Wall Street brokerages predict that Curtiss-Wright Corp. (NYSE:CW) will announce earnings of $1.75 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Curtiss-Wright’s earnings. The lowest EPS estimate is $1.72 and the highest is $1.77. Curtiss-Wright also posted earnings per share of $1.75 during the same quarter last year. The business is scheduled to announce its next earnings report on Wednesday, February 20th.
On average, analysts expect that Curtiss-Wright will report full-year earnings of $6.23 per share for the current fiscal year, with EPS estimates ranging from $6.20 to $6.25. For the next fiscal year, analysts forecast that the business will post earnings of $6.83 per share, with EPS estimates ranging from $6.60 to $7.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Curtiss-Wright.
Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Tuesday, October 30th. The aerospace company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.12. The firm had revenue of $595.40 million during the quarter, compared to analysts’ expectations of $628.27 million. Curtiss-Wright had a return on equity of 17.59% and a net margin of 10.98%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS.
A number of analysts recently commented on CW shares. Zacks Investment Research cut Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. ValuEngine cut Curtiss-Wright from a “hold” rating to a “sell” rating in a research report on Monday, November 12th. Seaport Global Securities reiterated a “buy” rating on shares of Curtiss-Wright in a research report on Tuesday, October 30th. Bank of America dropped their price objective on Curtiss-Wright from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, November 8th. Finally, Stifel Nicolaus set a $120.00 price objective on Curtiss-Wright and gave the stock a “hold” rating in a research report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $132.88.
Curtiss-Wright stock opened at $103.58 on Friday. The stock has a market cap of $4.72 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.29 and a beta of 1.39. Curtiss-Wright has a 52 week low of $100.99 and a 52 week high of $143.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.25 and a quick ratio of 1.53.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Friday, November 30th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, November 29th. Curtiss-Wright’s dividend payout ratio (DPR) is 11.93%.
In other Curtiss-Wright news, Director Bruce D. Hoechner purchased 470 shares of the stock in a transaction on Thursday, November 15th. The stock was bought at an average price of $107.16 per share, for a total transaction of $50,365.20. Following the acquisition, the director now directly owns 887 shares of the company’s stock, valued at $95,050.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Tom P. Quinly sold 2,120 shares of Curtiss-Wright stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $108.76, for a total value of $230,571.20. Following the completion of the sale, the vice president now owns 34,783 shares of the company’s stock, valued at approximately $3,782,999.08. The disclosure for this sale can be found here. Insiders sold a total of 9,732 shares of company stock valued at $1,058,055 in the last 90 days. 1.10% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC purchased a new stake in Curtiss-Wright in the 3rd quarter valued at about $103,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $107,000. Fort L.P. acquired a new position in shares of Curtiss-Wright in the 2nd quarter valued at about $116,000. Sageworth Trust Co lifted its stake in shares of Curtiss-Wright by 1,075.0% in the 3rd quarter. Sageworth Trust Co now owns 1,175 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of Curtiss-Wright in the 3rd quarter valued at about $182,000. Institutional investors own 75.52% of the company’s stock.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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