Capital Southwest (NASDAQ:CSWC) Posts Earnings Results, Beats Estimates By $0.01 EPS

Capital Southwest (NASDAQ:CSWC) posted its earnings results on Monday. The asset manager reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01, Briefing.com reports. The business had revenue of $48.71 million for the quarter, compared to analyst estimates of $49.79 million. Capital Southwest had a return on equity of 15.70% and a net margin of 38.92%. During the same period in the previous year, the firm earned $0.69 EPS.

Capital Southwest Stock Performance

NASDAQ CSWC traded down $0.08 on Wednesday, reaching $24.40. The stock had a trading volume of 214,240 shares, compared to its average volume of 295,295. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a fifty day moving average of $25.21 and a two-hundred day moving average of $25.54. Capital Southwest has a 1-year low of $21.15 and a 1-year high of $27.23. The company has a market cap of $1.12 billion, a P/E ratio of 11.85 and a beta of 1.24.

Capital Southwest Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 10.33%. The ex-dividend date of this dividend is Friday, December 13th. Capital Southwest’s dividend payout ratio is 113.17%.

Analyst Ratings Changes

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

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.