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

FS KKR Capital (NYSE:FSK - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01), Zacks reports. FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The business had revenue of $407.00 million during the quarter, compared to analyst estimates of $419.97 million.

FS KKR Capital Trading Up 3.2 %

FSK traded up $0.73 during midday trading on Friday, hitting $23.49. The company's stock had a trading volume of 1,976,008 shares, compared to its average volume of 1,330,487. FS KKR Capital has a 52-week low of $18.31 and a 52-week high of $24.10. The firm has a 50-day moving average price of $22.58 and a two-hundred day moving average price of $21.24. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.21. The firm has a market cap of $6.58 billion, a P/E ratio of 12.49 and a beta of 1.25.

FS KKR Capital Dividend Announcement

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

Insider Transactions at FS KKR Capital

In related news, insider Daniel Pietrzak purchased 5,000 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were bought at an average price of $21.31 per share, for a total transaction of $106,550.00. Following the acquisition, the insider now directly owns 49,800 shares in the company, valued at $1,061,238. This trade represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 11,500 shares of company stock worth $248,910 in the last three months. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FSK. Wells Fargo & Company reiterated an "equal weight" rating and set a $21.00 target price on shares of FS KKR Capital in a report on Monday, December 2nd. Royal Bank of Canada increased their price objective on 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. B. Riley downgraded shares of FS KKR Capital from a "buy" rating to a "neutral" rating and set a $21.50 target price for the company. in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of FS KKR Capital from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $21.10.

About FS KKR Capital

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.