Analysts expect that Curtiss-Wright Co. (NYSE:CW – Get Rating) will post $559.30 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Curtiss-Wright’s earnings. The lowest sales estimate is $534.83 million and the highest is $596.15 million. Curtiss-Wright posted sales of $597.06 million in the same quarter last year, which suggests a negative year over year growth rate of 6.3%. The firm is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Curtiss-Wright will report full year sales of $2.56 billion for the current financial year, with estimates ranging from $2.54 billion to $2.57 billion. For the next fiscal year, analysts anticipate that the business will post sales of $2.66 billion, with estimates ranging from $2.63 billion to $2.70 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Curtiss-Wright.
Curtiss-Wright (NYSE:CW – Get Rating) last issued its earnings results on Wednesday, February 23rd. The aerospace company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Curtiss-Wright had a return on equity of 15.97% and a net margin of 10.66%. The business had revenue of $667.00 million during the quarter, compared to analysts’ expectations of $674.98 million. During the same quarter in the prior year, the firm earned $2.39 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year.
Shares of CW opened at $151.32 on Monday. Curtiss-Wright has a 12-month low of $111.26 and a 12-month high of $162.98. The business has a 50-day simple moving average of $146.97 and a two-hundred day simple moving average of $138.13. The company has a quick ratio of 1.22, a current ratio of 1.78 and a debt-to-equity ratio of 0.58. The stock has a market cap of $5.82 billion, a PE ratio of 23.00 and a beta of 1.43.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.72 dividend on an annualized basis and a yield of 0.48%. Curtiss-Wright’s payout ratio is currently 10.94%.
In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 962 shares of the business’s stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $137.25, for a total value of $132,034.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman David Charles Adams sold 4,262 shares of the business’s stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $137.25, for a total value of $584,959.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,335 shares of company stock valued at $3,566,091. 0.62% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of CW. Norges Bank purchased a new position in Curtiss-Wright in the fourth quarter worth $60,896,000. Invesco Ltd. raised its stake in shares of Curtiss-Wright by 82.3% in the third quarter. Invesco Ltd. now owns 938,199 shares of the aerospace company’s stock valued at $118,383,000 after buying an additional 423,478 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Curtiss-Wright in the third quarter valued at $27,163,000. River Road Asset Management LLC raised its stake in shares of Curtiss-Wright by 60.2% in the third quarter. River Road Asset Management LLC now owns 430,159 shares of the aerospace company’s stock valued at $54,277,000 after buying an additional 161,574 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Curtiss-Wright by 319.7% in the third quarter. The Manufacturers Life Insurance Company now owns 187,918 shares of the aerospace company’s stock valued at $23,712,000 after buying an additional 143,141 shares during the period. 81.55% of the stock is currently owned by institutional investors and hedge funds.
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.
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