B. Riley Brokers Boost Earnings Estimates for FS KKR Capital

FS KKR Capital Corp. (NYSE:FSK) – Research analysts at B. Riley increased their FY2024 earnings per share 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 post earnings per share of $2.83 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 equities research analysts have also commented on FSK. Wells Fargo & Company reduced their price objective on FS KKR Capital from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $19.94.

FS KKR Capital Stock Up 0.0 %

Shares of FSK stock opened at $21.08 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. FS KKR Capital has a 12 month low of $18.31 and a 12 month high of $21.24. The stock has a market cap of $5.90 billion, a P/E ratio of 11.21 and a beta of 1.25. The company has a 50 day simple moving average of $20.12 and a two-hundred day simple moving average of $19.96.

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

FS KKR Capital Increases Dividend

The firm also recently declared a None dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th will be issued a $0.70 dividend. The ex-dividend date is Wednesday, December 4th. This is a boost from FS KKR Capital’s previous None dividend of $0.64. This represents a yield of 12.7%. FS KKR Capital’s payout ratio is currently 136.17%.

Insiders Place Their Bets

In other news, CEO Michael C. Forman sold 195,139 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.56, for a total value of $3,816,918.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FS KKR Capital

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