CSW Industrials (NASDAQ:CSWI) Issues Earnings Results, Beats Expectations By $0.29 EPS

CSW Industrials (NASDAQ:CSWI) released its quarterly earnings data on Wednesday. The basic materials company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.29, Zacks reports. CSW Industrials had a net margin of 13.44% and a return on equity of 19.19%. The company had revenue of $226.18 million during the quarter, compared to analyst estimates of $215.40 million. During the same period in the prior year, the firm earned $1.97 earnings per share.

CSW Industrials Stock Down 2.6 %

Shares of CSWI traded down $8.16 during mid-day trading on Friday, hitting $306.91. 106,371 shares of the company traded hands, compared to its average volume of 104,339. CSW Industrials has a 1-year low of $167.21 and a 1-year high of $327.04. The company has a quick ratio of 1.56, a current ratio of 2.73 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $4.77 billion, a PE ratio of 47.00, a price-to-earnings-growth ratio of 2.51 and a beta of 0.77. The business has a 50 day moving average of $274.40 and a 200 day moving average of $246.84.

CSW Industrials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 26th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.84 annualized dividend and a dividend yield of 0.27%. CSW Industrials’s dividend payout ratio (DPR) is currently 12.86%.

Insider Activity

In other news, CEO Joseph B. Armes sold 1,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $285.79, for a total transaction of $285,790.00. Following the transaction, the chief executive officer now owns 53,579 shares in the company, valued at $15,312,342.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CSWI shares. CL King started coverage on shares of CSW Industrials in a report on Friday, June 21st. They issued a “buy” rating for the company. StockNews.com upgraded shares of CSW Industrials from a “hold” rating to a “buy” rating in a report on Friday.

About CSW Industrials

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.