CSW Industrials (CSWI) Releases Earnings Results, Beats Estimates By $0.03 EPS

CSW Industrials (NASDAQ:CSWI) posted its quarterly earnings data on Thursday. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03, Morningstar.com reports. CSW Industrials had a return on equity of 10.77% and a net margin of 5.39%. The firm had revenue of $69.03 million during the quarter, compared to analysts’ expectations of $79.04 million. During the same period in the prior year, the business earned $0.12 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year.

CSW Industrials (CSWI) traded up $1.95 during midday trading on Friday, hitting $43.70. The stock had a trading volume of 43,123 shares, compared to its average volume of 34,699. CSW Industrials has a 12 month low of $34.05 and a 12 month high of $50.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.06 and a current ratio of 3.12. The company has a market cap of $711.45, a price-to-earnings ratio of 23.57 and a beta of 1.26.

A number of equities analysts have recently issued reports on the company. BidaskClub upgraded CSW Industrials from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. B. Riley reiterated a “buy” rating and issued a $60.00 price objective (up from $48.00) on shares of CSW Industrials in a report on Wednesday, November 1st. Sidoti assumed coverage on CSW Industrials in a report on Wednesday, December 20th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research upgraded CSW Industrials from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. CSW Industrials presently has a consensus rating of “Hold” and a consensus target price of $55.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of CSW Industrials in the 3rd quarter valued at about $129,000. Westwood Holdings Group Inc. bought a new stake in shares of CSW Industrials in the 2nd quarter valued at about $186,000. Teacher Retirement System of Texas bought a new stake in shares of CSW Industrials in the 4th quarter valued at about $250,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of CSW Industrials in the 3rd quarter valued at about $291,000. Finally, Voya Investment Management LLC lifted its stake in shares of CSW Industrials by 13.9% in the 2nd quarter. Voya Investment Management LLC now owns 8,436 shares of the basic materials company’s stock valued at $326,000 after acquiring an additional 1,027 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

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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.

Earnings History for CSW Industrials (NASDAQ:CSWI)

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