Analysts predict that Curtiss-Wright Corporation (NYSE:CW) will post $1.46 earnings per share for the current quarter, according to Zacks. Six analysts have provided estimates for Curtiss-Wright’s earnings, with the lowest EPS estimate coming in at $1.41 and the highest estimate coming in at $1.53. Curtiss-Wright posted earnings per share of $1.58 during the same quarter last year, which indicates a negative year-over-year growth rate of 7.6%. The firm is expected to announce its next earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that Curtiss-Wright will report full year earnings of $4.75 per share for the current financial year, with EPS estimates ranging from $4.70 to $4.82. For the next fiscal year, analysts expect that the firm will report earnings of $5.26 per share, with EPS estimates ranging from $5.00 to $5.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research 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 company had revenue of $567.90 million during the quarter, compared to analysts’ expectations of $539.28 million. During the same quarter in the previous year, the firm earned $1.02 EPS. Curtiss-Wright’s revenue was up 12.0% on a year-over-year basis.
A number of equities research analysts recently weighed in on the company. Wells Fargo & Co upgraded Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a research report on Tuesday. Stifel Nicolaus boosted their price objective on Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered Curtiss-Wright from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Bank of America upgraded Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Monday, October 30th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $125.00 price target on shares of Curtiss-Wright in a research report on Friday, October 6th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $132.00.
In related news, CEO David Charles Adams sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was 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 approximately $8,400,652.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $117.95, for a total value of $153,335.00. Following the transaction, the director now directly owns 13,660 shares in the company, valued at $1,611,197. The disclosure for this sale can be found here. Insiders sold a total of 50,290 shares of company stock worth $5,969,585 over the last three months. 1.10% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Community Financial Services Group LLC acquired a new position in Curtiss-Wright during the 4th quarter worth approximately $201,000. Magnetar Financial LLC acquired a new position in Curtiss-Wright during the 3rd quarter worth approximately $203,000. Quantitative Systematic Strategies LLC acquired a new position in Curtiss-Wright during the 3rd quarter worth approximately $212,000. Linscomb & Williams Inc. acquired a new position in Curtiss-Wright during the 3rd quarter worth approximately $212,000. Finally, WASHINGTON TRUST Co acquired a new position in Curtiss-Wright during the 3rd quarter worth approximately $217,000. 76.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Curtiss-Wright (CW) traded up $2.37 during mid-day trading on Friday, reaching $133.31. The company had a trading volume of 169,954 shares, compared to its average volume of 217,300. The company has a market cap of $5,820.00, a price-to-earnings ratio of 27.43, a P/E/G ratio of 2.04 and a beta of 1.26. Curtiss-Wright has a twelve month low of $82.77 and a twelve month high of $134.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48.
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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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