Capital Southwest Co. (NASDAQ:CSWC) Expected to Post Quarterly Sales of $14.90 Million

Analysts forecast that Capital Southwest Co. (NASDAQ:CSWC) will announce $14.90 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Capital Southwest’s earnings, with the lowest sales estimate coming in at $14.69 million and the highest estimate coming in at $15.11 million. Capital Southwest reported sales of $11.11 million during the same quarter last year, which indicates a positive year over year growth rate of 34.1%. The firm is expected to report its next earnings results on Monday, August 5th.

On average, analysts expect that Capital Southwest will report full-year sales of $63.15 million for the current financial year, with estimates ranging from $62.27 million to $64.04 million. For the next financial year, analysts forecast that the business will report sales of $70.52 million, with estimates ranging from $66.77 million to $74.27 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Capital Southwest.

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

Several analysts have recently weighed in on CSWC shares. BidaskClub lowered shares of Capital Southwest from a “buy” rating to a “hold” rating in a report on Friday, March 1st. JMP Securities raised their price target on shares of Capital Southwest from $22.50 to $23.00 and gave the company a “market outperform” rating in a report on Friday, March 15th. National Securities reissued a “buy” rating and issued a $24.00 price target on shares of Capital Southwest in a report on Tuesday, June 4th. Finally, Zacks Investment Research lowered shares of Capital Southwest from a “hold” rating to a “sell” rating in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $23.50.

Institutional investors have recently modified their holdings of the stock. Princeton Global Asset Management LLC acquired a new stake in shares of Capital Southwest in the fourth quarter valued at approximately $46,000. Confluence Investment Management LLC increased its holdings in shares of Capital Southwest by 1.4% in the first 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 in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Capital Southwest in the fourth quarter valued at approximately $428,000. California Public Employees Retirement System acquired a new stake in shares of Capital Southwest in the fourth quarter valued at approximately $350,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Capital Southwest by 13.5% in the fourth quarter. Advisors Asset Management Inc. now owns 156,846 shares of the asset manager’s stock valued at $3,015,000 after purchasing an additional 18,699 shares in the last quarter. 53.19% of the stock is owned by institutional investors and hedge funds.

NASDAQ CSWC opened at $21.30 on Wednesday. The firm has a market capitalization of $368.38 million, a price-to-earnings ratio of 15.00 and a beta of 0.25. The business’s 50 day moving average price is $21.92. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.43. Capital Southwest has a 1-year low of $17.22 and a 1-year high of $24.17.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.39 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.32%. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.38. Capital Southwest’s dividend payout ratio (DPR) is currently 109.86%.

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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