Equities research analysts predict that Curtiss-Wright Co. (NYSE:CW – Get Rating) will report earnings per share of $1.67 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Curtiss-Wright’s earnings, with the highest EPS estimate coming in at $1.72 and the lowest estimate coming in at $1.59. Curtiss-Wright posted earnings per share of $1.56 in the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Curtiss-Wright will report full-year earnings of $8.20 per share for the current fiscal year, with EPS estimates ranging from $8.14 to $8.25. For the next year, analysts expect that the company will report earnings of $8.73 per share, with EPS estimates ranging from $8.60 to $8.92. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Curtiss-Wright.
Curtiss-Wright (NYSE:CW – Get Rating) last posted its earnings results on Wednesday, May 4th. The aerospace company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.12. The company had revenue of $559.46 million for the quarter, compared to analyst estimates of $579.97 million. Curtiss-Wright had a net margin of 10.06% and a return on equity of 15.35%. Curtiss-Wright’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.51 EPS.
In related news, CFO K Christopher Farkas sold 435 shares of the company’s stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $144.66, for a total transaction of $62,927.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman David Charles Adams sold 8,910 shares of the stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $155.95, for a total transaction of $1,389,514.50. The disclosure for this sale can be found here. Insiders sold 24,335 shares of company stock valued at $3,566,091 over the last ninety days. Insiders own 0.62% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Curtiss-Wright by 18.8% during the 1st quarter. BlackRock Inc. now owns 4,300,543 shares of the aerospace company’s stock worth $645,770,000 after purchasing an additional 680,850 shares during the last quarter. Norges Bank acquired a new stake in Curtiss-Wright in the fourth quarter valued at $60,896,000. Invesco Ltd. lifted its holdings in Curtiss-Wright by 82.3% during the 3rd quarter. Invesco Ltd. now owns 938,199 shares of the aerospace company’s stock worth $118,383,000 after buying an additional 423,478 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Curtiss-Wright during the 3rd quarter worth about $27,163,000. Finally, River Road Asset Management LLC increased its holdings in shares of Curtiss-Wright by 60.2% in the 3rd quarter. River Road Asset Management LLC now owns 430,159 shares of the aerospace company’s stock valued at $54,277,000 after acquiring an additional 161,574 shares during the last quarter. 81.61% of the stock is owned by hedge funds and other institutional investors.
CW traded down $0.50 during trading hours on Friday, reaching $137.37. The company’s stock had a trading volume of 171,184 shares, compared to its average volume of 227,635. The stock has a market cap of $5.28 billion, a PE ratio of 22.23 and a beta of 1.37. Curtiss-Wright has a fifty-two week low of $111.26 and a fifty-two week high of $162.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.64 and a quick ratio of 1.08. The business’s 50-day moving average is $148.55 and its 200-day moving average is $140.09.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Friday, June 17th will be given a dividend of $0.19 per share. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Thursday, June 16th. Curtiss-Wright’s dividend payout ratio (DPR) is currently 11.65%.
About Curtiss-Wright (Get Rating)
Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services to the aerospace, defense, general industrial, and power generation markets worldwide. worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.
- Get a free copy of the StockNews.com research report on Curtiss-Wright (CW)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.