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

FS KKR Capital (NYSE:FSK) announced its quarterly earnings results on Wednesday. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.70 by $0.04, Briefing.com reports. FS KKR Capital had a return on equity of 12.25% and a net margin of 29.98%. The business had revenue of $441.00 million for the quarter, compared to analyst estimates of $423.58 million. During the same quarter in the previous year, the firm earned $0.80 EPS.

FS KKR Capital Trading Up 0.6 %

Shares of FS KKR Capital stock traded up $0.13 on Friday, hitting $21.07. The stock had a trading volume of 1,942,368 shares, compared to its average volume of 1,120,548. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 1.19. FS KKR Capital has a one year low of $18.31 and a one year high of $21.14. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 11.21 and a beta of 1.25. The stock’s 50-day simple moving average is $20.12 and its two-hundred day simple moving average is $19.96.

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This is an increase from FS KKR Capital’s previous None dividend of $0.64. This represents a dividend yield of 12.7%. FS KKR Capital’s dividend payout ratio (DPR) is 136.17%.

Analyst Upgrades and Downgrades

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

Insider Transactions at FS KKR Capital

In other 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 legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.25% of the company’s stock.

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.