FS KKR Capital Q2 net loss per share narrows
FSK•Result drivers
- Leverage reduction - The company said it reduced net leverage to within its target range in Q2
- Non-accrual assets - The company said it made progress reducing non-accrual assets in Q2
- Incentive fee waiver - A 50% subordinated income incentive fee waiver supported net investment income and the distribution
Analyst coverage
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the closed-end funds peer group is "buy"
- Wall Street's median 12-month price target for FS KKR Capital Corp is $11.00, about 0.4% below its Aug. 5 closing price of $11.04
- The stock recently traded at 7 times the next 12-month earnings vs. a P/E of three months ago
