$0.40 EPS Expected for Capital Southwest Co. (CSWC) This Quarter
Brokerages expect Capital Southwest Co. (NASDAQ:CSWC) to announce earnings of $0.40 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Capital Southwest’s earnings. Capital Southwest reported earnings of $0.26 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 53.8%. The business is expected to report its next quarterly earnings results on Monday, June 3rd.
According to Zacks, analysts expect that Capital Southwest will report full year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.41 to $1.46. For the next fiscal year, analysts expect that the business will post earnings of $1.70 per share, with EPS estimates ranging from $1.66 to $1.76. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Capital Southwest.
Capital Southwest (NASDAQ:CSWC) last announced its quarterly earnings results on Monday, February 4th. The asset manager reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The company had revenue of $13.87 million for the quarter, compared to analysts’ expectations of $13.52 million. Capital Southwest had a net margin of 84.08% and a return on equity of 6.78%.
Shares of CSWC stock opened at $21.59 on Wednesday. The company has a market cap of $372.06 million, a P/E ratio of 21.38 and a beta of 0.26. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.28 and a current ratio of 0.28. Capital Southwest has a 12 month low of $16.63 and a 12 month high of $24.17.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date was Thursday, March 14th. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.36. Capital Southwest’s dividend payout ratio is 150.50%.
Institutional investors have recently bought and sold shares of the stock. Princeton Global Asset Management LLC bought a new stake in Capital Southwest during the 4th quarter worth approximately $46,000. Macquarie Group Ltd. increased its holdings in Capital Southwest by 706.0% during the 4th quarter. Macquarie Group Ltd. now owns 2,418 shares of the asset manager’s stock worth $46,000 after acquiring an additional 2,118 shares during the period. Eagle Global Advisors LLC bought a new stake in Capital Southwest during the 4th quarter worth approximately $253,000. Millennium Management LLC increased its holdings in Capital Southwest by 28.7% during the 4th quarter. Millennium Management LLC now owns 13,209 shares of the asset manager’s stock worth $254,000 after acquiring an additional 2,945 shares during the period. Finally, Weather Gauge Advisory LLC bought a new stake in Capital Southwest during the 4th quarter worth approximately $323,000. 53.82% of the stock is currently owned by institutional investors and hedge funds.
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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