Curtiss-Wright Corporation (NYSE:CW) – Research analysts at SunTrust Banks upped their FY2017 earnings per share (EPS) estimates for Curtiss-Wright Corporation in a report issued on Thursday, Zacks Investment Research reports. SunTrust Banks analyst M. Ciarmoli now anticipates that the aerospace company will post earnings of $4.82 per share for the year, up from their prior forecast of $4.66. SunTrust Banks has a “Buy” rating and a $128.00 price objective on the stock. SunTrust Banks also issued estimates for Curtiss-Wright Corporation’s Q4 2017 earnings at $1.53 EPS, Q2 2018 earnings at $1.23 EPS, Q3 2018 earnings at $1.47 EPS and FY2018 earnings at $5.34 EPS.
Curtiss-Wright Corporation (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 Corporation 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 Corporation’s quarterly revenue was up 12.0% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “FY2017 EPS Estimates for Curtiss-Wright Corporation (CW) Raised by Analyst” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/11/fy2017-earnings-forecast-for-curtiss-wright-corporation-cw-issued-by-suntrust-banks.html.
CW has been the subject of a number of other research reports. Wells Fargo & Company lifted their price target on Curtiss-Wright Corporation from $100.00 to $120.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Curtiss-Wright Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Bank of America Corporation upgraded shares of Curtiss-Wright Corporation from a “neutral” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Monday, October 30th. Finally, Deutsche Bank AG restated a “buy” rating and set a $125.00 price objective on shares of Curtiss-Wright Corporation in a research report on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Curtiss-Wright Corporation currently has a consensus rating of “Buy” and a consensus price target of $126.67.
Curtiss-Wright Corporation (NYSE CW) traded down $1.08 during trading on Friday, reaching $118.23. The company had a trading volume of 183,100 shares, compared to its average volume of 247,406. Curtiss-Wright Corporation has a fifty-two week low of $82.77 and a fifty-two week high of $120.54. 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 $5,265.52, a PE ratio of 24.96, a P/E/G ratio of 2.03 and a beta of 1.25.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, October 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Thursday, October 5th. This is a positive change from Curtiss-Wright Corporation’s previous quarterly dividend of $0.13. Curtiss-Wright Corporation’s dividend payout ratio is currently 12.45%.
In other news, VP Paul J. Ferdenzi sold 6,907 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $106.18, for a total transaction of $733,385.26. Following the completion of the transaction, the vice president now directly owns 19,467 shares of the company’s stock, valued at approximately $2,067,006.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Charles Adams sold 17,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $119.04, for a total transaction of $2,023,680.00. Following the transaction, the chief executive officer now directly owns 70,570 shares of the company’s stock, valued at $8,400,652.80. The disclosure for this sale can be found here. Insiders sold a total of 40,865 shares of company stock worth $4,708,944 in the last 90 days. 1.10% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in Curtiss-Wright Corporation by 22.8% in the 3rd quarter. Wells Fargo & Company MN now owns 290,269 shares of the aerospace company’s stock worth $30,345,000 after buying an additional 53,908 shares during the period. Legal & General Group Plc boosted its holdings in Curtiss-Wright Corporation by 11.1% in the 3rd quarter. Legal & General Group Plc now owns 49,279 shares of the aerospace company’s stock worth $5,152,000 after buying an additional 4,938 shares during the period. TD Asset Management Inc. boosted its holdings in Curtiss-Wright Corporation by 31.3% in the 3rd quarter. TD Asset Management Inc. now owns 4,200 shares of the aerospace company’s stock worth $439,000 after buying an additional 1,000 shares during the period. American International Group Inc. boosted its holdings in Curtiss-Wright Corporation by 2.6% in the 3rd quarter. American International Group Inc. now owns 119,948 shares of the aerospace company’s stock worth $12,539,000 after buying an additional 2,997 shares during the period. Finally, Systematic Financial Management LP boosted its holdings in Curtiss-Wright Corporation by 0.7% in the 3rd quarter. Systematic Financial Management LP now owns 67,416 shares of the aerospace company’s stock worth $7,048,000 after buying an additional 437 shares during the period. 76.45% of the stock is owned by institutional investors.
Curtiss-Wright Corporation 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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