CSW Industrials (NASDAQ:CSWI) Releases Earnings Results, Beats Estimates By $0.09 EPS

CSW Industrials (NASDAQ:CSWI) issued its earnings results on Wednesday. The basic materials company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09, MarketWatch Earnings reports. The business had revenue of $98.50 million during the quarter. CSW Industrials had a return on equity of 17.19% and a net margin of 11.89%.

NASDAQ CSWI opened at $66.15 on Friday. CSW Industrials has a 1-year low of $50.13 and a 1-year high of $81.06. The company has a market capitalization of $974.63 million, a P/E ratio of 20.68 and a beta of 0.81. The business has a 50 day moving average price of $65.04 and a 200 day moving average price of $71.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.54 and a quick ratio of 1.90.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Friday, May 1st were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, April 30th.

A number of equities analysts have recently issued reports on CSWI shares. Sidoti cut their target price on CSW Industrials from $72.00 to $67.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. BidaskClub downgraded CSW Industrials from a “buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, ValuEngine raised CSW Industrials from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd.

In related news, CEO Joseph B. Armes sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $65.03, for a total value of $162,575.00. Following the completion of the transaction, the chief executive officer now directly owns 49,575 shares of the company’s stock, valued at approximately $3,223,862.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Storch Debra Von acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $63.82 per share, with a total value of $63,820.00. Following the completion of the purchase, the director now directly owns 2,825 shares in the company, valued at $180,291.50. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.

CSW Industrials Company Profile

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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Earnings History for CSW Industrials (NASDAQ:CSWI)

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