Capital Southwest (NASDAQ:CSWC) Releases Q3 Earnings Guidance

Capital Southwest (NASDAQ:CSWC) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.62-$0.63 for the period, compared to the consensus estimate of $0.62.

Capital Southwest Price Performance

Capital Southwest stock traded up $0.22 during mid-day trading on Wednesday, reaching $22.26. 339,052 shares of the company’s stock traded hands, compared to its average volume of 393,124. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 13.57 and a beta of 1.24. Capital Southwest has a 12-month low of $20.68 and a 12-month high of $27.23. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $22.40 and a two-hundred day moving average of $24.26.

Capital Southwest (NASDAQ:CSWC) last announced its earnings results on Monday, October 28th. The asset manager reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.01. The firm had revenue of $48.71 million during the quarter, compared to analysts’ expectations of $49.79 million. Capital Southwest had a return on equity of 15.54% and a net margin of 37.77%. During the same quarter in the previous year, the business earned $0.69 EPS. Equities analysts forecast that Capital Southwest will post 2.53 earnings per share for the current year.

Capital Southwest Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.52 annualized dividend and a dividend yield of 11.32%. Capital Southwest’s dividend payout ratio (DPR) is presently 141.46%.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price objective on shares of Capital Southwest from $24.00 to $24.50 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th.

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.