Curtiss-Wright Corporation (CW) Expected to Post Earnings of $1.21 Per Share
Wall Street brokerages predict that Curtiss-Wright Corporation (NYSE:CW) will report earnings per share (EPS) of $1.21 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Curtiss-Wright Corporation’s earnings, with the lowest EPS estimate coming in at $1.16 and the highest estimate coming in at $1.26. Curtiss-Wright Corporation posted earnings of $1.02 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.6%. The company is scheduled to report its next earnings report on Wednesday, October 25th.
On average, analysts expect that Curtiss-Wright Corporation will report full year earnings of $4.55 per share for the current fiscal year, with EPS estimates ranging from $4.50 to $4.66. For the next financial year, analysts anticipate that the business will post earnings of $5.00 per share, with EPS estimates ranging from $4.86 to $5.27. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Curtiss-Wright Corporation.
Curtiss-Wright Corporation (NYSE:CW) last released its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.16. The business had revenue of $567.70 million during the quarter, compared to the consensus estimate of $546.73 million. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 EPS.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Curtiss-Wright Corporation from a “sell” rating to a “hold” rating in a report on Friday, May 5th. SunTrust Banks, Inc. upgraded Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and upped their price objective for the company from $103.00 to $112.00 in a report on Monday, June 5th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $104.00.
Curtiss-Wright Corporation (CW) traded up 0.12% on Tuesday, hitting $98.00. The stock had a trading volume of 35,466 shares. Curtiss-Wright Corporation has a one year low of $82.77 and a one year high of $107.61. The company has a market cap of $4.33 billion, a PE ratio of 22.23 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.
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In other news, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $90.65, for a total transaction of $117,845.00. Following the completion of the sale, the director now directly owns 16,260 shares of the company’s stock, valued at $1,473,969. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in shares of Curtiss-Wright Corporation during the fourth quarter valued at approximately $207,000. Teachers Advisors LLC increased its stake in shares of Curtiss-Wright Corporation by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 74,043 shares of the aerospace company’s stock valued at $7,283,000 after buying an additional 2,158 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Curtiss-Wright Corporation during the fourth quarter valued at approximately $2,798,000. Bank of Montreal Can increased its stake in shares of Curtiss-Wright Corporation by 0.9% in the first quarter. Bank of Montreal Can now owns 69,820 shares of the aerospace company’s stock valued at $6,371,000 after buying an additional 632 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Curtiss-Wright Corporation by 14.6% in the first quarter. Capstone Asset Management Co. now owns 4,232 shares of the aerospace company’s stock valued at $386,000 after buying an additional 540 shares in the last quarter. 77.03% of the stock is owned by institutional investors and hedge funds.
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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