Wall Street brokerages expect FS KKR Capital Corp (NYSE:FSK) to announce $0.20 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for FS KKR Capital’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.20. FS KKR Capital posted earnings of $0.21 per share during the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The business is scheduled to announce its next quarterly earnings results on Wednesday, February 26th.
On average, analysts expect that FS KKR Capital will report full-year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.78 to $0.80. For the next year, analysts anticipate that the firm will post earnings of $0.80 per share, with EPS estimates ranging from $0.77 to $0.84. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow FS KKR Capital.
FSK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 price target for the company in a report on Friday, August 9th. Jefferies Financial Group initiated coverage on shares of FS KKR Capital in a report on Thursday, October 10th. They set a “buy” rating and a $8.00 price target for the company. ValuEngine upgraded shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research upgraded shares of FS KKR Capital from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $7.40.
Several institutional investors and hedge funds have recently made changes to their positions in FSK. Horan Securities Inc. acquired a new position in FS KKR Capital in the second quarter worth about $27,000. Kistler Tiffany Companies LLC acquired a new position in FS KKR Capital in the second quarter worth about $31,000. Gradient Investments LLC acquired a new position in FS KKR Capital in the second quarter worth about $31,000. Hanson McClain Inc. acquired a new position in FS KKR Capital in the second quarter worth about $31,000. Finally, TCG Advisors LP acquired a new position in FS KKR Capital in the second quarter worth about $33,000. 29.66% of the stock is owned by institutional investors and hedge funds.
FSK stock traded down $0.04 during mid-day trading on Monday, reaching $5.92. 1,454,767 shares of the stock traded hands, compared to its average volume of 1,856,550. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.87. FS KKR Capital has a 52 week low of $5.09 and a 52 week high of $6.64. The business has a 50-day moving average of $5.78 and a two-hundred day moving average of $5.93. The firm has a market capitalization of $3.00 billion, a PE ratio of 6.96, a P/E/G ratio of 2.53 and a beta of 1.11.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 12.84%. The ex-dividend date is Tuesday, December 17th. FS KKR Capital’s dividend payout ratio is currently 89.41%.
FS KKR Capital Company Profile
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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