Capital Southwest (NASDAQ:CSWC) Updates Q3 Earnings Guidance

Capital Southwest (NASDAQ:CSWC) updated its third quarter earnings guidance on Wednesday. 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 Stock Up 1.0 %

Capital Southwest stock traded up $0.22 during trading on Wednesday, reaching $22.26. 339,052 shares of the company’s stock were exchanged, compared to its average volume of 396,413. Capital Southwest has a 52-week low of $20.68 and a 52-week high of $27.23. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 13.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.16 and a current ratio of 0.16. The company’s 50-day moving average is $22.40 and its two-hundred day moving average is $24.26.

Capital Southwest (NASDAQ:CSWC) last posted its earnings results on Monday, October 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The business had revenue of $48.71 million during the quarter, compared to analyst estimates 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 last year, the firm earned $0.69 earnings per share. On average, analysts predict 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 given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 11.32%. Capital Southwest’s payout ratio is currently 141.46%.

Analyst Ratings Changes

Separately, B. Riley lifted their price target 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.

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.