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FS KKR Capital Corp (FSK)
NYSE:FSK
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.67Last Year’s EPS
$0.75Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 5.67%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Neutral
The call highlighted strong earnings performance and investment activity, along with a positive economic backdrop, but also noted challenges such as portfolio depreciation and yield compression.Company Guidance
During the FS KKR Capital Corp. Third Quarter 2024 Earnings Call, management provided guidance that highlighted strong financial performance and strategic positioning for 2025. FSK reported net investment income of $0.77 per share and adjusted net investment income of $0.74 per share, exceeding public guidance of $0.72 and $0.70, respectively. The net asset value per share was $23.82, with the board declaring a total fourth-quarter distribution of $0.70 per share, which includes a base distribution of $0.64 per share and a supplemental distribution of $0.06 per share. For the entire year, this results in $2.90 per share of total distributions, equating to a 12.2% yield based on the September 30 net asset value. FSK originated approximately $1.1 billion in new investments during the quarter and maintained ample liquidity of $4.4 billion. Looking ahead, management expressed optimism about the M&A environment and new investment opportunities, anticipating improved credit metrics due to interest rate reductions. They also forecast fourth-quarter GAAP net investment income to approximate $0.63 per share, with adjusted net investment income around $0.68 per share, reflecting the economic backdrop and market conditions.Strong Earnings and Distributions
FSK generated net investment income of $0.77 per share, exceeding public guidance of $0.72 per share. A total distribution of $0.70 per share was declared, contributing to a 12.2% yield on net asset value.
Robust Investment Activity
FSK originated approximately $1.1 billion of new investments, with liquidity totaling approximately $4.4 billion at the end of the quarter.
Decline in Non-Accruals
Non-accruals decreased to 3.8% on a cost basis and 1.7% on a fair value basis, compared to the previous quarter.
Positive Economic Backdrop
The U.S. economy experienced a 6.8% growth in real terms, with inflation declining from 9.1% in June 2022 to approximately 2.4%.
Asset-Based Finance Opportunities
FSK participated in a $10 billion asset-based finance deal, purchasing a pool of seasoned private student loans with a high average FICO score.
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FSK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FSK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $20.15 | $20.27 | +0.60% |
| Aug 06, 2024 | $17.94 | $17.83 | -0.61% |
| May 08, 2024 | $17.46 | $17.88 | +2.41% |
| Feb 26, 2024 | $17.34 | $16.32 | -5.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FS KKR Capital Corp (FSK) report earnings?
FS KKR Capital Corp (FSK) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is FS KKR Capital Corp (FSK) earnings time?
FS KKR Capital Corp (FSK) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FSK EPS forecast?
FSK EPS forecast for the fiscal quarter 2024 (Q4) is $0.67.
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