FS KKR Capital (NYSE:FSK) Announces Earnings Results

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

FS KKR Capital Price Performance

Shares of FSK stock traded up $0.13 during mid-day trading on Thursday, reaching $20.94. The stock had a trading volume of 2,141,431 shares, compared to its average volume of 1,415,166. The company has a market cap of $5.86 billion, a P/E ratio of 9.26 and a beta of 1.25. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $21.14. The business has a 50-day simple moving average of $20.09 and a 200 day simple moving average of $19.94.

FS KKR Capital Increases Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. This represents a yield of 12.7%. This is an increase from FS KKR Capital’s previous None dividend of $0.64. The ex-dividend date is Wednesday, December 4th. FS KKR Capital’s payout ratio is presently 113.27%.

Insider Buying and Selling

In other FS KKR Capital news, CEO Michael C. Forman sold 195,139 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

FSK has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a report on Wednesday, August 14th. Wells Fargo & Company decreased their price target on 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 issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.94.

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.