Capital Southwest Corporation (NASDAQ:CSWC) is reporting first quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, CSWC is expected to report 1Q21 income of $ 0.38 per share from revenue of $ 15.49 million.
For the full year, analysts anticipate top line of $ 62.98 million, while looking forward to income of $ 1.55 per share bottom line.
Previous Quarter Performance
Capital Southwest Corporation recorded income for the fourth quarter of $ 0.37 per share, from the revenue of $ 15.04 million. The quarterly earnings down 7.50 percent while revenues gained 5.10 percent compared with the same quarter last year.
According to street consensus, CSWC was expected to report 4Q20 income of $ 0.39 per share from revenue of $ 15.63 million. The bottom line results missed street analysts by $ 0.02 or 5.13 percent, at the same time, top line results fell short of analysts by $ 0.59 million or 3.77 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CSWC was $ 13.31, representing a 80.11 % increase from the 52 week low of $ 7.39 and a 41.88 % decrease over the 52 week high of $ 22.90.
The company has a market capital of $ 239.55 million and is part of the Financial Services sector and Asset Management industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.41 per share on June 1, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
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, recapitalizations and growth capital investments. It does not invest in startups, publicly traded companies, real estate developments, project finance opportunities, oil and gas exploration businesses, troubled companies, turnarounds, and companies in which significant senior management is departing. In lower middle market, the firm typically invests in growth financing, bolt-on acquisitions, new platform acquisitions, refinancing, dividend recapitalizations, sponsor-led buyouts, and management buyouts situations.
