Brokerages Anticipate Capital Southwest Co. (NASDAQ:CSWC) Will Announce Quarterly Sales of $21.50 Million

Brokerages forecast that Capital Southwest Co. (NASDAQ:CSWCGet Rating) will post sales of $21.50 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Capital Southwest’s earnings, with the lowest sales estimate coming in at $21.32 million and the highest estimate coming in at $21.63 million. Capital Southwest reported sales of $17.17 million in the same quarter last year, which would suggest a positive year over year growth rate of 25.2%. The business is expected to announce its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Capital Southwest will report full year sales of $82.69 million for the current financial year, with estimates ranging from $82.51 million to $82.82 million. For the next financial year, analysts anticipate that the business will post sales of $92.30 million, with estimates ranging from $89.83 million to $95.95 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Capital Southwest.

A number of equities analysts recently weighed in on the stock. StockNews.com initiated coverage on shares of Capital Southwest in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research cut shares of Capital Southwest from a “buy” rating to a “hold” rating in a research report on Monday, February 7th. Hovde Group reduced their price objective on shares of Capital Southwest to $22.00 in a research report on Friday. Finally, TheStreet cut shares of Capital Southwest from a “b-” rating to a “c” rating in a research report on Friday, February 4th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Shares of CSWC opened at $21.56 on Friday. The company has a market cap of $515.84 million, a price-to-earnings ratio of 14.00 and a beta of 1.11. Capital Southwest has a 1-year low of $21.21 and a 1-year high of $28.41. The company’s fifty day simple moving average is $23.32 and its 200 day simple moving average is $24.77. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.56.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.91%. Capital Southwest’s payout ratio is presently 124.68%.

A number of institutional investors and hedge funds have recently bought and sold shares of CSWC. Morgan Stanley lifted its position in Capital Southwest by 94.3% during the second quarter. Morgan Stanley now owns 121,634 shares of the asset manager’s stock worth $2,825,000 after purchasing an additional 59,027 shares during the period. Wells Fargo & Company MN raised its stake in Capital Southwest by 23.2% during the second quarter. Wells Fargo & Company MN now owns 4,900 shares of the asset manager’s stock worth $114,000 after acquiring an additional 924 shares in the last quarter. Raymond James & Associates raised its stake in Capital Southwest by 51.7% during the third quarter. Raymond James & Associates now owns 33,629 shares of the asset manager’s stock worth $847,000 after acquiring an additional 11,461 shares in the last quarter. Deutsche Bank AG raised its stake in Capital Southwest by 160.3% during the third quarter. Deutsche Bank AG now owns 2,616 shares of the asset manager’s stock worth $66,000 after acquiring an additional 1,611 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its stake in Capital Southwest by 11.9% during the third quarter. Advisor Group Holdings Inc. now owns 36,726 shares of the asset manager’s stock worth $926,000 after acquiring an additional 3,915 shares in the last quarter. 24.47% of the stock is owned by institutional investors and hedge funds.

About Capital Southwest (Get Rating)

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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Earnings History and Estimates for Capital Southwest (NASDAQ:CSWC)

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