CSW Industrials, Inc. (NASDAQ:CSWI) is expected to report earnings of $1.37 per share
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.
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.
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