Brokers Offer Predictions for Curtiss-Wright Corp.’s Q3 2016 Earnings (CW)
Curtiss-Wright Corp. (NYSE:CW) – Investment analysts at William Blair reduced their Q3 2016 earnings per share estimates for Curtiss-Wright Corp. in a report released on Friday. William Blair analyst C. Jacobson now expects that the brokerage will earn $0.99 per share for the quarter, down from their previous estimate of $1.05. William Blair currently has a “Market Perform” rating and a $92.00 target price on the stock. William Blair also issued estimates for Curtiss-Wright Corp.’s Q4 2016 earnings at $1.40 EPS, FY2016 earnings at $4.00 EPS, FY2017 earnings at $4.20 EPS and FY2018 earnings at $4.60 EPS.
Separately, Zacks Investment Research raised shares of Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a report on Friday, August 26th.
Curtiss-Wright Corp. (NYSE:CW) opened at 86.49 on Monday. The company has a 50-day moving average price of $89.12 and a 200-day moving average price of $84.27. Curtiss-Wright Corp. has a one year low of $62.57 and a one year high of $92.08. The company has a market capitalization of $3.84 billion, a PE ratio of 22.52 and a beta of 1.27.
Curtiss-Wright Corp. (NYSE:CW) last announced its earnings results on Wednesday, July 27th. The company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. Curtiss-Wright Corp. had a return on equity of 14.15% and a net margin of 8.21%. The company had revenue of $532.80 million for the quarter, compared to analysts’ expectations of $523.84 million. During the same period last year, the firm earned $0.83 EPS. Curtiss-Wright Corp.’s revenue for the quarter was down 2.2% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, October 5th. Curtiss-Wright Corp.’s dividend payout ratio (DPR) is presently 13.58%.
In other news, VP Tom P. Quinly sold 8,500 shares of the business’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $89.78, for a total transaction of $763,130.00. Following the sale, the vice president now directly owns 27,258 shares of the company’s stock, valued at $2,447,223.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John B. Nathman sold 6,000 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $90.77, for a total transaction of $544,620.00. Following the sale, the director now directly owns 5,455 shares in the company, valued at $495,150.35. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC bought a new stake in shares of Curtiss-Wright Corp. during the second quarter worth $110,000. Bank of Montreal Can bought a new stake in shares of Curtiss-Wright Corp. during the second quarter worth $169,000. Public Employees Retirement System of Ohio raised its stake in shares of Curtiss-Wright Corp. by 1.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,477 shares of the company’s stock worth $209,000 after buying an additional 44 shares during the period. LS Investment Advisors LLC raised its stake in shares of Curtiss-Wright Corp. by 72.4% in the second quarter. LS Investment Advisors LLC now owns 2,747 shares of the company’s stock worth $231,000 after buying an additional 1,154 shares during the period. Finally, Invictus RG bought a new stake in shares of Curtiss-Wright Corp. during the second quarter worth $264,000. 77.11% of the stock is currently owned by hedge funds and other institutional investors.
Curtiss-Wright Corp. Company Profile
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
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