Brokerages Expect CSW Industrials Inc (CSWI) to Post $0.29 EPS

CSW Industrials Inc (NASDAQ:CSWI) has received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. CSW Industrials’ rating score has declined by 100% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 1 year consensus price target of $60.00 for the company and are predicting that the company will post $0.29 EPS for the current quarter, according to Zacks. Zacks has also assigned CSW Industrials an industry rank of 192 out of 265 based on the ratings given to its competitors.

A number of equities research analysts recently weighed in on CSWI shares. Zacks Investment Research cut CSW Industrials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. B. Riley reissued a “buy” rating and issued a $60.00 price objective (up from $48.00) on shares of CSW Industrials in a report on Wednesday, November 1st. Sidoti assumed coverage on CSW Industrials in a report on Wednesday, December 20th. They issued a “neutral” rating on the stock. Finally, BidaskClub lowered CSW Industrials from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th.

Institutional investors and hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas acquired a new position in CSW Industrials in the fourth quarter worth approximately $250,000. Strs Ohio increased its holdings in shares of CSW Industrials by 575.0% during the 4th quarter. Strs Ohio now owns 10,800 shares of the basic materials company’s stock worth $496,000 after purchasing an additional 9,200 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of CSW Industrials by 5.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 76,876 shares of the basic materials company’s stock worth $3,533,000 after purchasing an additional 4,091 shares during the period. Janus Henderson Group PLC increased its holdings in shares of CSW Industrials by 7.4% during the 3rd quarter. Janus Henderson Group PLC now owns 964,571 shares of the basic materials company’s stock worth $42,779,000 after purchasing an additional 66,815 shares during the period. Finally, Zuckerman Investment Group LLC increased its holdings in shares of CSW Industrials by 0.4% during the 3rd quarter. Zuckerman Investment Group LLC now owns 966,214 shares of the basic materials company’s stock worth $42,852,000 after purchasing an additional 4,055 shares during the period. 67.73% of the stock is currently owned by institutional investors.

CSW Industrials (NASDAQ CSWI) traded down $0.65 during midday trading on Wednesday, hitting $44.20. The stock had a trading volume of 12,830 shares, compared to its average volume of 32,020. The company has a market cap of $716.24, a P/E ratio of 37.38 and a beta of 1.26. The company has a current ratio of 3.12, a quick ratio of 2.06 and a debt-to-equity ratio of 0.18. CSW Industrials has a 52-week low of $34.05 and a 52-week high of $50.00.

CSW Industrials (NASDAQ:CSWI) last released its earnings results on Wednesday, November 8th. The basic materials company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.01. CSW Industrials had a return on equity of 10.77% and a net margin of 5.39%. The firm had revenue of $90.40 million for the quarter, compared to the consensus estimate of $91.52 million. During the same quarter in the previous year, the company posted $0.48 EPS. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. research analysts expect that CSW Industrials will post 1.99 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/02/07/brokerages-expect-csw-industrials-inc-cswi-to-post-0-29-eps.html.

CSW Industrials Company Profile

CSW Industrials, Inc (CSWI) is a diversified industrial growth company. The Company operates through three segments: Industrial Products; Coatings, Sealants & Adhesives, and Specialty Chemicals. The Industrial Products segment consists of specialty mechanical products; fire and smoke protection products; architecturally specified building products, and storage, filtration and application equipment.

Get a free copy of the Zacks research report on CSW Industrials (CSWI)

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

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

Leave a Reply