FY2018 EPS Estimates for CSW Industrials Inc Boosted by Analyst (CSWI)

CSW Industrials Inc (NASDAQ:CSWI) – Equities researchers at B. Riley increased their FY2018 earnings estimates for CSW Industrials in a research report issued on Monday. B. Riley analyst L. Burke now expects that the basic materials company will earn $2.01 per share for the year, up from their previous estimate of $1.99. B. Riley has a “Buy” rating and a $60.00 price target on the stock.

CSW Industrials (NASDAQ:CSWI) last released its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. CSW Industrials had a positive return on equity of 11.16% and a negative net margin of 4.49%. The company had revenue of $69.03 million for the quarter, compared to analyst estimates of $79.04 million. During the same period in the previous year, the company posted $0.12 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded CSW Industrials from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Tuesday, January 2nd. BidaskClub upgraded CSW Industrials from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Finally, Sidoti began coverage on CSW Industrials in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. CSW Industrials presently has an average rating of “Hold” and a consensus price target of $55.50.

CSW Industrials (NASDAQ CSWI) traded up $0.25 during trading hours on Tuesday, hitting $45.90. The company had a trading volume of 107,500 shares, compared to its average volume of 40,370. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.99 and a current ratio of 3.03. CSW Industrials has a 12 month low of $34.05 and a 12 month high of $50.00. The company has a market cap of $728.99, a price-to-earnings ratio of -45.90 and a beta of 1.26.

A number of hedge funds and other institutional investors have recently made changes to their positions in CSWI. SG Americas Securities LLC bought a new position in CSW Industrials in the 3rd quarter worth about $129,000. Westwood Holdings Group Inc. bought a new position in CSW Industrials in the 2nd quarter worth about $186,000. Teacher Retirement System of Texas bought a new position in CSW Industrials in the 4th quarter worth about $250,000. Dynamic Technology Lab Private Ltd bought a new position in CSW Industrials in the 3rd quarter worth about $291,000. Finally, Voya Investment Management LLC increased its stake in CSW Industrials by 13.9% in the 2nd quarter. Voya Investment Management LLC now owns 8,436 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 1,027 shares during the last quarter. Institutional investors and hedge funds own 67.54% of the company’s stock.

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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.

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