Analysts expect Curtiss-Wright Co. (NYSE:CW) to announce earnings per share (EPS) of $1.30 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Curtiss-Wright’s earnings. The lowest EPS estimate is $1.26 and the highest is $1.32. Curtiss-Wright reported earnings of $1.34 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, May 5th.
According to Zacks, analysts expect that Curtiss-Wright will report full-year earnings of $7.15 per share for the current year, with EPS estimates ranging from $7.10 to $7.21. For the next fiscal year, analysts forecast that the company will report earnings of $7.87 per share, with EPS estimates ranging from $7.75 to $8.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Curtiss-Wright.
Curtiss-Wright (NYSE:CW) last posted its quarterly earnings data on Tuesday, February 23rd. The aerospace company reported $2.39 EPS for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.05. The company had revenue of $668.44 million during the quarter, compared to the consensus estimate of $672.07 million. Curtiss-Wright had a net margin of 9.96% and a return on equity of 16.15%.
A number of brokerages have recently issued reports on CW. Zacks Investment Research cut shares of Curtiss-Wright from a “hold” rating to a “sell” rating and set a $114.00 target price on the stock. in a report on Tuesday, February 2nd. Robert W. Baird lowered shares of Curtiss-Wright from an “outperform” rating to a “neutral” rating and set a $119.00 price objective on the stock. in a research report on Thursday, January 7th.
Shares of NYSE CW traded up $0.16 during trading hours on Tuesday, hitting $128.20. The company had a trading volume of 182,963 shares, compared to its average volume of 210,904. The firm’s 50 day moving average is $122.69 and its 200-day moving average is $114.00. Curtiss-Wright has a 1-year low of $81.72 and a 1-year high of $130.86. The stock has a market capitalization of $5.25 billion, a P/E ratio of 22.97 and a beta of 1.52. The company has a quick ratio of 1.68, a current ratio of 2.37 and a debt-to-equity ratio of 0.59.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 16th. Stockholders of record on Tuesday, March 30th were given a $0.17 dividend. The ex-dividend date was Monday, March 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.53%. Curtiss-Wright’s payout ratio is 9.35%.
In other Curtiss-Wright news, COO Tom P. Quinly sold 11,333 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $120.58, for a total transaction of $1,366,533.14. Following the completion of the transaction, the chief operating officer now directly owns 69,365 shares in the company, valued at $8,364,031.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman David Charles Adams sold 4,005 shares of the company’s stock in a transaction on Friday, February 5th. The stock was sold at an average price of $113.35, for a total value of $453,966.75. Following the sale, the chairman now owns 64,070 shares of the company’s stock, valued at $7,262,334.50. The disclosure for this sale can be found here. Insiders have sold 27,929 shares of company stock worth $3,322,834 in the last three months. 0.73% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its position in Curtiss-Wright by 8.7% in the first quarter. First Trust Advisors LP now owns 37,579 shares of the aerospace company’s stock valued at $4,259,000 after purchasing an additional 3,011 shares during the last quarter. Strs Ohio grew its holdings in Curtiss-Wright by 0.3% during the 3rd quarter. Strs Ohio now owns 53,552 shares of the aerospace company’s stock worth $4,994,000 after acquiring an additional 172 shares during the last quarter. Private Trust Co. NA increased its position in Curtiss-Wright by 2.4% in the 4th quarter. Private Trust Co. NA now owns 5,959 shares of the aerospace company’s stock valued at $693,000 after acquiring an additional 139 shares during the period. HGK Asset Management Inc. bought a new position in shares of Curtiss-Wright during the fourth quarter valued at $491,000. Finally, Global Retirement Partners LLC grew its stake in shares of Curtiss-Wright by 1,215.0% in the fourth quarter. Global Retirement Partners LLC now owns 263 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 243 shares during the last quarter. Institutional investors and hedge funds own 78.67% of the company’s stock.
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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