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

Capital Southwest (NASDAQ:CSWC - Get Free Report) issued its quarterly earnings data 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. Capital Southwest had a return on equity of 15.70% and a net margin of 38.92%. The business had revenue of $48.71 million for the quarter, compared to the consensus estimate of $49.79 million. During the same period last year, the business earned $0.69 EPS.

Capital Southwest Stock Performance

Shares of CSWC traded down $1.24 on Tuesday, reaching $24.48. 584,425 shares of the stock traded hands, compared to its average volume of 295,682. The stock's 50-day moving average price is $25.22 and its 200-day moving average price is $25.54. 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 market cap of $1.12 billion, a price-to-earnings ratio of 11.95 and a beta of 1.24. Capital Southwest has a 12 month low of $20.85 and a 12 month high of $27.23.

Capital Southwest Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from Capital Southwest's previous quarterly dividend of $0.57. This represents a $2.56 dividend on an annualized basis and a dividend yield of 10.46%. Capital Southwest's payout ratio is currently 113.17%.

Wall Street Analysts Forecast Growth

Separately, B. Riley dropped their price target on Capital Southwest from $25.00 to $24.00 and set a "neutral" rating on the stock in a research report 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.