Capital Southwest Corporation (NASDAQ:CSWC) is set to announce second quarter earning results on Friday 30th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CSWC to report 2Q21 income of $ 0.39 per share from revenue of $ 15.75 million.
For the full year, analysts anticipate top line of $ 63.52 million, while looking forward to income of $ 1.58 per share bottom line.
Previous Quarter Performance
Capital Southwest Corporation recorded income for the first quarter of $ 0.38 per share, from the revenue of $ 15.16 million. The quarterly earnings declined 9.52 percent while revenues grew 1.34 percent compared with the same quarter last year. The top line results fell short of analysts by $ 0.33 million or 2.13 percent.
Stock Performance
Shares of Capital Southwest Corporation traded low $ -0.34 or -2.56 percent on Thursday, reaching $ 12.94 with volume of 186.60 thousand shares. Capital Southwest Corporation has traded high as $ 13.30 and has cracked $ 12.63 on the downward trend
According to the previous trading day, closing price of $ 12.94, representing a 79.70 % increase from the 52 week low of $ 7.39 and a 41.13 % decrease over the 52 week high of $ 22.56.
The company has a market capital of $ 240.53 million and is part of the Financial Services sector and Asset Management industry.
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.
