FS KKR Capital (NYSE:FSK - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04, Briefing.com reports. FS KKR Capital had a net margin of 35.46% and a return on equity of 12.39%. The company had revenue of $441.00 million during the quarter, compared to the consensus estimate of $423.58 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share.
FS KKR Capital Price Performance
Shares of FSK stock traded up $0.15 during trading hours on Thursday, hitting $20.96. The company's stock had a trading volume of 1,670,213 shares, compared to its average volume of 1,412,858. The business has a fifty day moving average of $20.09 and a 200-day moving average of $19.94. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 9.26 and a beta of 1.25. FS KKR Capital has a twelve month low of $18.31 and a twelve month high of $21.14. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19.
FS KKR Capital Increases Dividend
The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This is a positive change 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 is currently 113.27%.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of FS KKR Capital from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada restated a "sector perform" rating and issued a $20.00 price objective 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $19.94.
Read Our Latest Analysis on FSK
Insider Activity
In other news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company's stock.
About FS KKR Capital
(
Get Free Report)
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.
Further Reading
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