Wall Street analysts expect Curtiss-Wright Corp. (NYSE:CW) to report earnings per share (EPS) of $1.56 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Curtiss-Wright’s earnings, with the lowest EPS estimate coming in at $1.49 and the highest estimate coming in at $1.71. Curtiss-Wright posted earnings per share of $1.43 in the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 24th.
According to Zacks, analysts expect that Curtiss-Wright will report full year earnings of $6.15 per share for the current year, with EPS estimates ranging from $6.10 to $6.27. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.76 per share, with EPS estimates ranging from $6.55 to $7.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Curtiss-Wright.
Curtiss-Wright (NYSE:CW) last issued its earnings results on Wednesday, July 25th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.52. Curtiss-Wright had a return on equity of 17.26% and a net margin of 10.65%. The company had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $616.29 million. During the same period last year, the business earned $1.13 EPS. Curtiss-Wright’s quarterly revenue was up 9.2% compared to the same quarter last year.
CW has been the topic of several recent analyst reports. Zacks Investment Research upgraded Curtiss-Wright from a “hold” rating to a “buy” rating and set a $146.00 price objective on the stock in a research note on Tuesday, August 14th. ValuEngine upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. UBS Group initiated coverage on Curtiss-Wright in a research note on Wednesday, August 15th. They set a “neutral” rating and a $140.00 price objective on the stock. Finally, William Blair upgraded Curtiss-Wright from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $145.00 to $129.00 in a research note on Monday, July 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $135.90.
In other news, Director S Marce Fuller sold 1,250 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $133.07, for a total transaction of $166,337.50. Following the completion of the sale, the director now directly owns 11,734 shares of the company’s stock, valued at approximately $1,561,443.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Curtiss-Wright during the 1st quarter valued at $105,000. Three Peaks Capital Management LLC purchased a new stake in shares of Curtiss-Wright during the 1st quarter valued at $111,000. Fort L.P. purchased a new stake in Curtiss-Wright in the 2nd quarter worth about $116,000. Vigilant Capital Management LLC purchased a new stake in Curtiss-Wright in the 2nd quarter worth about $155,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Curtiss-Wright by 61.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,269 shares of the aerospace company’s stock worth $171,000 after acquiring an additional 483 shares during the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.
NYSE:CW traded up $1.32 during trading hours on Friday, hitting $134.23. 197,500 shares of the company traded hands, compared to its average volume of 284,426. The company has a current ratio of 2.16, a quick ratio of 1.42 and a debt-to-equity ratio of 0.52. Curtiss-Wright has a one year low of $95.45 and a one year high of $143.38. The stock has a market cap of $5.89 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 1.72 and a beta of 1.25.
Curtiss-Wright announced that its Board of Directors has initiated a stock repurchase plan on Monday, May 21st that allows the company to buyback $50.00 million in shares. This buyback authorization allows the aerospace company to purchase up to 0.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.
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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