CSW Industrials Inc. (CSWI) Releases Earnings Results, Beats Expectations By $0.01 EPS
CSW Industrials Inc. (NASDAQ:CSWI) announced its quarterly earnings data on Friday. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. CSW Industrials had a net margin of 3.79% and a return on equity of 9.63%. The firm earned $80.10 million during the quarter, compared to analyst estimates of $83.12 million. The company’s quarterly revenue was down 4.3% compared to the same quarter last year.
Shares of CSW Industrials (NASDAQ:CSWI) opened at 34.30 on Tuesday. The stock has a market cap of $538.30 million and a price-to-earnings ratio of 25.79. The company has a 50 day moving average of $31.31 and a 200-day moving average of $32.53. CSW Industrials has a one year low of $27.84 and a one year high of $39.96.
In other news, Director Michael R. Gambrell acquired 3,500 shares of the stock in a transaction that occurred on Friday, August 19th. The shares were purchased at an average cost of $31.23 per share, for a total transaction of $109,305.00. Following the transaction, the director now directly owns 9,535 shares in the company, valued at approximately $297,778.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.
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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