Zacks: Brokerages Anticipate Curtiss-Wright Corp. (CW) Will Post Quarterly Sales of $589.22 Million

Brokerages expect Curtiss-Wright Corp. (NYSE:CW) to announce sales of $589.22 million for the current quarter, according to Zacks Investment Research. Six analysts have provided 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 in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.2%. The company is scheduled to report its next earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Curtiss-Wright will report full year sales of $589.22 million for the current fiscal year, with estimates ranging from $2.24 billion to $2.26 billion. For the next financial year, analysts forecast that the business 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 research analysts that that provide coverage for Curtiss-Wright.

Several research firms recently weighed in on CW. Zacks Investment Research lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Stifel Nicolaus upped their price target on Curtiss-Wright from $126.00 to $139.00 and gave the company a “hold” rating in a research report on Tuesday, January 16th. Wells Fargo & Co raised Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a research report on Tuesday, January 16th. Robert W. Baird began coverage on Curtiss-Wright in a research report on Tuesday, December 5th. They set an “outperform” rating and a $149.00 price target on the stock. Finally, Seaport Global Securities reissued a “buy” rating on shares of Curtiss-Wright in a research report on Friday, October 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Curtiss-Wright presently has an average rating of “Buy” and an average price target of $132.00.

In other news, Director Albert E. Smith sold 1,700 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $122.35, for a total transaction of $207,995.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $130.66, for a total value of $169,858.00. Following the sale, the director now owns 14,234 shares of the company’s stock, valued at approximately $1,859,814.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,623 shares of company stock valued at $2,710,865. 1.10% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in CW. Meeder Asset Management Inc. bought a new stake in Curtiss-Wright during the 4th quarter valued at approximately $135,000. Community Financial Services Group LLC bought a new stake in Curtiss-Wright during the 4th quarter valued at approximately $201,000. Magnetar Financial LLC bought a new stake in Curtiss-Wright during the 3rd quarter valued at approximately $203,000. Cigna Investments Inc. New bought a new stake in Curtiss-Wright during the 4th quarter valued at approximately $209,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Curtiss-Wright during the 3rd quarter valued at approximately $212,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

Curtiss-Wright (NYSE CW) opened at $121.14 on Wednesday. The firm has a market capitalization of $5,686.51, a price-to-earnings ratio of 25.13, a P/E/G ratio of 1.94 and a beta of 1.24. Curtiss-Wright has a 52-week low of $82.77 and a 52-week high of $134.44. The company has a current ratio of 2.08, a quick ratio of 1.48 and a debt-to-equity ratio of 0.55.

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About Curtiss-Wright

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 (NYSE:CW)

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