FS KKR Capital (NYSE:FSK) Announces Earnings Results, Beats Expectations By $0.04 EPS

FS KKR Capital (NYSE:FSK) announced its earnings results on Wednesday. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04, Briefing.com reports. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The firm had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same quarter last year, the business earned $0.80 earnings per share.

FS KKR Capital Trading Up 0.7 %

Shares of FSK stock traded up $0.15 during mid-day trading on Thursday, reaching $20.96. The company’s stock had a trading volume of 1,670,213 shares, compared to its average volume of 1,412,858. The company’s 50 day simple moving average is $20.09 and its 200-day simple moving average is $19.94. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $21.14. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $5.87 billion, a PE ratio of 9.26 and a beta of 1.25.

FS KKR Capital Increases Dividend

The firm also recently announced a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be paid a $0.70 dividend. This represents a dividend yield of 12.7%. The ex-dividend date is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. FS KKR Capital’s dividend payout ratio (DPR) is currently 113.27%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FSK shares. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 target price on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company cut their price target on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.94.

Insider Activity

In other news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

FS KKR Capital Company Profile

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.