FS KKR Capital (FSK) to Release Earnings on Wednesday

FS KKR Capital (NYSE:FSK) is scheduled to be announcing 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. Parties that wish to register for the company’s conference call can do so using this link.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.75 EPS for the quarter, meeting analysts’ consensus estimates of $0.75. The company had revenue of $447.00 million during the quarter, compared to the consensus estimate of $452.39 million. FS KKR Capital had a return on equity of 12.56% and a net margin of 38.03%. During the same period last year, the business posted $0.81 earnings per share. 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 Price Performance

Shares of NYSE:FSK opened at $19.42 on Tuesday. FS KKR Capital has a fifty-two week low of $18.31 and a fifty-two week high of $20.99. The company’s 50-day moving average is $19.00 and its 200 day moving average is $19.66. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $5.44 billion, a P/E ratio of 7.80 and a beta of 1.23.

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 given a dividend of $0.64 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $2.56 dividend on an annualized basis and a dividend yield of 13.18%. FS KKR Capital’s dividend payout ratio is presently 102.81%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Compass Point cut shares of FS KKR Capital from a “buy” rating to a “neutral” rating and dropped their price target for the company from $21.50 to $19.50 in a research note on Tuesday, February 27th. Wells Fargo & Company raised their price target on FS KKR Capital from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. JPMorgan Chase & Co. lifted their price target on FS KKR Capital from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Hovde Group reissued a “market perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, February 28th. Finally, Keefe, Bruyette & Woods reduced their target price on FS KKR Capital from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.17.

Insider Buying and Selling

In related news, insider Daniel Pietrzak acquired 7,300 shares of the stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of $18.73 per share, for a total transaction of $136,729.00. Following the transaction, the insider now owns 39,800 shares in the company, valued at approximately $745,454. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is owned by company 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.