CSW Industrials, Inc. (NASDAQ:CSWI) to Post Q1 2023 Earnings of $1.37 Per Share, Barrington Research Forecasts

CSW Industrials, Inc. (NASDAQ:CSWIGet Rating) – Equities researchers at Barrington Research issued their Q1 2023 earnings per share estimates for shares of CSW Industrials in a research note issued on Thursday, May 19th. Barrington Research analyst C. Howe forecasts that the basic materials company will post earnings of $1.37 per share for the quarter. Barrington Research has a “Outperform” rating on the stock. Barrington Research also issued estimates for CSW Industrials’ Q2 2023 earnings at $1.39 EPS, Q3 2023 earnings at $0.93 EPS, Q4 2023 earnings at $1.40 EPS, FY2023 earnings at $5.10 EPS and FY2024 earnings at $5.91 EPS.

CSW Industrials (NASDAQ:CSWIGet Rating) last posted its quarterly earnings results on Wednesday, May 18th. The basic materials company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.13. CSW Industrials had a net margin of 10.34% and a return on equity of 15.18%. During the same period in the previous year, the company earned $0.88 earnings per share.

CSWI has been the topic of several other research reports. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a research report on Friday, May 13th. Zacks Investment Research lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. Finally, Sidoti assumed coverage on shares of CSW Industrials in a research report on Thursday, March 31st. They set a “buy” rating and a $149.00 price target on the stock.

NASDAQ:CSWI opened at $104.19 on Friday. The firm has a market capitalization of $1.65 billion, a P/E ratio of 25.41 and a beta of 0.82. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.55 and a quick ratio of 1.25. The company’s fifty day moving average price is $111.00 and its 200-day moving average price is $118.38. CSW Industrials has a 1-year low of $102.39 and a 1-year high of $145.50.

Hedge funds and other institutional investors have recently made changes to their positions in the company. UMB Bank N A MO acquired a new stake in shares of CSW Industrials in the fourth quarter valued at about $36,000. Public Employees Retirement System of Ohio grew its position in shares of CSW Industrials by 41.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 360 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 105 shares during the period. FIL Ltd grew its position in shares of CSW Industrials by 33.3% in the third quarter. FIL Ltd now owns 400 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 100 shares during the period. Elmwood Wealth Management Inc. acquired a new stake in shares of CSW Industrials in the fourth quarter valued at about $50,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of CSW Industrials in the third quarter valued at about $70,000. Institutional investors and hedge funds own 76.27% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Friday, April 29th were given a $0.17 dividend. This is a positive change from CSW Industrials’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, April 28th. This represents a $0.68 annualized dividend and a dividend yield of 0.65%. CSW Industrials’s dividend payout ratio (DPR) is 16.59%.

About CSW Industrials (Get Rating)

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through two segments, Industrial Products and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; grilles, registers, and diffusers; fire and smoke protection products; architecturally specified building products; and storage, filtration, and application equipment for use with its specialty chemicals and other products for general industrial applications.

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Earnings History and Estimates for CSW Industrials (NASDAQ:CSWI)

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