Capital Southwest (NASDAQ:CSWC) Announces Earnings Results

Capital Southwest (NASDAQ:CSWC) issued its quarterly earnings data on Monday. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01, Briefing.com reports. Capital Southwest had a net margin of 38.92% and a return on equity of 15.70%. The company had revenue of $48.71 million during the quarter, compared to the consensus estimate of $49.79 million. During the same quarter last year, the company earned $0.69 earnings per share.

Capital Southwest Price Performance

Shares of NASDAQ 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. Capital Southwest has a fifty-two week low of $20.85 and a fifty-two week high of $27.23. The business has a 50 day moving average price of $25.22 and a two-hundred day moving average price of $25.54. The firm has a market cap of $1.12 billion, a PE ratio of 11.95 and a beta of 1.24.

Capital Southwest Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 10.29%. The ex-dividend date is Friday, December 13th. Capital Southwest’s dividend payout ratio is currently 113.17%.

Wall Street Analyst Weigh In

Separately, B. Riley decreased their target price 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.

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.