Analysts expect Capital Southwest Co. (NASDAQ: CSWC) to post earnings of $0.48 per share
Analysts expect Capital Southwest Co. (NASDAQ: CSWC) to report earnings per share (EPS) of $0.48 for the current fiscal quarter, Zacks reports. Four analysts released Capital Southwest earnings estimates, with estimates ranging from $0.46 to $0.49. Capital Southwest posted earnings of $0.39 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 23.1%. The company is expected to release its next quarterly earnings report on Tuesday, May 24.
According to Zacks, analysts expect Capital Southwest to report annual earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.83 to $1.90. For the next fiscal year, analysts expect the company to post earnings of $1.97 per share, with EPS estimates ranging from $1.85 to $2.10. Zacks EPS averages are an average average based on a survey of research analysts who cover Capital Southwest.
Capital Southwest (NASDAQ:CSWC) last reported quarterly earnings data on Monday, Jan. 31. The asset manager reported earnings per share of $0.51 for the quarter, beating consensus analyst estimates of $0.47 by $0.04. Capital Southwest had a net margin of 42.58% and a return on equity of 10.68%. In the same quarter last year, the company posted earnings per share of $0.45.
CSWC has been the subject of a number of research analyst reports. JMP Securities reiterated a “buy” rating on Capital Southwest shares in a Wednesday, November 3, research report. Zacks Investment Research upgraded Capital Southwest shares from a “hold” rating to a “buy” rating and set a target price of $28.00 on the stock in a research report Tuesday. Two investment analysts gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $26.50.
In related news, CFO Michael Scott Sarner purchased 3,355 shares of Capital Southwest in a trade dated Tuesday, November 9. The shares were acquired at an average cost of $26.83 per share, with a total value of $90,014.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Company insiders hold 7.46% of the company’s shares.
Hedge funds and other institutional investors have recently changed their holdings in the company. Van ECK Associates Corp increased its holdings in Capital Southwest by 13.3% in the fourth quarter. Van ECK Associates Corp now owns 379,026 shares of the asset manager valued at $9,582,000 after buying an additional 44,394 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Capital Southwest by 1.1% in the fourth quarter. Sound Income Strategies LLC now owns 374,739 shares of the asset manager worth $9,473,000 after acquiring 3,929 additional shares during the period. Two Sigma Advisers LP increased its position in Capital Southwest shares by 4.6% in the third quarter. Two Sigma Advisers LP now owns 203,900 shares of the asset manager worth $5,134,000 after acquiring an additional 9,000 shares during the period. Two Sigma Investments LP increased its position in shares of Capital Southwest by 80.2% in the third quarter. Two Sigma Investments LP now owns 190,508 shares of the asset manager worth $4,797,000 after acquiring an additional 84,817 shares during the period. Finally, BlackRock Inc. increased its position in Capital Southwest shares by 17.0% in the third quarter. BlackRock Inc. now owns 149,306 shares of the asset manager worth $3,759,000 after acquiring an additional 21,730 shares during the period. 24.48% of the shares are currently held by institutional investors and hedge funds.
NASDAQ: CSWC lost $0.23 during Friday trading hours, hitting $25.89. 86,904 shares of the company were traded, against an average volume of 119,644. The company has a debt ratio of 0.61, a current ratio of 0.18 and a quick ratio of 0.18. Capital Southwest has a 52-week low of $19.69 and a 52-week high of $28.41. The company’s 50-day moving average price is $25.36 and its 200-day moving average price is $26.18. The stock has a market capitalization of $604.30 million, a price/earnings ratio of 16.81, a PEG ratio of 13.67 and a beta of 1.17.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 31. Investors of record on Tuesday, March 15 will receive a dividend of $0.48 per share. This is an increase from Capital Southwest’s previous quarterly dividend of $0.47. This represents a dividend of $1.92 on an annualized basis and a yield of 7.42%. The ex-dividend date is Monday, March 14. Capital Southwest’s dividend payout ratio is currently 122.08%.
Company profile Capital Sud-Ouest
Capital Southwest is a public business development company with total assets of $496 million as of June 30, 2010. We provide patient capital to exceptional companies with significant growth potential. As a public company, we have the ability to hold investments indefinitely, which has provided the management teams of our holdings with a stable ownership platform since our inception in 1961.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Capital Southwest right now?
Before you consider Capital Southwest, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Capital Southwest didn’t make the list.
While Capital Southwest currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here