Brokerages expect that Capital Southwest Co. (NASDAQ:CSWC) will announce sales of $15.58 million for the current quarter, according to Zacks. Two analysts have made estimates for Capital Southwest’s earnings. The lowest sales estimate is $15.30 million and the highest is $15.86 million. Capital Southwest reported sales of $12.60 million in the same quarter last year, which indicates a positive year over year growth rate of 23.7%. The company is scheduled to report its next quarterly earnings report on Tuesday, November 5th.
According to Zacks, analysts expect that Capital Southwest will report full-year sales of $63.56 million for the current financial year, with estimates ranging from $63.08 million to $64.04 million. For the next year, analysts forecast that the business will report sales of $70.18 million, with estimates ranging from $66.09 million to $74.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Capital Southwest.
Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Monday, August 5th. The asset manager reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Capital Southwest had a net margin of 53.87% and a return on equity of 8.27%. The business had revenue of $15.80 million during the quarter, compared to the consensus estimate of $14.90 million.
A number of research firms have recently weighed in on CSWC. National Securities assumed coverage on shares of Capital Southwest in a research report on Monday, September 23rd. They set a “buy” rating and a $23.00 price target for the company. Zacks Investment Research downgraded shares of Capital Southwest from a “hold” rating to a “sell” rating in a report on Friday, June 7th. BidaskClub raised shares of Capital Southwest from a “sell” rating to a “hold” rating in a report on Thursday, September 19th. Finally, ValuEngine downgraded shares of Capital Southwest from a “hold” rating to a “sell” rating in a report on Saturday, September 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $23.25.
In other Capital Southwest news, Director David R. Brooks acquired 2,500 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was purchased at an average price of $21.37 per share, with a total value of $53,425.00. Following the completion of the acquisition, the director now directly owns 24,500 shares in the company, valued at approximately $523,565. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CSWC. Advantage Investment Management LLC acquired a new position in shares of Capital Southwest during the second quarter valued at $25,000. Valeo Financial Advisors LLC acquired a new position in shares of Capital Southwest during the second quarter valued at $34,000. Centaurus Financial Inc. boosted its holdings in shares of Capital Southwest by 4,647.2% during the second quarter. Centaurus Financial Inc. now owns 8,545 shares of the asset manager’s stock valued at $179,000 after acquiring an additional 8,365 shares during the period. Aperio Group LLC acquired a new position in shares of Capital Southwest during the second quarter valued at $208,000. Finally, Colony Group LLC acquired a new position in shares of Capital Southwest during the second quarter valued at $236,000. 48.41% of the stock is owned by hedge funds and other institutional investors.
Shares of CSWC stock traded down $0.34 during mid-day trading on Wednesday, reaching $21.80. 103,283 shares of the company were exchanged, compared to its average volume of 77,075. Capital Southwest has a fifty-two week low of $17.22 and a fifty-two week high of $24.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.32 and a current ratio of 0.32. The company has a market capitalization of $390.93 million, a P/E ratio of 15.35 and a beta of 0.20. The business’s 50 day simple moving average is $21.93 and its 200 day simple moving average is $21.60.
The firm also recently disclosed a dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 13th. Capital Southwest’s dividend payout ratio is presently 112.68%.
About Capital Southwest
Capital Southwest Corporation is a business development company specializing in credit and private equity and venture capital investments in middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing.
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