Capital Southwest (NASDAQ:CSWC) Releases 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, beating analysts’ consensus estimates of $0.65 by $0.01, Briefing.com reports. The firm had revenue of $48.71 million during the quarter, compared to analyst estimates of $49.79 million. Capital Southwest had a net margin of 38.92% and a return on equity of 15.70%. During the same period last year, the firm posted $0.69 earnings per share.

Capital Southwest Stock Down 4.8 %

Shares of CSWC opened at $24.48 on Wednesday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $25.22 and a 200 day moving average of $25.54. The company has a market cap of $1.12 billion, a PE ratio of 11.95 and a beta of 1.24. Capital Southwest has a 52-week low of $20.85 and a 52-week high of $27.23.

Capital Southwest Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 10.29%. The ex-dividend date of this dividend is Friday, December 13th. Capital Southwest’s dividend payout ratio is currently 113.17%.

Analyst Ratings Changes

Separately, B. Riley dropped their price objective on shares of Capital Southwest from $25.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th.

About Capital Southwest

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.