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

FS KKR Capital Corp. (NYSE:FSK) – Investment analysts at B. Riley upped their FY2024 earnings estimates for shares of FS KKR Capital in a research note issued on Friday, November 8th. B. Riley analyst B. Rowe now anticipates that the company will post earnings of $2.83 per share for the year, up from their prior estimate 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.

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

Several other analysts have also issued reports on FSK. Royal Bank of Canada restated a “sector perform” rating and set a $20.00 price target on shares of FS KKR Capital in a research report on Wednesday, August 14th. Wells Fargo & Company dropped their target price on 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.94.

FS KKR Capital Trading Up 0.0 %

FSK stock opened at $21.08 on Monday. FS KKR Capital has a one year low of $18.31 and a one year high of $21.24. The company has a market capitalization of $5.90 billion, a PE ratio of 11.21 and a beta of 1.25. The company’s 50 day moving average price is $20.12 and its two-hundred day moving average price is $19.96. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.34 and a current ratio of 2.34.

FS KKR Capital Increases Dividend

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

Insider Buying and Selling

In related news, CEO Michael C. Forman sold 195,139 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by insiders.

Institutional Trading of FS KKR Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC grew its holdings in FS KKR Capital by 1,967.7% in the third quarter. International Assets Investment Management LLC now owns 3,165,817 shares of the company’s stock worth $62,462,000 after purchasing an additional 3,012,711 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of FS KKR Capital in the second quarter worth $19,544,000. Cetera Investment Advisers increased its holdings in shares of FS KKR Capital by 368.3% during the first quarter. Cetera Investment Advisers now owns 886,811 shares of the company’s stock valued at $16,911,000 after acquiring an additional 697,453 shares in the last quarter. Maia Wealth LLC purchased a new position in shares of FS KKR Capital in the 2nd quarter worth about $10,560,000. Finally, 1832 Asset Management L.P. boosted its stake in FS KKR Capital by 529.7% in the 1st quarter. 1832 Asset Management L.P. now owns 610,140 shares of the company’s stock worth $11,635,000 after purchasing an additional 513,239 shares in the last quarter. 36.26% of the stock is owned by hedge funds and other institutional investors.

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.