Analysts expect Capital Southwest Co. (NASDAQ:CSWC) to post $8.79 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Capital Southwest’s earnings, with estimates ranging from $8.67 million to $8.90 million. Capital Southwest reported sales of $6.87 million during the same quarter last year, which would suggest a positive year over year growth rate of 27.9%. The firm is expected to issue its next quarterly earnings report on Monday, February 5th.

On average, analysts expect that Capital Southwest will report full year sales of $8.79 million for the current financial year, with estimates ranging from $34.13 million to $34.62 million. For the next year, analysts forecast that the business will post sales of $43.19 million per share, with estimates ranging from $42.23 million to $44.14 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Capital Southwest.

Several brokerages have issued reports on CSWC. National Securities reaffirmed a “buy” rating and issued a $22.00 target price on shares of Capital Southwest in a research note on Monday, October 23rd. Robert W. Baird initiated coverage on Capital Southwest in a research note on Wednesday, August 30th. They issued an “outperform” rating and a $19.00 target price for the company. Zacks Investment Research raised Capital Southwest from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub raised Capital Southwest from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Ladenburg Thalmann Financial Services initiated coverage on Capital Southwest in a research note on Thursday, November 30th. They set a “buy” rating and a $19.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.00.

Shares of Capital Southwest (NASDAQ CSWC) traded up $0.04 during midday trading on Monday, hitting $17.07. The stock had a trading volume of 35,000 shares, compared to its average volume of 22,808. The stock has a market capitalization of $273.45, a price-to-earnings ratio of 18.97 and a beta of -0.55. The company has a quick ratio of 10.42, a current ratio of 10.41 and a debt-to-equity ratio of 0.19. Capital Southwest has a 52 week low of $15.04 and a 52 week high of $17.76.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date is Thursday, December 14th. This is a positive change from Capital Southwest’s previous quarterly dividend of $0.24. Capital Southwest’s dividend payout ratio is 55.49%.

In related news, VP Douglas M. Kelley acquired 1,500 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was purchased at an average price of $17.00 per share, with a total value of $25,500.00. Following the completion of the purchase, the vice president now owns 66,135 shares in the company, valued at approximately $1,124,295. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new position in shares of Capital Southwest during the second quarter valued at approximately $179,000. JPMorgan Chase & Co. raised its holdings in shares of Capital Southwest by 8.3% during the second quarter. JPMorgan Chase & Co. now owns 15,722 shares of the asset manager’s stock valued at $253,000 after acquiring an additional 1,207 shares in the last quarter. Bard Associates Inc. bought a new position in shares of Capital Southwest during the second quarter valued at approximately $263,000. Wedbush Securities Inc. raised its holdings in shares of Capital Southwest by 27.5% during the second quarter. Wedbush Securities Inc. now owns 21,804 shares of the asset manager’s stock valued at $351,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Capital Southwest by 10.8% during the second quarter. Prudential Financial Inc. now owns 22,500 shares of the asset manager’s stock valued at $362,000 after acquiring an additional 2,200 shares in the last quarter. 60.03% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/11/zacks-brokerages-anticipate-capital-southwest-co-cswc-will-announce-quarterly-sales-of-8-79-million.html.

Capital Southwest Company Profile

Capital Southwest Corporation is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity and equity related investments.

Get a free copy of the Zacks research report on Capital Southwest (CSWC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Capital Southwest Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Southwest Co. and related companies with MarketBeat.com's FREE daily email newsletter.