CSW Industrials (NASDAQ:CSWI) issued its quarterly earnings results on Thursday. The basic materials company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.10, Briefing.com reports. The business had revenue of $102.30 million during the quarter, compared to analysts’ expectations of $98.13 million. CSW Industrials had a return on equity of 17.62% and a net margin of 13.53%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share.
Shares of CSWI stock traded down $0.91 during trading on Friday, hitting $69.40. The company had a trading volume of 105,249 shares, compared to its average volume of 79,595. The company has a quick ratio of 2.03, a current ratio of 3.08 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 23.59 and a beta of 1.05. The stock’s 50-day simple moving average is $68.85. CSW Industrials has a one year low of $41.50 and a one year high of $75.67.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Tuesday, July 30th will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Monday, July 29th.
Separately, BidaskClub upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.
About CSW Industrials
CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. The company operates through two segments, Industrial Products and Specialty Chemicals. The Industrial Products segment offers specialty mechanical products; fire and smoke protection products; architecturally-specified building products; and storage, filtration, and application equipment for use with specialty chemicals and other products.
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