Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
16 April 2014Website:
http://www.fskkradvisor.comNext earnings report:
08 May 2025Last dividends:
11 September 2024Next dividends:
04 December 2024Price
regular market | 4 min agoAnalysts recommendations
Institutional Ownership
FSK Latest News
FS KKR Capital Corp (NYSE:FSK ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Anna Kleinhenn - Head of Investor Relations Michael Forman - Chief Executive Officer and Chairman Dan Pietrzak - Co-President and Chief Investment Officer Brian Gerson - Co-President Steven Lilly - Chief Financial Officer Conference Call Participants Bryce Rowe - B. Riley Securities Casey Alexander - Compass Point John Hecht - Jefferies Mark Hughes - Truist Kenneth Lee - RBC Melissa Wedel - JPMorgan Operator Good morning, ladies and gentlemen.
FS KKR Capital (FSK) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.80 per share a year ago.
PHILADELPHIA and NEW YORK , Oct. 9, 2024 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) announced today plans to release its third quarter 2024 results after the close of trading on the New York Stock Exchange on Wednesday, November 6, 2024, and that its board of directors has declared a fourth quarter 2024 distribution of $0.70 per share. FSK will host a conference call at 9:00 a.m.
BDC investing focuses on high current income streams, with less emphasis on price dynamics. As the yield component is a key value driver for BDCs, and also is usually quite high, the risk of stepping into a value trap is meaningful. In this respect, I have assessed two very high yielding BDCs.
FSK KKR Capital Corp offers a near 15% forward yield, supported by solid fundamentals and improved portfolio metrics, making it an attractive income investment. The company has shown significant improvements in non-accruals and has increased liquidity while decreasing debt, positioning itself well for future economic headwinds. FSK trades at a 17.24% discount to NAV, providing an attractive entry point compared to peers trading at premiums.
The headline numbers for FS KKR Capital (FSK) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
FS KKR Capital (FSK) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.78 per share a year ago.
24/7 Wall St. Insights Quality ultra-high-yield stocks offer passive income investors streams of revenue.
PHILADELPHIA and NEW YORK , July 15, 2024 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) announced today plans to release its second quarter 2024 results after the close of trading on the New York Stock Exchange on Tuesday, August 6, 2024. FSK will host a conference call at 9:00 a.m.
I'm quite cautious on the BDC sector right now. However, there are still some interesting opportunities in the space. I discuss two of the most overrated BDCs right now as well as two of the most underrated BDCs.
What type of business is 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. companies. 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. In connection with the debt investments, the firm also receives equity interests such as warrants or options as additional consideration. It also seek to purchase minority interests in the form of common or preferred equity in our target companies, either in conjunction with one of the debt investments or through a co-investment with a financial sponsor. Additionally, on an opportunistic basis, the fund may also invest in corporate bonds and similar debt securities. The fund does not seek to invest in start-up companies, turnaround situations, or companies with speculative business plans. It seeks to invest in small and middle-market companies based in United States. The fund seeks to invest in firms with annual revenue between $10 million to $2.5 billion. It focus on providing customized one-stop credit solutions to private upper middle market companies with annual EBITDA of $50 million to $100 million at the time of investment. It seeks to exit from securities by selling them in a privately negotiated over- the- counter market. For any investments that are not able to be sold within the secondary market, the firm seeks to exit such investments through repayment, an initial public offering of equity securities, merger, sale or recapitalization.
What sector is FS KKR Capital in?
FS KKR Capital is in the Financial Services sector
What industry is FS KKR Capital in?
FS KKR Capital is in the Asset Management industry
What country is FS KKR Capital from?
FS KKR Capital is headquartered in United States
When did FS KKR Capital go public?
FS KKR Capital initial public offering (IPO) was on 16 April 2014
What is FS KKR Capital website?
https://www.fskkradvisor.com
Is FS KKR Capital in the S&P 500?
No, FS KKR Capital is not included in the S&P 500 index
Is FS KKR Capital in the NASDAQ 100?
No, FS KKR Capital is not included in the NASDAQ 100 index
Is FS KKR Capital in the Dow Jones?
No, FS KKR Capital is not included in the Dow Jones index
When was FS KKR Capital the previous earnings report?
No data
When does FS KKR Capital earnings report?
The next expected earnings date for FS KKR Capital is 08 May 2025