Curtiss-Wright Corporation (CW) Expected to Post Earnings of $1.46 Per Share
Equities analysts forecast that Curtiss-Wright Corporation (NYSE:CW) will announce earnings of $1.46 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Curtiss-Wright’s earnings, with the lowest EPS estimate coming in at $1.41 and the highest estimate coming in at $1.53. Curtiss-Wright posted earnings of $1.58 per share during the same quarter last year, which indicates a negative year over year growth rate of 7.6%. The business is expected to announce its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Curtiss-Wright will report full year earnings of $4.75 per share for the current financial year, with EPS estimates ranging from $4.70 to $4.82. For the next year, analysts anticipate that the company will post earnings of $5.17 per share, with EPS estimates ranging from $5.00 to $5.34. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Curtiss-Wright.
Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, October 25th. The aerospace company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.21. Curtiss-Wright had a return on equity of 15.60% and a net margin of 9.70%. The business had revenue of $567.90 million for the quarter, compared to analysts’ expectations of $539.28 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year.
In related news, VP Paul J. Ferdenzi sold 2,340 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $108.00, for a total value of $252,720.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Paul J. Ferdenzi sold 6,907 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $106.18, for a total value of $733,385.26. Following the completion of the transaction, the vice president now owns 19,467 shares in the company, valued at approximately $2,067,006.06. The disclosure for this sale can be found here. Insiders sold a total of 60,488 shares of company stock worth $7,041,956 in the last 90 days. 1.10% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of CW. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Curtiss-Wright by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,656 shares of the aerospace company’s stock valued at $152,000 after purchasing an additional 143 shares in the last quarter. Harbour Capital Advisors LLC boosted its holdings in Curtiss-Wright by 93.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 16,520 shares of the aerospace company’s stock valued at $180,000 after purchasing an additional 7,970 shares in the last quarter. Burney Co. purchased a new stake in Curtiss-Wright in the 2nd quarter valued at approximately $203,000. Magnetar Financial LLC purchased a new stake in Curtiss-Wright in the 3rd quarter valued at approximately $203,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Curtiss-Wright in the 3rd quarter valued at approximately $212,000. Hedge funds and other institutional investors own 77.43% of the company’s stock.
Curtiss-Wright (CW) traded down $0.47 on Wednesday, hitting $123.73. The stock had a trading volume of 244,951 shares, compared to its average volume of 185,265. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.08 and a quick ratio of 1.48. Curtiss-Wright has a twelve month low of $82.77 and a twelve month high of $124.71. The firm has a market capitalization of $5,480.87, a PE ratio of 25.98, a P/E/G ratio of 2.12 and a beta of 1.26.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Tuesday, November 28th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 12.45%.
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Curtiss-Wright Company Profile
Curtiss-Wright Corporation is a manufacturing and service company that designs, manufactures, and overhauls precision components and provides engineered products and services to the aerospace, defense, power generation and general industrial markets. The Company operates through three segments: Commercial/Industrial, Defense and Power.
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