Curtiss-Wright Corp. (CW) to Release Quarterly Earnings on Wednesday
Curtiss-Wright Corp. (NYSE:CW) is set to announce its Q313 earnings results on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.77 per share and revenue of $606.11 million for the quarter. Curtiss-Wright Corp. has set its FY13 guidance at $2.75-2.85 EPS.
Curtiss-Wright Corp. (NYSE:CW) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. The company had revenue of $617.70 million for the quarter, compared to the consensus estimate of $603.47 million. During the same quarter last year, the company posted $0.48 earnings per share. Curtiss-Wright Corp.’s revenue was up 17.3% compared to the same quarter last year. On average, analysts expect Curtiss-Wright Corp. to post $2.82 EPS for the current fiscal year and $3.29 EPS for the next fiscal year.
Curtiss-Wright Corp. (NYSE:CW) traded up 0.12% on Tuesday, hitting $50.15. 327,751 shares of the company’s stock traded hands. Curtiss-Wright Corp. has a 52 week low of $28.95 and a 52 week high of $46.83. The stock has a 50-day moving average of $42.75 and a 200-day moving average of $37.34. The company has a market cap of $2.361 billion and a price-to-earnings ratio of 22.83.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Curtiss-Wright Corp. from $45.00 to $46.00 in a research note to investors on Wednesday, October 9th. They now have a “hold” rating on the stock. On the ratings front, analysts at Topeka Capital Markets initiated coverage on shares of Curtiss-Wright Corp. in a research note to investors on Tuesday, August 27th. They set a “buy” rating and a $50.00 price target on the stock. Finally, analysts at Merrill Lynch initiated coverage on shares of Curtiss-Wright Corp. in a research note to investors on Thursday, August 8th. They set a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Curtiss-Wright Corp. has an average rating of “Hold” and a consensus target price of $44.17.
Curtiss-Wright Corporation is a diversified, multinational provider of engineered, technologically advanced products and services.
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