Wall Street brokerages expect FS KKR Capital Corp. (NYSE:FSK – Get Rating) to post $356.52 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for FS KKR Capital’s earnings. The highest sales estimate is $363.90 million and the lowest is $342.74 million. FS KKR Capital posted sales of $151.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 136.1%. The firm is expected to report its next earnings results after the market closes on Monday, January 1st.
On average, analysts expect that FS KKR Capital will report full year sales of $1.45 billion for the current financial year, with estimates ranging from $1.38 billion to $1.51 billion. For the next financial year, analysts anticipate that the business will post sales of $1.51 billion, with estimates ranging from $1.41 billion to $1.65 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for FS KKR Capital.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded FS KKR Capital from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Thursday, March 3rd. Wells Fargo & Company upgraded FS KKR Capital from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $19.50 to $21.50 in a report on Wednesday, March 2nd.
Hedge funds and other institutional investors have recently modified their holdings of the business. Kozak & Associates Inc. purchased a new position in FS KKR Capital in the third quarter valued at about $25,000. PYA Waltman Capital LLC purchased a new position in FS KKR Capital in the fourth quarter valued at about $35,000. Semmax Financial Advisors Inc. purchased a new position in FS KKR Capital in the fourth quarter valued at about $35,000. Charter Oak Capital Management LLC grew its stake in FS KKR Capital by 76.9% in the third quarter. Charter Oak Capital Management LLC now owns 1,617 shares of the company’s stock valued at $36,000 after purchasing an additional 703 shares in the last quarter. Finally, Rise Advisors LLC purchased a new position in FS KKR Capital in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 32.30% of the company’s stock.
Shares of NYSE FSK traded up $0.01 during mid-day trading on Wednesday, reaching $22.81. The company had a trading volume of 1,330,887 shares, compared to its average volume of 1,422,923. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 1.18. The stock has a market cap of $6.48 billion, a PE ratio of 2.56 and a beta of 1.44. The company has a 50-day moving average price of $22.43 and a two-hundred day moving average price of $21.95. FS KKR Capital has a 1-year low of $19.71 and a 1-year high of $23.44.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 4th. Stockholders of record on Wednesday, March 16th were issued a dividend of $0.63 per share. This is an increase from FS KKR Capital’s previous quarterly dividend of $0.62. The ex-dividend date was Tuesday, March 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.05%. FS KKR Capital’s payout ratio is currently 28.16%.
FS KKR Capital Company Profile (Get Rating)
FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies. It seeks to purchase interests in loans through secondary market transactions or directly from the target companies as primary market investments.
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