Wall Street brokerages expect FS KKR Capital Corp (NYSE:FSK) to report earnings per share (EPS) of $0.84 for the current quarter, according to Zacks. Three analysts have made estimates for FS KKR Capital’s earnings, with estimates ranging from $0.80 to $0.88. FS KKR Capital reported earnings of $0.76 per share during the same quarter last year, which would suggest a positive year over year growth rate of 10.5%. The firm is scheduled to announce its next earnings results on Wednesday, August 5th.

On average, analysts expect that FS KKR Capital will report full year earnings of $2.64 per share for the current fiscal year, with EPS estimates ranging from $2.52 to $2.77. For the next financial year, analysts expect that the firm will report earnings of $2.56 per share, with EPS estimates ranging from $2.32 to $2.79. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow FS KKR Capital.

FS KKR Capital (NYSE:FSK) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). FS KKR Capital had a positive return on equity of 11.16% and a negative net margin of 73.13%. The firm had revenue of $179.00 million during the quarter, compared to analyst estimates of $189.00 million.

Several brokerages have commented on FSK. Wells Fargo & Co assumed coverage on FS KKR Capital in a report on Thursday, June 18th. They set an “underweight” rating and a $14.00 price target on the stock. Keefe, Bruyette & Woods reduced their price objective on FS KKR Capital from $16.00 to $15.00 and set a “market perform” rating for the company in a research report on Friday, May 8th. ValuEngine raised FS KKR Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, June 17th. Raymond James raised FS KKR Capital from a “market perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research report on Wednesday, June 24th. Finally, Zacks Investment Research cut FS KKR Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.83.

FSK stock traded up $0.12 during midday trading on Friday, hitting $13.99. 29,957 shares of the company traded hands, compared to its average volume of 1,217,374. FS KKR Capital has a twelve month low of $7.60 and a twelve month high of $25.52. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.40. The business has a 50 day simple moving average of $14.60 and a 200-day simple moving average of $18.65. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of -3.10 and a beta of 1.50.

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 8th were given a $0.60 dividend. This is a boost from FS KKR Capital’s previous quarterly dividend of $0.15. This represents a $2.40 annualized dividend and a yield of 17.16%. The ex-dividend date of this dividend was Friday, June 5th. FS KKR Capital’s dividend payout ratio (DPR) is 18.75%.

In related news, CEO Michael C. Forman sold 445,359 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $3.64, for a total value of $1,621,106.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel Pietrzak sold 65,680 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $3.70, for a total value of $243,016.00. Following the completion of the transaction, the insider now directly owns 39,648 shares of the company’s stock, valued at $146,697.60. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 14,000 shares of company stock valued at $45,320 and sold 588,515 shares valued at $2,153,826. 0.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Great West Life Assurance Co. Can bought a new position in shares of FS KKR Capital during the fourth quarter valued at $1,040,000. Russell Investments Group Ltd. bought a new position in shares of FS KKR Capital during the fourth quarter valued at $336,000. Private Portfolio Partners LLC lifted its holdings in shares of FS KKR Capital by 34.2% during the first quarter. Private Portfolio Partners LLC now owns 22,003 shares of the company’s stock valued at $66,000 after acquiring an additional 5,604 shares during the period. LSV Asset Management bought a new position in shares of FS KKR Capital during the fourth quarter valued at $10,803,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of FS KKR Capital by 72.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 752,283 shares of the company’s stock valued at $2,257,000 after acquiring an additional 315,721 shares during the period. 32.51% of the stock is owned by institutional investors.

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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