Why Do Investors Buy Stock In FS KKR Capital Corp (FSK)?

FS KKR Capital Corp (NYSE:FSK) has a beta value of 1.31 and has seen 1.51 million shares traded in the recent trading session. The company, currently valued at $5.65B, closed the recent trade at $20.16 per share which meant it gained $0.19 on the day or 0.95% during that session. The FSK stock price is -2.98% off its 52-week high price of $20.76 and 9.67% above the 52-week low of $18.21. The 3-month trading volume is 1.30 million shares.

FS KKR Capital Corp (NYSE:FSK) trade information

Sporting 0.95% in the green today, the stock has traded in the green over the last five days, when the FSK stock price touched $20.16 or saw a rise of 0.74%. Year-to-date, FS KKR Capital Corp shares have moved 2.07%, while the 5-day performance has seen it change 2.86%. Over the past 30 days, the shares of FS KKR Capital Corp (NYSE:FSK) have changed -2.37%.

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FS KKR Capital Corp (FSK) estimates and forecasts

Figures show that FS KKR Capital Corp shares have underperformed across the wider relevant industry. The company’s shares have gained 0.96% over the past 6 months, with this year growth rate of -9.00%, compared to -8.60% for the industry. Revenue growth from the last financial year stood is estimated to be -6.50%.

6 analysts offering their estimates for the company have set an average revenue estimate of 427.27M for the current quarter. 6 have an estimated revenue figure of 426.54M for the next ending quarter. Year-ago sales stood 462M and 450.7M respectively for this quarter and the next, and analysts expect sales will shrink by -7.50% for the current quarter and -6.50% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 0.63% over the past 5 years. Earnings growth for 2024 is a modest -10.00% while over the next 5 years, the company’s earnings are expected to decrease by -0.90%.

FSK Dividends

FS KKR Capital Corp is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.54 at a share yield of 12.59%. The company’s dividend yield has gone up over the past 12 months.