CSW Industrials Inc Expected to Earn Q4 2018 Earnings of $0.49 Per Share (CSWI)

CSW Industrials Inc (NASDAQ:CSWI) – B. Riley decreased their Q4 2018 earnings per share (EPS) estimates for shares of CSW Industrials in a report released on Monday. B. Riley analyst L. Burke now anticipates that the basic materials company will post earnings per share of $0.49 for the quarter, down from their previous forecast of $0.51. B. Riley has a “Buy” rating and a $60.00 price objective on the stock. B. Riley also issued estimates for CSW Industrials’ FY2019 earnings at $2.88 EPS.

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

CSWI has been the subject of a number of other research reports. BidaskClub lowered CSW Industrials from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Sidoti started coverage on CSW Industrials in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research lowered CSW Industrials from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. One 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. The company currently has an average rating of “Hold” and an average target price of $55.50.

CSW Industrials (NASDAQ CSWI) traded up $0.05 during midday trading on Wednesday, hitting $45.40. The stock had a trading volume of 47,464 shares, compared to its average volume of 41,088. The company has a market capitalization of $732.99, a price-to-earnings ratio of -45.40 and a beta of 1.26. 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 1 year low of $34.05 and a 1 year high of $50.00.

In related news, Chairman Joseph B. Armes sold 4,250 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.89, for a total transaction of $195,032.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CSWI. Janus Henderson Group PLC bought a new position in CSW Industrials during the second quarter valued at approximately $34,698,000. EAM Investors LLC bought a new position in CSW Industrials during the fourth quarter valued at approximately $2,213,000. King Luther Capital Management Corp bought a new position in CSW Industrials during the third quarter valued at approximately $2,048,000. Dimensional Fund Advisors LP boosted its stake in CSW Industrials by 18.6% during the third quarter. Dimensional Fund Advisors LP now owns 242,438 shares of the basic materials company’s stock valued at $10,752,000 after buying an additional 37,990 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in CSW Industrials by 5.4% during the second quarter. Vanguard Group Inc. now owns 661,965 shares of the basic materials company’s stock valued at $25,586,000 after buying an additional 33,648 shares during the last quarter. 67.54% of the stock is owned by institutional investors.

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About CSW Industrials

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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