Wall Street analysts predict that Capital Southwest Co. (NASDAQ:CSWC) will report $15.98 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Capital Southwest’s earnings, with the highest sales estimate coming in at $16.27 million and the lowest estimate coming in at $15.71 million. Capital Southwest posted sales of $14.31 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.7%. The business is expected to announce its next quarterly earnings results on Monday, June 1st.
On average, analysts expect that Capital Southwest will report full-year sales of $62.98 million for the current fiscal year, with estimates ranging from $62.71 million to $63.27 million. For the next fiscal year, analysts expect that the firm will report sales of $69.97 million, with estimates ranging from $67.90 million to $72.62 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Capital Southwest.
Capital Southwest (NASDAQ:CSWC) last posted its quarterly earnings results on Monday, February 3rd. The asset manager reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.03). Capital Southwest had a net margin of 21.38% and a return on equity of 8.70%. The firm had revenue of $15.98 million for the quarter, compared to the consensus estimate of $15.35 million.
Hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley boosted its position in Capital Southwest by 24.7% in the second quarter. Morgan Stanley now owns 43,895 shares of the asset manager’s stock valued at $920,000 after buying an additional 8,681 shares in the last quarter. Royal Bank of Canada boosted its position in Capital Southwest by 25.8% in the second quarter. Royal Bank of Canada now owns 55,124 shares of the asset manager’s stock valued at $1,155,000 after buying an additional 11,289 shares in the last quarter. Dalton Greiner Hartman Maher & Co. acquired a new stake in Capital Southwest in the third quarter valued at approximately $405,000. Confluence Investment Management LLC boosted its position 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 valued at $2,547,000 after buying an additional 1,121 shares in the last quarter. Finally, Navellier & Associates Inc boosted its position in Capital Southwest by 5.5% in the third quarter. Navellier & Associates Inc now owns 170,323 shares of the asset manager’s stock valued at $3,713,000 after buying an additional 8,849 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.
NASDAQ:CSWC traded down $0.06 during midday trading on Friday, reaching $20.55. 308,312 shares of the stock traded hands, compared to its average volume of 123,061. The company has a fifty day moving average of $20.94 and a 200 day moving average of $21.54. Capital Southwest has a 12 month low of $20.48 and a 12 month high of $22.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market capitalization of $382.81 million, a P/E ratio of 27.04 and a beta of 0.24.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be issued a $0.41 dividend. The ex-dividend date is Friday, March 13th. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 7.98%. Capital Southwest’s dividend payout ratio is 112.68%.
Capital Southwest Company Profile
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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