an annualized basis and a yield of 12.34%. The ex-dividend date is Tuesday, June 18th. FS KKR Capital’s payout ratio is 89.41%.
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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