Analysts expect FS KKR Capital Corp (NYSE:FSK) to announce sales of $195.64 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for FS KKR Capital’s earnings. The lowest sales estimate is $194.57 million and the highest is $196.70 million. FS KKR Capital reported sales of $95.58 million during the same quarter last year, which indicates a positive year-over-year growth rate of 104.7%. The firm is scheduled to issue its next earnings results on Thursday, August 8th.
According to Zacks, analysts expect that FS KKR Capital will report full year sales of $783.24 million for the current fiscal year, with estimates ranging from $777.47 million to $789.00 million. For the next financial year, analysts forecast that the business will post sales of $803.10 million, with estimates ranging from $791.19 million to $815.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover FS KKR Capital.
FS KKR Capital (NYSE:FSK) last posted its earnings results on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). FS KKR Capital had a negative net margin of 12.43% and a positive return on equity of 8.26%. The firm had revenue of $195.00 million for the quarter, compared to analysts’ expectations of $189.38 million.
NYSE:FSK traded down $0.01 during midday trading on Wednesday, reaching $6.15. 1,184,300 shares of the stock traded hands, compared to its average volume of 1,829,529. FS KKR Capital has a 12-month low of $5.09 and a 12-month high of $8.24. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 2.76 and a beta of 1.14.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Wednesday, June 19th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 12.36%. FS KKR Capital’s dividend payout ratio is currently 89.41%.
In related news, CEO Michael C. Forman purchased 12,113 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was acquired at an average price of $6.07 per share, with a total value of $73,525.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael C. Forman purchased 15,415 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was bought at an average cost of $6.45 per share, with a total value of $99,426.75. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 144,890 shares of company stock valued at $900,087. Corporate insiders own 1.07% of the company’s stock.
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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