Capital Southwest Co. (NASDAQ:CSWC) Expected to Announce Earnings of $0.41 Per Share

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Analysts expect that Capital Southwest Co. (NASDAQ:CSWC) will post earnings per share of $0.41 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Capital Southwest’s earnings, with estimates ranging from $0.39 to $0.42. 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 company is expected to announce its next earnings report after the market closes on Monday, August 5th.

According to Zacks, analysts expect that Capital Southwest will report full year earnings of $1.71 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $1.74. For the next fiscal year, analysts anticipate that the company will post earnings of $1.79 per share, with EPS estimates ranging from $1.78 to $1.80. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Capital Southwest.

Capital Southwest (NASDAQ:CSWC) last announced its earnings results on Monday, June 3rd. The asset manager reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. Capital Southwest had a net margin of 68.26% and a return on equity of 7.53%. The business had revenue of $14.31 million for the quarter, compared to analyst estimates of $14.25 million.

A number of equities analysts recently issued reports on CSWC shares. BidaskClub lowered shares of Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 13th. Zacks Investment Research lowered shares of Home Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, June 7th. Finally, National Securities reaffirmed a “buy” rating and set a $24.00 target price on shares of Capital Southwest in a research report on Tuesday, June 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $23.50.

A number of hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System bought a new position in shares of Capital Southwest during the 4th quarter valued at about $350,000. Two Sigma Investments LP bought a new position in shares of Capital Southwest during the 4th quarter valued at about $428,000. Hilltop Holdings Inc. boosted its position in shares of Capital Southwest by 13.7% during the 4th quarter. Hilltop Holdings Inc. now owns 63,100 shares of the asset manager’s stock valued at $1,213,000 after purchasing an additional 7,600 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Capital Southwest by 706.0% during the 4th quarter. Macquarie Group Ltd. now owns 2,418 shares of the asset manager’s stock valued at $46,000 after purchasing an additional 2,118 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Capital Southwest by 28.7% in the fourth quarter. Millennium Management LLC now owns 13,209 shares of the asset manager’s stock worth $254,000 after buying an additional 2,945 shares during the period. 51.67% of the stock is currently owned by institutional investors and hedge funds.

CSWC stock traded down $0.06 on Wednesday, reaching $21.07. 300 shares of the company were exchanged, compared to its average volume of 70,863. Capital Southwest has a 12 month low of $17.22 and a 12 month high of $24.17. The company has a fifty day simple moving average of $21.37. The stock has a market capitalization of $373.79 million, a price-to-earnings ratio of 14.84 and a beta of 0.22. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.43.

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, June 13th. This represents a $1.56 dividend on an annualized basis and a yield of 7.40%. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.38. Capital Southwest’s payout ratio is 109.86%.

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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