Brokerages predict that Curtiss-Wright Corp. (NYSE:CW) will post earnings of $0.92 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Curtiss-Wright’s earnings. The highest EPS estimate is $1.16 and the lowest is $0.79. Curtiss-Wright posted earnings of $0.64 per share in the same quarter last year, which suggests a positive year over year growth rate of 43.8%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, May 2nd.
On average, analysts expect that Curtiss-Wright will report full year earnings of $5.79 per share for the current fiscal year, with EPS estimates ranging from $5.75 to $5.91. For the next financial year, analysts expect that the firm will post earnings of $6.50 per share, with EPS estimates ranging from $6.20 to $7.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Curtiss-Wright.
Curtiss-Wright (NYSE:CW) last released its earnings results on Wednesday, February 21st. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.29. The business had revenue of $611.88 million for the quarter, compared to the consensus estimate of $589.22 million. Curtiss-Wright had a return on equity of 15.46% and a net margin of 9.46%.
A number of brokerages have weighed in on CW. Stifel Nicolaus boosted their price target on Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, January 16th. William Blair reissued a “market perform” rating on shares of Curtiss-Wright in a research report on Thursday, February 22nd. Seaport Global Securities reissued a “buy” rating and set a $150.00 price target on shares of Curtiss-Wright in a research report on Monday, February 26th. ValuEngine raised Curtiss-Wright from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research downgraded Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $137.63.
NYSE CW traded up $0.05 during trading on Friday, reaching $137.56. 185,041 shares of the company’s stock were exchanged, compared to its average volume of 190,161. The company has a market cap of $6,071.71, a PE ratio of 27.35, a price-to-earnings-growth ratio of 1.81 and a beta of 1.18. The company has a quick ratio of 1.73, a current ratio of 2.37 and a debt-to-equity ratio of 0.53. Curtiss-Wright has a fifty-two week low of $82.77 and a fifty-two week high of $140.07.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 12th. Stockholders of record on Thursday, March 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 0.44%. The ex-dividend date of this dividend was Wednesday, March 28th. Curtiss-Wright’s dividend payout ratio is presently 11.93%.
In other news, VP Tom P. Quinly sold 14,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $137.26, for a total transaction of $1,990,270.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP K Christopher Farkas sold 700 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $120.25, for a total value of $84,175.00. Following the sale, the vice president now owns 2,152 shares of the company’s stock, valued at approximately $258,778. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,154 shares of company stock valued at $6,792,070. Corporate insiders own 1.10% of the company’s stock.
Several large investors have recently modified their holdings of CW. BlackRock Inc. boosted its holdings in shares of Curtiss-Wright by 4.4% during the fourth quarter. BlackRock Inc. now owns 6,019,976 shares of the aerospace company’s stock worth $733,531,000 after acquiring an additional 252,599 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Curtiss-Wright during the fourth quarter worth approximately $25,354,000. Prudential Financial Inc. boosted its holdings in shares of Curtiss-Wright by 51.0% during the third quarter. Prudential Financial Inc. now owns 494,748 shares of the aerospace company’s stock worth $51,721,000 after acquiring an additional 167,135 shares during the period. Millennium Management LLC boosted its holdings in shares of Curtiss-Wright by 132.7% during the fourth quarter. Millennium Management LLC now owns 290,711 shares of the aerospace company’s stock worth $35,423,000 after acquiring an additional 165,803 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Curtiss-Wright by 69.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 259,590 shares of the aerospace company’s stock worth $31,631,000 after acquiring an additional 106,285 shares during the period. Institutional investors own 78.65% of the company’s stock.
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Curtiss-Wright 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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