Wall Street analysts forecast that Curtiss-Wright Corp. (NYSE:CW) will post earnings of $1.20 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Curtiss-Wright’s earnings, with the lowest EPS estimate coming in at $1.10 and the highest estimate coming in at $1.37. Curtiss-Wright posted earnings per share of $0.98 during the same quarter last year, which indicates a positive year-over-year growth rate of 22.4%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, May 8th.
On average, analysts expect that Curtiss-Wright will report full year earnings of $6.89 per share for the current fiscal year, with EPS estimates ranging from $6.80 to $7.00. For the next financial year, analysts anticipate that the firm will post earnings of $7.46 per share, with EPS estimates ranging from $7.22 to $7.75. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Curtiss-Wright.
Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Tuesday, February 26th. The aerospace company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.75 by $0.15. The company had revenue of $648.62 million for the quarter, compared to the consensus estimate of $688.52 million. Curtiss-Wright had a net margin of 11.43% and a return on equity of 17.91%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 EPS.
Several equities research analysts have issued reports on CW shares. Zacks Investment Research raised shares of Curtiss-Wright from a “sell” rating to a “hold” rating in a research report on Wednesday, February 6th. Bank of America cut shares of Curtiss-Wright from a “buy” rating to a “neutral” rating and set a $135.00 price objective for the company. in a research report on Friday, March 1st. They noted that the move was a valuation call. ValuEngine cut shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Finally, Robert W. Baird boosted their price objective on shares of Curtiss-Wright from $123.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Curtiss-Wright presently has an average rating of “Hold” and an average price target of $132.14.
In other news, Director S Marce Fuller sold 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $115.00, for a total value of $143,750.00. Following the completion of the sale, the director now owns 12,472 shares of the company’s stock, valued at approximately $1,434,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Charles Adams sold 9,944 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $115.01, for a total transaction of $1,143,659.44. Following the completion of the sale, the chief executive officer now directly owns 97,093 shares of the company’s stock, valued at approximately $11,166,665.93. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,681 shares of company stock valued at $2,765,880. 0.90% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in Curtiss-Wright during the fourth quarter valued at approximately $60,229,000. JPMorgan Chase & Co. lifted its position in Curtiss-Wright by 56.2% during the third quarter. JPMorgan Chase & Co. now owns 535,507 shares of the aerospace company’s stock valued at $73,589,000 after acquiring an additional 192,633 shares during the last quarter. Deutsche Bank AG lifted its position in Curtiss-Wright by 217.7% during the fourth quarter. Deutsche Bank AG now owns 235,905 shares of the aerospace company’s stock valued at $24,089,000 after acquiring an additional 161,644 shares during the last quarter. FMR LLC lifted its position in Curtiss-Wright by 11,081.0% during the fourth quarter. FMR LLC now owns 83,522 shares of the aerospace company’s stock valued at $8,529,000 after acquiring an additional 82,775 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in Curtiss-Wright by 54.3% during the third quarter. TIAA CREF Investment Management LLC now owns 189,355 shares of the aerospace company’s stock valued at $26,021,000 after acquiring an additional 66,627 shares during the last quarter. 77.13% of the stock is owned by hedge funds and other institutional investors.
NYSE:CW traded down $0.55 during mid-day trading on Wednesday, hitting $114.12. 149,000 shares of the stock traded hands, compared to its average volume of 299,704. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 2.33 and a beta of 1.27. Curtiss-Wright has a 52 week low of $95.23 and a 52 week high of $141.29. The company has a current ratio of 1.96, a quick ratio of 1.34 and a debt-to-equity ratio of 0.50.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $0.15 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 0.53%. Curtiss-Wright’s dividend payout ratio (DPR) is 9.42%.
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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