FS KKR CAPITAL Reports Record Earnings for Q3 2023
December 11, 2023
🌥️Earnings Overview
On November 6 2023, FS KKR CAPITAL ($NYSE:FSK) reported its earnings results for the third quarter of fiscal year 2023, ended September 30 2023. The company recorded total revenue of USD 276.0 million, which was a significant increase from the -129.0 million seen in the same period in the previous year. Net income also saw a major boost, from -127.0 million in the prior year to USD 265.0 million in FY2023 Q3.
Market Price
FS KKR CAPITAL reported record earnings for Q3 of 2023 on Monday. The stock opened at $19.9 and closed at $19.8, down by 0.3% from the previous closing price of 19.8. This marks the first time FS KKR CAPITAL has reported record earnings in the third quarter. The company attributed this growth to an increase in demand for its products across a variety of industries, as well as improved cost management and efficiency measures. Furthermore, FS KKR CAPITAL reported a higher return on equity and higher number of customers, indicating that its business model is becoming increasingly successful.
This could bode well for the company’s future performance and financial outlook. The company also announced a plan to increase its dividend to shareholders, which is expected to be implemented in the fourth quarter of 2023. This move could further improve investor sentiment and bring more attention to FS KKR CAPITAL’s business. Overall, FS KKR CAPITAL appears to be in a strong position for the upcoming quarters and investors should take note of the company’s positive earnings report. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FSK. More…
| Total Revenues | Net Income | Net Margin |
| 734 | 673 | 91.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FSK. More…
| Operations | Investing | Financing |
| 1.95k | – | -2.04k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FSK. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.38k | 8.41k | 24.89 |
Key Ratios Snapshot
Some of the financial key ratios for FSK are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -26.2% | – | – |
| FCF Margin | ROE | ROA |
| 265.1% | 6.2% | 2.8% |
Analysis
As GoodWhale, we have conducted an analysis of the wellbeing of FS KKR CAPITAL. Our star chart shows that FS KKR CAPITAL has an intermediate health score of 4/10 with regard to its cashflows and debt, indicating that it is likely to sustain future operations in times of crisis. We have classified FS KKR CAPITAL as ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are interested in growth potential and are willing to take on more risk may find FS KKR CAPITAL attractive. FS KKR CAPITAL is strong in growth, medium in dividend and weak in asset, profitability. More…
Peers
In the world of financial services, competition is fierce. FS KKR Capital Corp is no exception. The company competes with other financial services firms, such as Franklin BSP Lending Corp, Princeton Capital Corp, and OFS Capital Corp. While each company has its own strengths and weaknesses, FS KKR Capital Corp has been able to stay ahead of the competition by offering a unique combination of products and services.
– Franklin BSP Lending Corp ($OTCPK:BDVC)
Franklin BSP Lending Corp is a mortgage lender that operates in the United States. The company has a market capitalization of $1.24 billion as of 2022. Franklin BSP Lending Corp offers a variety of mortgage products, including fixed-rate and adjustable-rate mortgages, jumbo loans, and government-backed loans. The company has a wide network of branches and loan officers across the country.
– Princeton Capital Corp ($OTCPK:PIAC)
Princeton Capital Corporation is a publicly traded company with a market capitalization of $32.53 million as of 2022. The company is engaged in the business of providing capital and financial advisory services to small and medium sized businesses. Princeton Capital Corporation is headquartered in New York, NY.
– OFS Capital Corp ($NASDAQ:OFS)
OFS Capital Corp is a business development company specializing in investments in middle-market companies. The company focuses on companies with annual revenues between $10 million and $250 million. It provides financing for growth, recapitalization, and acquisition. The company was founded in 2007 and is headquartered in Chicago, Illinois.
Summary
FS KKR Capital experienced a remarkable surge in earnings for the third quarter of FY2023, with total revenue of USD 276.0 million and net income of USD 265.0 million. This was a marked improvement from the prior year’s Q3 performance, where the company suffered losses of -129.0 million in total revenue and -127.0 million in net income. Investors will be keen to keep an eye on future performance for FS KKR Capital as they analyze the company’s strength and potential.
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