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 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04, Briefing.com reports. The firm 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 period last year, the company posted $0.80 EPS.

FS KKR Capital Stock Up 0.3 %

Shares of NYSE:FSK traded up $0.07 during trading on Friday, hitting $21.01. 426,294 shares of the company were exchanged, compared to its average volume of 1,410,616. FS KKR Capital has a fifty-two week low of $18.31 and a fifty-two week high of $21.14. The stock has a market cap of $5.88 billion, a price-to-earnings ratio of 9.27 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. The firm has a fifty day moving average price of $20.10 and a two-hundred day moving average price of $19.94.

FS KKR Capital Increases Dividend

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

Insider Activity

In related news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total transaction of $3,816,918.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.25% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $20.00 price objective on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.94.

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.