Q3 2017 Earnings Forecast for Curtiss-Wright Corporation Issued By Seaport Global Securities (CW)
Curtiss-Wright Corporation (NYSE:CW) – Equities researchers at Seaport Global Securities lifted their Q3 2017 EPS estimates for Curtiss-Wright Corporation in a research report issued to clients and investors on Friday. Seaport Global Securities analyst R. Cassil now expects that the aerospace company will earn $1.16 per share for the quarter, up from their previous estimate of $1.14. Seaport Global Securities also issued estimates for Curtiss-Wright Corporation’s Q4 2017 earnings at $1.56 EPS, FY2017 earnings at $4.57 EPS, Q2 2018 earnings at $1.23 EPS, Q4 2018 earnings at $1.71 EPS and FY2018 earnings at $5.09 EPS.
Curtiss-Wright Corporation (NYSE:CW) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.16. The company had revenue of $567.70 million during the quarter, compared to analysts’ expectations of $546.73 million. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share. WARNING: This piece was posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/07/q3-2017-earnings-forecast-for-curtiss-wright-corporation-issued-by-seaport-global-securities-cw.html.
Several other research firms have also weighed in on CW. Zacks Investment Research lowered shares of Curtiss-Wright Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. SunTrust Banks, Inc. upgraded shares of Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $103.00 to $112.00 in a research note on Monday, June 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Curtiss-Wright Corporation has an average rating of “Buy” and an average price target of $104.00.
Curtiss-Wright Corporation (NYSE:CW) opened at 97.00 on Monday. Curtiss-Wright Corporation has a 12-month low of $82.77 and a 12-month high of $107.61. The firm has a market cap of $4.28 billion, a PE ratio of 22.01 and a beta of 1.25. The stock has a 50 day moving average of $93.26 and a 200 day moving average of $93.21.
In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total transaction of $125,008.00. Following the completion of the sale, the director now owns 14,960 shares in the company, valued at approximately $1,438,553.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. World Asset Management Inc raised its stake in shares of Curtiss-Wright Corporation by 1.8% in the first quarter. World Asset Management Inc now owns 2,716 shares of the aerospace company’s stock worth $248,000 after buying an additional 49 shares during the period. Paloma Partners Management Co increased its position in Curtiss-Wright Corporation by 12.8% in the first quarter. Paloma Partners Management Co now owns 36,450 shares of the aerospace company’s stock worth $3,327,000 after buying an additional 4,123 shares in the last quarter. Bank of Nova Scotia purchased a new position in Curtiss-Wright Corporation during the first quarter worth about $13,689,000. Bank of New York Mellon Corp increased its position in Curtiss-Wright Corporation by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 944,060 shares of the aerospace company’s stock worth $86,157,000 after buying an additional 44,555 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Curtiss-Wright Corporation by 17.7% in the first quarter. Bank of America Corp DE now owns 187,591 shares of the aerospace company’s stock worth $17,119,000 after buying an additional 28,173 shares in the last quarter. Institutional investors and hedge funds own 77.03% of the company’s stock.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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