FS KKR Capital (NYSE:FSK) Releases Earnings Results, Misses Expectations By $0.01 EPS

FS KKR Capital (NYSE:FSK) announced its quarterly earnings data on Wednesday. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01), Zacks reports. The firm had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%.

FS KKR Capital Stock Up 1.9 %

Shares of FS KKR Capital stock traded up $0.43 on Friday, reaching $23.19. The stock had a trading volume of 714,419 shares, compared to its average volume of 1,297,149. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $6.50 billion, a P/E ratio of 12.33 and a beta of 1.25. The company has a 50 day moving average price of $22.54 and a 200 day moving average price of $21.20. FS KKR Capital has a 1 year low of $18.31 and a 1 year high of $24.10.

FS KKR Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 12.07%. The ex-dividend date of this dividend is Wednesday, March 19th. FS KKR Capital’s payout ratio is 136.17%.

Analyst Upgrades and Downgrades

FSK has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on FS KKR Capital from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Royal Bank of Canada raised their target price on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a “sector perform” rating in a research report on Monday, November 18th. B. Riley lowered shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price target for the company. in a report on Wednesday, December 11th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $21.00 price objective on shares of FS KKR Capital in a research note on Monday, December 2nd. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.79.

Insider Buying and Selling at FS KKR Capital

In other FS KKR Capital news, insider Brian Gerson purchased 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $22.08 per share, with a total value of $110,400.00. Following the completion of the acquisition, the insider now owns 15,109 shares in the company, valued at $333,606.72. The trade was a 49.46 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders bought a total of 11,500 shares of company stock worth $248,910 over the last three months. Corporate 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.