$192.84 Million in Sales Expected for FS KKR Capital Corp (NYSE:FSK) This Quarter

Equities research analysts forecast that FS KKR Capital Corp (NYSE:FSK) will announce $192.84 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for FS KKR Capital’s earnings, with the lowest sales estimate coming in at $188.27 million and the highest estimate coming in at $197.20 million. FS KKR Capital posted sales of $94.52 million during the same quarter last year, which would indicate a positive year over year growth rate of 104%. The firm is expected to report its next earnings results on Wednesday, November 6th.

On average, analysts expect that FS KKR Capital will report full year sales of $781.36 million for the current fiscal year, with estimates ranging from $771.19 million to $789.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $784.15 million, with estimates ranging from $746.11 million to $815.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for FS KKR Capital.

FS KKR Capital (NYSE:FSK) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $199.00 million during the quarter, compared to the consensus estimate of $194.84 million. FS KKR Capital had a return on equity of 8.66% and a net margin of 12.11%.

Several brokerages have recently weighed in on FSK. JPMorgan Chase & Co. upgraded FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 target price for the company in a research note on Friday, August 9th. Raymond James began coverage on FS KKR Capital in a research note on Wednesday, June 5th. They issued a “market perform” rating and a $6.01 price target for the company. ValuEngine downgraded FS KKR Capital from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 23rd. Zacks Investment Research upgraded FS KKR Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, National Securities reiterated a “buy” rating and issued a $10.00 price target on shares of FS KKR Capital in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.38.

Shares of FS KKR Capital stock traded up $0.10 during trading hours on Wednesday, hitting $5.84. 1,492,004 shares of the company’s stock traded hands, compared to its average volume of 1,807,916. The stock has a 50 day simple moving average of $5.91 and a 200-day simple moving average of $6.14. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.84. The company has a market cap of $3.02 billion, a PE ratio of 6.87, a PEG ratio of 2.54 and a beta of 1.08. FS KKR Capital has a twelve month low of $5.09 and a twelve month high of $7.74.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 18th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 13.01%. FS KKR Capital’s dividend payout ratio (DPR) is presently 89.41%.

In other news, General Counsel Stephen Sypherd bought 16,807 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average price of $5.95 per share, with a total value of $100,001.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel Pietrzak bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average cost of $5.94 per share, for a total transaction of $59,400.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 50,107 shares of company stock worth $294,452. Corporate insiders own 0.35% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Horan Securities Inc. acquired a new stake in shares of FS KKR Capital during the 2nd quarter valued at $27,000. Hanson McClain Inc. acquired a new stake in shares of FS KKR Capital during the 2nd quarter valued at $31,000. Kistler Tiffany Companies LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter valued at $31,000. Gradient Investments LLC acquired a new stake in shares of FS KKR Capital during the 2nd quarter valued at $31,000. Finally, TCG Advisors LP acquired a new stake in shares of FS KKR Capital during the 2nd quarter valued at $33,000. 29.14% of the stock is currently owned by hedge funds and other institutional investors.

About FS KKR Capital

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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