Zacks: Brokerages Expect Curtiss-Wright Co. (NYSE:CW) Will Announce Quarterly Sales of $612.37 Million

Wall Street analysts predict that Curtiss-Wright Co. (NYSE:CW) will post $612.37 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Curtiss-Wright’s earnings, with estimates ranging from $601.00 million to $622.51 million. Curtiss-Wright posted sales of $571.61 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.1%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 27th.

On average, analysts expect that Curtiss-Wright will report full-year sales of $2.51 billion for the current year, with estimates ranging from $2.50 billion to $2.53 billion. For the next fiscal year, analysts expect that the business will report sales of $2.64 billion, with estimates ranging from $2.61 billion to $2.66 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Curtiss-Wright.

Curtiss-Wright (NYSE:CW) last announced its earnings results on Tuesday, August 3rd. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.02. The company had revenue of $621.50 million for the quarter, compared to analyst estimates of $589.85 million. Curtiss-Wright had a return on equity of 16.54% and a net margin of 9.74%.

NYSE:CW traded up $4.69 during trading hours on Friday, hitting $119.60. 336,591 shares of the company’s stock traded hands, compared to its average volume of 180,411. The firm has a market cap of $4.89 billion, a P/E ratio of 20.66 and a beta of 1.61. Curtiss-Wright has a twelve month low of $83.04 and a twelve month high of $133.37. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.23 and a current ratio of 1.81. The stock’s fifty day moving average price is $118.45 and its two-hundred day moving average price is $121.45.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parametric Portfolio Associates LLC grew its stake in Curtiss-Wright by 0.7% in the second quarter. Parametric Portfolio Associates LLC now owns 96,984 shares of the aerospace company’s stock valued at $11,518,000 after purchasing an additional 648 shares in the last quarter. Morgan Stanley grew its stake in Curtiss-Wright by 15.5% in the second quarter. Morgan Stanley now owns 107,753 shares of the aerospace company’s stock valued at $12,797,000 after purchasing an additional 14,423 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Curtiss-Wright by 3.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 616,172 shares of the aerospace company’s stock worth $73,176,000 after acquiring an additional 22,175 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Curtiss-Wright by 32.1% during the 2nd quarter. Invesco Ltd. now owns 514,721 shares of the aerospace company’s stock worth $61,128,000 after acquiring an additional 125,089 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its stake in shares of Curtiss-Wright by 110,342.9% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 7,731 shares of the aerospace company’s stock worth $918,000 after acquiring an additional 7,724 shares in the last quarter. Hedge funds and other institutional investors own 80.88% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corp. is a manufacturing and service company, which engages in the design, manufacture and overhaul of precision components; and provides engineered products & services to the aerospace, defense, power generation and general industrial markets. It operates through the following segments: Commercial/Industrial, Defense, and Power.

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

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