Equities analysts expect that Curtiss-Wright Corporation (NYSE:CW) will post sales of $533.67 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Curtiss-Wright Corporation’s earnings. The lowest sales estimate is $528.90 million and the highest is $544.77 million. Curtiss-Wright Corporation reported sales of $507.09 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.2%. The firm is expected to announce its next earnings results after the market closes on Wednesday, October 25th.

According to Zacks, analysts expect that Curtiss-Wright Corporation will report full-year sales of $533.67 million for the current year, with estimates ranging from $2.20 billion to $2.25 billion. For the next fiscal year, analysts expect that the business will report sales of $2.30 billion per share, with estimates ranging from $2.28 billion to $2.32 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Curtiss-Wright Corporation.

Curtiss-Wright Corporation (NYSE:CW) last issued its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.16. Curtiss-Wright Corporation had a return on equity of 14.79% and a net margin of 9.14%. The business had revenue of $567.70 million for the quarter, compared to the consensus estimate of $546.73 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. Curtiss-Wright Corporation’s revenue for the quarter was up 6.6% compared to the same quarter last year.

Several analysts recently commented on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $128.00 price objective on shares of Curtiss-Wright Corporation in a research note on Friday. Zacks Investment Research raised Curtiss-Wright Corporation from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $117.00 price objective on shares of Curtiss-Wright Corporation in a research note on Tuesday, October 17th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $125.00 price objective on shares of Curtiss-Wright Corporation in a research note on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $120.40.

Curtiss-Wright Corporation (NYSE CW) opened at 114.08 on Monday. Curtiss-Wright Corporation has a one year low of $82.77 and a one year high of $114.92. The stock has a market cap of $5.04 billion, a P/E ratio of 25.88 and a beta of 1.25. The stock’s 50 day moving average price is $105.01 and its 200-day moving average price is $95.43.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Thursday, October 5th. This is an increase from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is presently 13.61%.

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In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of Curtiss-Wright Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $96.16, for a total value of $125,008.00. Following the sale, the director now owns 14,960 shares of the company’s stock, valued at approximately $1,438,553.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul J. Ferdenzi sold 2,340 shares of Curtiss-Wright Corporation stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $108.00, for a total value of $252,720.00. The disclosure for this sale can be found here. Insiders sold a total of 13,198 shares of company stock worth $1,405,374 in the last three months. Company insiders own 1.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantitative Systematic Strategies LLC acquired a new stake in shares of Curtiss-Wright Corporation in the 3rd quarter valued at about $212,000. Public Employees Retirement System of Ohio raised its stake in shares of Curtiss-Wright Corporation by 12.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,392 shares of the aerospace company’s stock valued at $220,000 after purchasing an additional 256 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Curtiss-Wright Corporation by 4.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 677,570 shares of the aerospace company’s stock valued at $62,271,000 after purchasing an additional 30,777 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Curtiss-Wright Corporation by 0.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,008 shares of the aerospace company’s stock valued at $1,561,000 after purchasing an additional 141 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Curtiss-Wright Corporation by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 97,162 shares of the aerospace company’s stock valued at $8,917,000 after purchasing an additional 408 shares during the period. 76.18% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Curtiss-Wright Corporation (NYSE:CW)

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