Curtiss-Wright (NYSE:CW) Releases Earnings Results, Beats Expectations By $0.18 EPS

Curtiss-Wright (NYSE:CW – Get Free Report) issued its quarterly earnings results on Wednesday. The aerospace company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.76 by $0.18, Zacks reports. Curtiss-Wright had a return on equity of 20.49% and a net margin of 14.81%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business earned $3.31 EPS.

Curtiss-Wright Stock Down 10.0%

Shares of NYSE:CW traded down $49.53 during midday trading on Wednesday, reaching $448.23. The company had a trading volume of 611,625 shares, compared to its average volume of 415,372. The company has a quick ratio of 1.12, a current ratio of 1.60 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average price is $531.80 and its 200 day moving average price is $665.58. The stock has a market cap of $16.55 billion, a PE ratio of 30.85, a P/E/G ratio of 2.08 and a beta of 0.94. Curtiss-Wright has a 1-year low of $447.18 and a 1-year high of $808.16.

Curtiss-Wright Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 25th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, September 25th. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.24. Curtiss-Wright’s dividend payout ratio is 7.16%.

Insider Activity

In related news, Director Larry D. Wyche sold 100 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $596.74, for a total transaction of $59,674.00. Following the completion of the transaction, the director directly owned 1,414 shares of the company’s stock, valued at approximately $843,790.36. This represents a 6.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Watts sold 1,035 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $619.46, for a total value of $641,141.10. Following the completion of the transaction, the executive vice president owned 2,736 shares of the company’s stock, valued at approximately $1,694,842.56. This represents a 27.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.51% of the company’s stock.

More Curtiss-Wright News

Here are the key news stories impacting Curtiss-Wright this week:

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CW shares. Wall Street Zen lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Guggenheim began coverage on Curtiss-Wright in a research report on Monday, September 14th. They set a “buy” rating and a $786.00 price target for the company. Stifel Nicolaus decreased their price target on shares of Curtiss-Wright from $700.00 to $518.00 and set a “hold” rating for the company in a research note on Monday, October 19th. Morgan Stanley decreased their price target on shares of Curtiss-Wright from $860.00 to $625.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Finally, Weiss Ratings downgraded shares of Curtiss-Wright from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Curtiss-Wright presently has a consensus rating of “Moderate Buy” and an average target price of $676.38.

Check Out Our Latest Analysis on CW

Curtiss-Wright Company Profile

(Get Free Report)

Curtiss-Wright Corporation (NYSE: CW) is a diversified industrial company that provides highly engineered products and services to the aerospace, defense, commercial nuclear power, and general industrial markets. The company designs and manufactures equipment used in applications that require reliable performance in demanding operating environments.

Its products and technologies include motion-control systems, valves, pumps, actuation equipment, sensors, data-acquisition systems, embedded computing products, and aircraft structural components.

See Also

Earnings History for Curtiss-Wright (NYSE:CW)

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