Zacks: Brokerages Expect FS KKR Capital Corp (NYSE:FSK) to Announce $0.20 EPS

Equities research analysts predict that FS KKR Capital Corp (NYSE:FSK) will post $0.20 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for FS KKR Capital’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.20. FS KKR Capital reported earnings of $0.21 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.8%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 26th.

According to Zacks, 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 financial year, analysts anticipate that the business 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 sell-side research analysts that follow FS KKR Capital.

FS KKR Capital (NYSE:FSK) last released its earnings results on Thursday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. FS KKR Capital had a net margin of 22.13% and a return on equity of 9.01%. The company had revenue of $199.00 million during the quarter, compared to analyst estimates of $193.44 million.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upgraded FS KKR Capital from a “neutral” rating to an “overweight” rating and set a $6.50 target price on the stock in a research report on Friday, August 9th. Jefferies Financial Group assumed coverage on shares of FS KKR Capital in a report on Thursday, October 10th. They issued a “buy” rating and a $8.00 price objective on the stock. Zacks Investment Research raised shares of FS KKR Capital from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Thursday, October 31st. Finally, ValuEngine upgraded shares of FS KKR Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $7.40.

Shares of FSK traded up $0.04 during mid-day trading on Wednesday, reaching $6.32. The stock had a trading volume of 82,250 shares, compared to its average volume of 2,150,392. The business has a fifty day moving average of $5.93 and a 200 day moving average of $5.92. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.26 and a current ratio of 2.26. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 2.69 and a beta of 1.15. FS KKR Capital has a 12 month low of $5.09 and a 12 month high of $6.64.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 12.03%. The ex-dividend date is Tuesday, December 17th. FS KKR Capital’s payout ratio is 89.41%.

In other FS KKR Capital news, Director Brian R. Ford bought 7,000 shares of FS KKR Capital stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of $6.05 per share, for a total transaction of $42,350.00. Following the acquisition, the director now directly owns 16,575 shares in the company, valued at $100,278.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Hagan purchased 42,100 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of $5.95 per share, with a total value of $250,495.00. Insiders have purchased a total of 78,100 shares of company stock valued at $467,605 over the last 90 days. 0.35% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of FSK. Hanson McClain Inc. purchased a new stake in shares of FS KKR Capital during the second quarter worth approximately $31,000. TCG Advisors LP acquired a new position in shares of FS KKR Capital during the second quarter worth $33,000. Barnett & Company Inc. purchased a new position in FS KKR Capital in the second quarter valued at $35,000. Assetmark Inc. acquired a new stake in FS KKR Capital in the second quarter valued at $40,000. Finally, Tower Research Capital LLC TRC acquired a new stake in FS KKR Capital in the second quarter valued at $43,000. Institutional investors and hedge funds own 28.76% of the company’s stock.

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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Earnings History and Estimates for FS KKR Capital (NYSE:FSK)

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