CSW Industrials (CSWI) to Release Earnings on Wednesday

CSW Industrials (NASDAQ:CSWI) is set to post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect CSW Industrials to post earnings of $2.19 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

CSW Industrials (NASDAQ:CSWI) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.29. The firm had revenue of $226.18 million for the quarter, compared to analyst estimates of $215.40 million. CSW Industrials had a return on equity of 19.19% and a net margin of 13.44%. During the same period in the prior year, the firm posted $1.97 EPS. On average, analysts expect CSW Industrials to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

CSW Industrials Stock Performance

NASDAQ CSWI opened at $389.85 on Wednesday. The company has a market capitalization of $6.06 billion, a P/E ratio of 59.70, a P/E/G ratio of 2.99 and a beta of 0.77. CSW Industrials has a 12-month low of $167.27 and a 12-month high of $398.80. The company has a quick ratio of 1.44, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $347.39 and a two-hundred day moving average price of $293.53.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 25th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.25%. This is a boost from CSW Industrials’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is 14.70%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of CSW Industrials from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th.

Insider Buying and Selling

In other news, CEO Joseph B. Armes sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $341.37, for a total value of $341,370.00. Following the transaction, the chief executive officer now owns 51,579 shares in the company, valued at approximately $17,607,523.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by corporate insiders.

CSW Industrials Company Profile

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.