Capital Southwest (CSWC) Set to Announce Quarterly Earnings on Monday

Capital Southwest (NASDAQ:CSWC) is set to announce its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings data on Monday, August 5th. The asset manager reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.03). Capital Southwest had a net margin of 38.92% and a return on equity of 15.70%. The business had revenue of $51.35 million for the quarter, compared to analyst estimates of $49.31 million. On average, analysts expect Capital Southwest to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Capital Southwest Stock Performance

Shares of CSWC opened at $25.63 on Friday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 12.50 and a beta of 1.24. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $25.20 and its two-hundred day moving average is $25.53. Capital Southwest has a 52-week low of $20.72 and a 52-week high of $27.23.

Capital Southwest Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.64 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.56 annualized dividend and a dividend yield of 9.99%. This is an increase from Capital Southwest’s previous quarterly dividend of $0.57. Capital Southwest’s payout ratio is presently 113.17%.

Analyst Ratings Changes

Separately, B. Riley reduced their price target on shares of Capital Southwest from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

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, industry consolidation, recapitalizations and growth capital investments.