Brokerages predict that Capital Southwest Co. (NASDAQ:CSWC) will announce sales of $15.58 million for the current quarter, Zacks reports. Three analysts have issued estimates for Capital Southwest’s earnings, with the highest sales estimate coming in at $15.91 million and the lowest estimate coming in at $15.09 million. Capital Southwest posted sales of $13.87 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.3%. The business is expected to report its next quarterly earnings results on Monday, February 3rd.
On average, analysts expect that Capital Southwest will report full year sales of $62.48 million for the current fiscal year, with estimates ranging from $61.89 million to $63.49 million. For the next fiscal year, analysts forecast that the firm will report sales of $68.86 million, with estimates ranging from $66.55 million to $70.60 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Capital Southwest.
Capital Southwest (NASDAQ:CSWC) last released its quarterly earnings results on Tuesday, November 5th. The asset manager reported $0.38 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.05). The firm had revenue of $15.22 million for the quarter, compared to the consensus estimate of $15.28 million. Capital Southwest had a return on equity of 8.55% and a net margin of 44.96%.
A number of equities analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Capital Southwest in a report on Thursday, October 10th. They issued a “buy” rating and a $24.00 target price on the stock. Zacks Investment Research downgraded Capital Southwest from a “buy” rating to a “hold” rating in a report on Thursday. B. Riley set a $23.00 target price on Capital Southwest and gave the company a “hold” rating in a report on Monday, September 30th. National Securities assumed coverage on Capital Southwest in a report on Monday, September 23rd. They issued a “buy” rating and a $23.00 target price on the stock. Finally, BidaskClub downgraded Capital Southwest from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $23.40.
In other news, Director David R. Brooks acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average price of $21.37 per share, for a total transaction of $53,425.00. Following the completion of the acquisition, the director now owns 24,500 shares of the company’s stock, valued at approximately $523,565. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in Capital Southwest by 2.5% in the second quarter. Wells Fargo & Company MN now owns 40,737 shares of the asset manager’s stock worth $854,000 after buying an additional 1,009 shares during the last quarter. Confluence Investment Management LLC increased its holdings in Capital Southwest by 1.0% in the third quarter. Confluence Investment Management LLC now owns 116,836 shares of the asset manager’s stock worth $2,547,000 after buying an additional 1,121 shares during the last quarter. Advantage Investment Management LLC acquired a new position in Capital Southwest in the second quarter worth approximately $25,000. Valeo Financial Advisors LLC acquired a new position in Capital Southwest in the second quarter worth approximately $34,000. Finally, Tower Research Capital LLC TRC increased its holdings in Capital Southwest by 521.3% in the third quarter. Tower Research Capital LLC TRC now owns 1,988 shares of the asset manager’s stock worth $43,000 after buying an additional 1,668 shares during the last quarter. Hedge funds and other institutional investors own 48.66% of the company’s stock.
Capital Southwest stock opened at $21.05 on Friday. The firm has a market capitalization of $375.53 million, a P/E ratio of 14.82 and a beta of 0.19. Capital Southwest has a one year low of $17.22 and a one year 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 50-day simple moving average of $21.87 and a 200-day simple moving average of $21.70.
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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