Curtiss-Wright (NYSE:CW – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 10.550-10.750 for the period, compared to the consensus EPS estimate of 10.620. The company issued revenue guidance of $3.1 billion-$3.1 billion, compared to the consensus revenue estimate of $3.0 billion. Curtiss-Wright also updated its FY24 guidance to $10.55-10.75 EPS.
Wall Street Analysts Forecast Growth
CW has been the topic of several research reports. Truist Financial upped their price target on Curtiss-Wright from $270.00 to $304.00 and gave the company a “hold” rating in a report on Friday, October 18th. Alembic Global Advisors began coverage on Curtiss-Wright in a report on Tuesday. They set an “overweight” rating and a $412.00 target price for the company. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 23rd. Robert W. Baird lifted their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus boosted their target price on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $343.80.
Check Out Our Latest Analysis on CW
Curtiss-Wright Stock Down 0.1 %
Curtiss-Wright (NYSE:CW – Get Free Report) last released its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.15 EPS. As a group, research analysts predict that Curtiss-Wright will post 10.56 EPS for the current fiscal year.
Curtiss-Wright Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. The ex-dividend date was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a yield of 0.24%. Curtiss-Wright’s payout ratio is 8.65%.
Insiders Place Their Bets
In related news, Director Glenda J. Minor sold 500 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now owns 1,382 shares in the company, valued at approximately $418,469.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.67% of the company’s stock.
Curtiss-Wright Company Profile
Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
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