FY2024 EPS Estimates for FS KKR Capital Lifted by B. Riley

FS KKR Capital Corp. (NYSE:FSK) – Stock analysts at B. Riley raised their FY2024 EPS estimates for shares of FS KKR Capital in a report released on Friday, November 8th. B. Riley analyst B. Rowe now anticipates that the company will earn $2.83 per share for the year, up from their prior forecast of $2.80. The consensus estimate for FS KKR Capital’s current full-year earnings is $2.87 per share. B. Riley also issued estimates for FS KKR Capital’s Q2 2025 earnings at $0.65 EPS, Q3 2025 earnings at $0.65 EPS, Q4 2025 earnings at $0.59 EPS and FY2025 earnings at $2.55 EPS.

Several other brokerages have also recently issued reports on FSK. Royal Bank of Canada reissued a “sector perform” rating and issued a $20.00 price objective on shares of FS KKR Capital in a research note on Wednesday, August 14th. Wells Fargo & Company cut their price target on shares of FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.94.

FS KKR Capital Trading Down 0.4 %

NYSE:FSK opened at $21.01 on Monday. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 1.19. The stock’s 50 day simple moving average is $20.13 and its 200-day simple moving average is $19.98. FS KKR Capital has a 12-month low of $18.31 and a 12-month high of $21.24. The firm has a market cap of $5.88 billion, a P/E ratio of 11.27 and a beta of 1.25.

FS KKR Capital (NYSE:FSK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.04. FS KKR Capital had a return on equity of 12.25% and a net margin of 29.98%. The firm had revenue of $441.00 million for the quarter, compared to analysts’ expectations of $423.58 million. During the same quarter in the previous year, the firm posted $0.80 EPS.

Hedge Funds Weigh In On FS KKR Capital

Several hedge funds have recently added to or reduced their stakes in the business. Norden Group LLC purchased a new position in FS KKR Capital during the first quarter worth $195,000. Janney Montgomery Scott LLC increased its position in FS KKR Capital by 30.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 64,859 shares of the company’s stock worth $1,237,000 after purchasing an additional 14,977 shares in the last quarter. SG Americas Securities LLC acquired a new position in FS KKR Capital in the 1st quarter valued at about $1,122,000. Avantax Advisory Services Inc. lifted its holdings in FS KKR Capital by 2.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 384,652 shares of the company’s stock valued at $7,335,000 after purchasing an additional 7,723 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of FS KKR Capital by 15.8% during the 1st quarter. ProShare Advisors LLC now owns 39,461 shares of the company’s stock worth $753,000 after purchasing an additional 5,377 shares during the last quarter. 36.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FS KKR Capital

In related news, CEO Michael C. Forman sold 195,139 shares of FS KKR Capital stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.56, for a total transaction of $3,816,918.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.25% of the stock is currently owned by corporate insiders.

FS KKR Capital Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.70 per share. This is a positive change from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, December 4th. FS KKR Capital’s dividend payout ratio is presently 136.17%.

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.