Zacks: Analysts Anticipate FS KKR Capital Corp (NYSE:FSK) Will Post Quarterly Sales of $147.25 Million

Brokerages expect that FS KKR Capital Corp (NYSE:FSK) will announce sales of $147.25 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for FS KKR Capital’s earnings. The lowest sales estimate is $144.33 million and the highest is $152.82 million. FS KKR Capital posted sales of $199.00 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 26%. The business is scheduled to report its next earnings results on Thursday, November 5th.

According to Zacks, analysts expect that FS KKR Capital will report full-year sales of $624.69 million for the current financial year, with estimates ranging from $619.16 million to $633.54 million. For the next financial year, analysts anticipate that the company will post sales of $607.59 million, with estimates ranging from $591.33 million to $624.13 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover FS KKR Capital.

FS KKR Capital (NYSE:FSK) last released its earnings results on Monday, August 10th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). FS KKR Capital had a negative net margin of 100.00% and a positive return on equity of 11.44%. The firm had revenue of $150.00 million during the quarter, compared to analysts’ expectations of $157.21 million.

Several research firms have commented on FSK. Janney Montgomery Scott assumed coverage on shares of FS KKR Capital in a research note on Friday, July 31st. They issued a “hold” rating and a $17.00 target price for the company. Wells Fargo & Company upped their price target on FS KKR Capital from $14.00 to $15.50 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. lowered shares of FS KKR Capital from an “overweight” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Monday, August 3rd. They noted that the move was a valuation call. Compass Point downgraded shares of FS KKR Capital from a “buy” rating to a “neutral” rating and set a $16.50 price target on the stock. in a research note on Tuesday, August 11th. Finally, Truist started coverage on shares of FS KKR Capital in a research report on Wednesday, September 23rd. They issued a “hold” rating and a $16.00 price objective for the company. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. FS KKR Capital presently has an average rating of “Hold” and an average price target of $17.67.

A number of institutional investors have recently added to or reduced their stakes in FSK. State Street Corp lifted its holdings in FS KKR Capital by 14.7% in the first quarter. State Street Corp now owns 12,566 shares of the company’s stock worth $40,000 after acquiring an additional 1,610 shares during the last quarter. Blackstone Group Inc boosted its position in FS KKR Capital by 3.0% during the 1st quarter. Blackstone Group Inc now owns 113,335 shares of the company’s stock valued at $340,000 after purchasing an additional 3,328 shares during the period. Arkadios Wealth Advisors boosted its position in FS KKR Capital by 3.3% during the 1st quarter. Arkadios Wealth Advisors now owns 108,555 shares of the company’s stock valued at $326,000 after purchasing an additional 3,432 shares during the period. Cooper Financial Group grew its stake in FS KKR Capital by 4.9% during the 1st quarter. Cooper Financial Group now owns 77,458 shares of the company’s stock worth $232,000 after buying an additional 3,646 shares during the last quarter. Finally, MBM Wealth Consultants LLC increased its position in FS KKR Capital by 1.5% in the first quarter. MBM Wealth Consultants LLC now owns 330,176 shares of the company’s stock worth $991,000 after buying an additional 4,857 shares during the period. 29.82% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:FSK traded up $0.35 during trading on Monday, reaching $16.21. The stock had a trading volume of 839,781 shares, compared to its average volume of 854,453. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.35. The stock has a market cap of $1.96 billion, a P/E ratio of -2.79 and a beta of 1.55. The business has a fifty day moving average price of $15.96 and a 200-day moving average price of $14.59. FS KKR Capital has a fifty-two week low of $7.60 and a fifty-two week high of $25.52.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Wednesday, September 16th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 14.81%. The ex-dividend date of this dividend is Tuesday, September 15th. FS KKR Capital’s dividend payout ratio is currently 75.00%.

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

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