Analysts Anticipate Curtiss-Wright Corp. (NYSE:CW) to Announce $2.06 EPS

Analysts expect Curtiss-Wright Corp. (NYSE:CW) to report earnings of $2.06 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Curtiss-Wright’s earnings. The highest EPS estimate is $2.15 and the lowest is $1.90. Curtiss-Wright posted earnings per share of $1.90 in the same quarter last year, which indicates a positive year-over-year growth rate of 8.4%. The firm is scheduled to report its next earnings results on Tuesday, February 25th.

According to Zacks, analysts expect that Curtiss-Wright will report full-year earnings of $7.18 per share for the current fiscal year, with EPS estimates ranging from $7.05 to $7.25. For the next fiscal year, analysts anticipate that the firm will post earnings of $7.64 per share, with EPS estimates ranging from $7.50 to $7.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that cover Curtiss-Wright.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, October 30th. The aerospace company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.12. Curtiss-Wright had a net margin of 12.13% and a return on equity of 18.83%. The firm had revenue of $614.88 million during the quarter, compared to analysts’ expectations of $624.15 million. During the same period in the previous year, the company earned $1.70 earnings per share. Curtiss-Wright’s quarterly revenue was up 3.3% compared to the same quarter last year.

CW has been the topic of a number of recent research reports. Stifel Nicolaus set a $150.00 price objective on shares of Curtiss-Wright and gave the company a “buy” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a research note on Wednesday, September 11th. ValuEngine lowered shares of Curtiss-Wright from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. Finally, UBS Group lifted their price objective on shares of Curtiss-Wright from $134.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $141.80.

NYSE CW traded up $0.32 during trading on Friday, reaching $141.12. The company’s stock had a trading volume of 128,817 shares, compared to its average volume of 195,465. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.19. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.37 and a beta of 1.18. Curtiss-Wright has a twelve month low of $95.23 and a twelve month high of $141.00. The business’s fifty day moving average price is $130.90 and its 200-day moving average price is $123.97.

The business also recently announced a — dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a yield of 0.5%. Curtiss-Wright’s payout ratio is currently 10.68%.

In other Curtiss-Wright news, CFO Glenn E. Tynan sold 10,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $128.14, for a total value of $1,281,400.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Charles Adams sold 6,439 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $125.00, for a total transaction of $804,875.00. The disclosure for this sale can be found here. Insiders sold 33,014 shares of company stock worth $4,370,489 in the last ninety days. Insiders own 0.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in CW. First Trust Advisors LP lifted its holdings in shares of 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 in the last quarter. Private Trust Co. NA lifted its holdings in shares of Curtiss-Wright by 3.2% in the second quarter. Private Trust Co. NA now owns 4,548 shares of the aerospace company’s stock valued at $578,000 after purchasing an additional 142 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Curtiss-Wright in the second quarter valued at about $280,000. Carroll Financial Associates Inc. purchased a new stake in shares of Curtiss-Wright in the second quarter valued at about $38,000. Finally, CENTRAL TRUST Co lifted its stake in shares of Curtiss-Wright by 2,239.1% during the second quarter. CENTRAL TRUST Co now owns 1,614 shares of the aerospace company’s stock valued at $202,000 after buying an additional 1,545 shares during the period. 77.58% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Curtiss-Wright (NYSE:CW)

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