Brokers expect CSW Industrials, Inc. (NASDAQ:CSWI – Get Rating) to post earnings per share (EPS) of $1.37 for the current quarter, Zacks reports. Zero analysts provided earnings estimates for CSW Industrials. CSW Industrials reported earnings of $1.46 per share in the same quarter last year, indicating a negative 6.2% year-over-year growth rate. The company is expected to release its next results on Monday, January 1.
On average, analysts expect CSW Industrials to report annual earnings of $5.10 per share for the current fiscal year. For next year, analysts expect the company to post earnings of $5.91 per share. Zacks’ earnings per share calculations are an average average based on a survey of sell-side analysts who follow CSW Industrials.
CSW Industrials (NASDAQ:CSWI – Get Rating) last reported quarterly results on Wednesday, May 18. The basic materials company reported EPS of $1.17 for the quarter, beating the consensus estimate of $1.04 by $0.13. CSW Industrials had a return on equity of 15.18% and a net margin of 10.34%. In the same quarter last year, the company posted EPS of $0.88.
A biopharmaceutical company, an interactive technology, a refrigeration services company and a specialty pharmaceutical company…
These 4 penny stocks are about to skyrocket.
Click here for the names of the 4 penny stocks.
Several equity research analysts have recently commented on the company. Sidoti assumed coverage for CSW Industrials in a Thursday, March 31 research note. They have set a “buy” rating and a price target of $149.00 on the stock. Zacks Investment Research downgraded CSW Industrials from a “buy” rating to a “hold” rating in a Wednesday, April 6 research note. Barrington Research reaffirmed an “outperform” rating on CSW Industrials shares in a Thursday, Jan. 27 research note. Finally, StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a Friday, May 13 research note.
Shares of NASDAQ:CSWI traded at $1.49 during Friday’s trading, hitting $105.68. 40,938 shares were traded, against an average volume of 45,565. The company has a fifty-day moving average price of $110.75 and a two-hundred-day moving average price of $118.12. The company has a market capitalization of $1.67 billion, a PE ratio of 25.78 and a beta of 0.82. The company has a current ratio of 2.55, a quick ratio of 1.25 and a debt ratio of 0.50. CSW Industrials has a 12-month low of $102.37 and a 12-month high of $145.50.
The company also recently declared a quarterly dividend, which was paid on Friday, May 13. Shareholders of record on Friday, April 29 received a dividend of $0.17. The ex-dividend date was Thursday, April 28. This is an increase from CSW Industrials’ previous quarterly dividend of $0.15. This represents an annualized dividend of $0.68 and a yield of 0.64%. The CSW Industrials payout ratio is 16.59%.
A number of institutional investors and hedge funds have recently changed their holdings in CSWI. Allspring Global Investments Holdings LLC acquired a new position in CSW Industrials in Q4 worth $145,417,000. Goldman Sachs Group Inc. increased its equity stake in CSW Industrials by 850.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 115,193 shares of the basic materials company worth $13,923,000 after buying an additional 103,067 shares in the last quarter. Neuberger Berman Group LLC increased its equity stake in CSW Industrials by 7.0% during the third quarter. Neuberger Berman Group LLC now owns 947,346 shares of the basic materials company worth $120,976,000 after purchasing an additional 61,573 shares in the last quarter. BlackRock Inc. increased its equity stake in CSW Industrials by 5.6% during the third quarter. BlackRock Inc. now owns 983,667 shares of the basic materials company worth $125,615,000 after buying an additional 52,054 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in CSW Industrials shares by 165.4% during the 4th quarter. JPMorgan Chase & Co. now owns 70,938 shares of the basic materials company worth $8,573,000 after buying an additional 44,211 shares in the last quarter. Institutional investors hold 76.27% of the company’s shares.
About CSW Industrials (Get an assessment)
CSW Industrials, Inc. operates as a diversified industrial company in the United States and internationally. It operates through two segments, Industrials and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; grilles, registers and diffusers; fire and smoke protection products; architecturally specified building products; and storage, filtration and application equipment for use with its specialty chemicals and other products for general industrial applications.
Featured articles
Get a Free Copy of Zacks Research Report on CSW Industrials (CSWI)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in CSW Industrials right now?
Before you consider CSW Industrials, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and CSW Industrials wasn’t on the list.
Although CSW Industrials currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here
Comments are closed.