Wall Street brokerages expect Capital Southwest Co. (NASDAQ:CSWC) to report earnings per share of $0.41 for the current quarter, according to Zacks. Two analysts have made estimates for Capital Southwest’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.39. Capital Southwest posted earnings of $0.29 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 41.4%. The business is expected to announce its next earnings report on Monday, August 5th.
On average, analysts expect that Capital Southwest will report full year earnings of $1.69 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $1.74. For the next year, analysts expect that the firm will report earnings of $1.79 per share, with EPS estimates ranging from $1.78 to $1.80. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Capital Southwest.
Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings results on Monday, June 3rd. The asset manager reported $0.40 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.40. Capital Southwest had a return on equity of 7.63% and a net margin of 68.26%. The company had revenue of $14.31 million for the quarter, compared to analysts’ expectations of $14.25 million.
NASDAQ CSWC traded up $0.01 during trading hours on Friday, reaching $21.99. The company’s stock had a trading volume of 23,000 shares, compared to its average volume of 47,342. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.38. Capital Southwest has a 1 year low of $17.02 and a 1 year high of $24.17. The stock has a market cap of $378.72 million, a PE ratio of 15.49 and a beta of 0.25.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.39 dividend. This is an increase from Capital Southwest’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 7.09%. Capital Southwest’s payout ratio is presently 107.04%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanders Morris Harris LLC increased its position in shares of Capital Southwest by 11.2% during the 1st quarter. Sanders Morris Harris LLC now owns 912,237 shares of the asset manager’s stock valued at $19,193,000 after purchasing an additional 91,705 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Capital Southwest by 8.5% during the 1st quarter. Advisors Asset Management Inc. now owns 170,130 shares of the asset manager’s stock valued at $3,580,000 after purchasing an additional 13,284 shares during the last quarter. Confluence Investment Management LLC increased its position in shares of Capital Southwest by 1.4% during the 1st quarter. Confluence Investment Management LLC now owns 115,506 shares of the asset manager’s stock valued at $2,430,000 after purchasing an additional 1,564 shares during the last quarter. Cavalier Investments LLC increased its position in shares of Capital Southwest by 106.8% during the 1st quarter. Cavalier Investments LLC now owns 97,200 shares of the asset manager’s stock valued at $2,045,000 after purchasing an additional 50,200 shares during the last quarter. Finally, Advisor Group Inc. increased its position in shares of Capital Southwest by 2,108.0% during the 1st quarter. Advisor Group Inc. now owns 86,003 shares of the asset manager’s stock valued at $1,810,000 after purchasing an additional 82,108 shares during the last quarter. 53.27% of the stock is currently owned by hedge funds and other institutional investors.
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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