Equities analysts forecast that Capital Southwest Corporation (NASDAQ:CSWC) will post $8.88 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Capital Southwest Corporation’s earnings, with estimates ranging from $8.81 million to $8.95 million. Capital Southwest Corporation posted sales of $6.87 million during the same quarter last year, which would indicate a positive year over year growth rate of 29.3%. The company is expected to report its next quarterly earnings report on Monday, February 5th.

According to Zacks, analysts expect that Capital Southwest Corporation will report full year sales of $8.88 million for the current year, with estimates ranging from $33.90 million to $34.38 million. For the next fiscal year, analysts anticipate that the business will post sales of $43.61 million per share, with estimates ranging from $42.79 million to $44.43 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Capital Southwest Corporation.

Several equities research analysts have recently commented on CSWC shares. National Securities reaffirmed a “buy” rating and issued a $22.00 target price on shares of Capital Southwest Corporation in a research report on Friday, August 11th. BidaskClub raised shares of Capital Southwest Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Robert W. Baird assumed coverage on shares of Capital Southwest Corporation in a research report on Wednesday, August 30th. They set an “outperform” rating and a $19.00 price target for the company. Finally, Zacks Investment Research cut shares of Capital Southwest Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Capital Southwest Corporation currently has a consensus rating of “Buy” and an average target price of $20.25.

In related news, major shareholder Moab Capital Partners Llc sold 53,270 shares of Capital Southwest Corporation stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $17.30, for a total transaction of $921,571.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Punch & Associates Investment Management Inc. raised its holdings in Capital Southwest Corporation by 4.7% in the second quarter. Punch & Associates Investment Management Inc. now owns 1,784,841 shares of the asset manager’s stock worth $28,700,000 after buying an additional 79,522 shares during the last quarter. Zuckerman Investment Group LLC raised its holdings in Capital Southwest Corporation by 0.6% in the second quarter. Zuckerman Investment Group LLC now owns 1,269,287 shares of the asset manager’s stock worth $20,410,000 after buying an additional 7,624 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Capital Southwest Corporation by 1.7% in the second quarter. Russell Investments Group Ltd. now owns 114,753 shares of the asset manager’s stock worth $1,846,000 after buying an additional 1,937 shares during the last quarter. New York State Common Retirement Fund raised its holdings in Capital Southwest Corporation by 12.3% in the second quarter. New York State Common Retirement Fund now owns 103,139 shares of the asset manager’s stock worth $1,658,000 after buying an additional 11,299 shares during the last quarter. Finally, Cove Street Capital LLC raised its holdings in Capital Southwest Corporation by 9.5% in the second quarter. Cove Street Capital LLC now owns 95,657 shares of the asset manager’s stock worth $1,538,000 after buying an additional 8,300 shares during the last quarter. 61.76% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “$8.88 Million in Sales Expected for Capital Southwest Corporation (CSWC) This Quarter” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/11/07/8-88-million-in-sales-expected-for-capital-southwest-corporation-cswc-this-quarter.html.

Capital Southwest Corporation (CSWC) traded down $0.22 during mid-day trading on Thursday, hitting $16.95. 16,457 shares of the company’s stock traded hands, compared to its average volume of 16,594. Capital Southwest Corporation has a 1-year low of $13.84 and a 1-year high of $17.76. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $271.31, a price-to-earnings ratio of 22.84 and a beta of 0.55.

About Capital Southwest Corporation

Capital Southwest Corporation is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity and equity related investments.

Get a free copy of the Zacks research report on Capital Southwest Corporation (CSWC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Capital Southwest Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Southwest Corporation and related stocks with our FREE daily email newsletter.