Wall Street analysts expect Curtiss-Wright Corporation (NYSE:CW) to post $590.78 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Curtiss-Wright’s earnings, with the highest sales estimate coming in at $603.82 million and the lowest estimate coming in at $581.00 million. Curtiss-Wright posted sales of $565.57 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.5%. The company is scheduled to report its next earnings report on Wednesday, February 21st.
On average, analysts expect that Curtiss-Wright will report full year sales of $590.78 million for the current year, with estimates ranging from $2.24 billion to $2.28 billion. For the next year, analysts forecast that the firm will post sales of $2.35 billion per share, with estimates ranging from $2.31 billion to $2.38 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Curtiss-Wright.
Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.21. Curtiss-Wright had a net margin of 9.70% and a return on equity of 15.60%. The company had revenue of $567.90 million during the quarter, compared to analysts’ expectations of $539.28 million. During the same period last year, the business earned $1.02 EPS. Curtiss-Wright’s revenue for the quarter was up 12.0% on a year-over-year basis.
In other news, VP Paul J. Ferdenzi sold 6,907 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total value of $733,385.26. Following the transaction, the vice president now owns 19,467 shares of the company’s stock, valued at approximately $2,067,006.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Glenn E. Tynan sold 2,082 shares of Curtiss-Wright stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $120.00, for a total transaction of $249,840.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,488 shares of company stock valued at $7,041,956. 1.10% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Curtiss-Wright by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 143 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in Curtiss-Wright by 93.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock valued at $180,000 after purchasing an additional 7,970 shares during the period. Burney Co. acquired a new stake in shares of Curtiss-Wright in the 2nd quarter valued at $203,000. Magnetar Financial LLC acquired a new stake in shares of Curtiss-Wright during the third quarter worth $203,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Curtiss-Wright in the third quarter valued at about $212,000. Hedge funds and other institutional investors own 77.43% of the company’s stock.
Curtiss-Wright (NYSE:CW) traded up $1.31 during trading on Friday, reaching $124.20. The company had a trading volume of 343,800 shares, compared to its average volume of 244,608. The stock has a market cap of $5,461.01, a PE ratio of 25.89, a PEG ratio of 2.11 and a beta of 1.25. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55. Curtiss-Wright has a 1 year low of $82.77 and a 1 year high of $124.71.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 29th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $0.60 dividend on an annualized basis and a yield of 0.48%. Curtiss-Wright’s dividend payout ratio is 12.45%.
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Curtiss-Wright Company Profile
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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