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

FS KKR Capital (NYSE:FSK - Get Free Report) issued its quarterly earnings results 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. FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million during the quarter, compared to the consensus estimate of $419.97 million.

FS KKR Capital Stock Performance

Shares of FSK stock traded up $0.73 on Friday, hitting $23.49. 1,976,008 shares of the stock traded hands, compared to its average volume of 1,330,487. FS KKR Capital has a 1-year low of $18.31 and a 1-year high of $24.10. The company has a market capitalization of $6.58 billion, a PE ratio of 12.49 and a beta of 1.25. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96. The company's fifty day moving average is $22.58 and its 200 day moving average is $21.24.

FS KKR Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 11.92%. FS KKR Capital's dividend payout ratio is presently 122.49%.

Analyst Ratings Changes

Several research firms recently issued reports on FSK. Wells Fargo & Company reissued an "equal weight" rating and issued a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. B. Riley downgraded FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 target price on the stock. in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upped their target price on FS KKR Capital from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $20.00 to $21.00 and gave the company a "sector perform" rating in a research note on Monday, November 18th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.10.

Insider Buying and Selling

In other news, insider Daniel Pietrzak acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $21.31 per share, for a total transaction of $106,550.00. Following the completion of the acquisition, the insider now owns 49,800 shares in the company, valued at approximately $1,061,238. The trade was a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 11,500 shares of company stock valued at $248,910 in the last three months. 0.25% of the stock is currently owned by corporate insiders.

FS KKR Capital Company Profile

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.