Capital Southwest (NASDAQ:CSWC) Updates Q3 Earnings Guidance

Capital Southwest (NASDAQ:CSWC) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.62-$0.63 for the period, compared to the consensus estimate of $0.62.

Capital Southwest Stock Up 1.0 %

Shares of CSWC traded up $0.22 during mid-day trading on Wednesday, hitting $22.26. The company’s stock had a trading volume of 339,052 shares, compared to its average volume of 393,124. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.57 and a beta of 1.24. The company’s 50-day moving average is $22.40 and its 200-day moving average is $24.26. Capital Southwest has a 52-week low of $20.68 and a 52-week high of $27.23.

Capital Southwest (NASDAQ:CSWC) last issued its quarterly earnings data on Monday, October 28th. The asset manager reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The company had revenue of $48.71 million for the quarter, compared to the consensus estimate of $49.79 million. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. During the same quarter last year, the company earned $0.69 earnings per share. On average, equities research analysts forecast that Capital Southwest will post 2.53 EPS for the current fiscal year.

Capital Southwest Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.63 per share. The ex-dividend date was Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a yield of 11.32%. Capital Southwest’s payout ratio is 141.46%.

Wall Street Analysts Forecast Growth

Separately, B. Riley upped their price target on Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

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.