Curtiss-Wright Corporation (CW) Expected to Post Earnings of $1.46 Per Share
Wall Street analysts expect Curtiss-Wright Corporation (NYSE:CW) to post earnings per share (EPS) of $1.46 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Curtiss-Wright’s earnings, with estimates ranging from $1.41 to $1.53. Curtiss-Wright reported earnings of $1.58 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 7.6%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 21st.
On average, analysts expect that Curtiss-Wright will report full year earnings of $4.75 per share for the current year, with EPS estimates ranging from $4.70 to $4.82. For the next financial year, analysts forecast that the company will report earnings of $5.18 per share, with EPS estimates ranging from $5.00 to $5.34. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Curtiss-Wright.
Curtiss-Wright (NYSE:CW) last posted its quarterly 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 return on equity of 15.60% and a net margin of 9.70%. The business had revenue of $567.90 million during the quarter, compared to analysts’ expectations of $539.28 million. During the same quarter last year, the company posted $1.02 earnings per share. Curtiss-Wright’s quarterly revenue was up 12.0% on a year-over-year basis.
In other news, VP Paul J. Ferdenzi sold 2,340 shares of Curtiss-Wright stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $108.00, for a total value of $252,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John B. Nathman sold 1,300 shares of Curtiss-Wright stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $117.28, for a total transaction of $152,464.00. Following the completion of the sale, the director now owns 4,155 shares of the company’s stock, valued at $487,298.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,488 shares of company stock valued at $7,041,956. Corporate insiders own 1.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its position in Curtiss-Wright by 816.8% during the third quarter. Public Employees Retirement System of Ohio now owns 21,931 shares of the aerospace company’s stock valued at $2,293,000 after purchasing an additional 19,539 shares in the last quarter. Algert Global LLC acquired a new position in Curtiss-Wright during the third quarter valued at approximately $2,170,000. Dean Investment Associates LLC acquired a new position in Curtiss-Wright during the third quarter valued at approximately $687,000. California Public Employees Retirement System raised its position in Curtiss-Wright by 4.1% during the third quarter. California Public Employees Retirement System now owns 76,529 shares of the aerospace company’s stock valued at $8,000,000 after purchasing an additional 3,029 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Curtiss-Wright during the third quarter valued at approximately $591,000. Institutional investors own 77.46% of the company’s stock.
Curtiss-Wright (CW) traded up $2.19 during trading on Friday, reaching $122.43. The company had a trading volume of 478,219 shares, compared to its average volume of 212,287. Curtiss-Wright has a fifty-two week low of $82.77 and a fifty-two week high of $125.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. The company has a market capitalization of $5,402.71, a PE ratio of 25.61, a P/E/G ratio of 2.09 and a beta of 1.26.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Wednesday, November 29th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Tuesday, November 28th. Curtiss-Wright’s dividend payout ratio is presently 12.45%.
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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