Zacks: Analysts Expect Curtiss-Wright Co. (NYSE:CW) Will Announce Earnings of $1.20 Per Share

Brokerages forecast that Curtiss-Wright Co. (NYSE:CWGet Rating) will report earnings per share of $1.20 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Curtiss-Wright’s earnings, with estimates ranging from $1.19 to $1.23. Curtiss-Wright posted earnings of $1.51 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 20.5%. The business is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Curtiss-Wright will report full year earnings of $8.18 per share for the current fiscal year, with EPS estimates ranging from $8.14 to $8.20. For the next fiscal year, analysts forecast that the business will post earnings of $8.66 per share, with EPS estimates ranging from $8.50 to $8.82. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Curtiss-Wright.

Curtiss-Wright (NYSE:CWGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The aerospace company reported $2.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.36 by $0.04. The firm had revenue of $667.00 million for the quarter, compared to analyst estimates of $674.98 million. Curtiss-Wright had a net margin of 10.66% and a return on equity of 15.97%. Curtiss-Wright’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the company posted $2.39 EPS.

A number of research firms have commented on CW. Berenberg Bank began coverage on shares of Curtiss-Wright in a report on Friday, January 21st. They issued a “buy” rating and a $170.00 price objective for the company. StockNews.com downgraded shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a report on Monday, April 11th. Finally, Morgan Stanley increased their price objective on shares of Curtiss-Wright from $180.00 to $189.00 and gave the company an “overweight” rating in a report on Tuesday, March 1st.

In other news, Chairman David Charles Adams sold 4,262 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $137.25, for a total transaction of $584,959.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul J. Ferdenzi sold 962 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $137.25, for a total transaction of $132,034.50. The disclosure for this sale can be found here. Insiders have sold a total of 24,335 shares of company stock valued at $3,566,091 in the last 90 days. Insiders own 0.62% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CW. First Trust Advisors LP increased its holdings in Curtiss-Wright by 8.7% in the 1st 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 during the last quarter. Morgan Stanley increased its holdings in Curtiss-Wright by 15.5% in the 2nd 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 during the last quarter. Stephens Inc. AR acquired a new stake in Curtiss-Wright in the 3rd quarter valued at approximately $210,000. Ziegler Capital Management LLC boosted its position in Curtiss-Wright by 5.7% in the 3rd quarter. Ziegler Capital Management LLC now owns 8,645 shares of the aerospace company’s stock valued at $1,091,000 after buying an additional 465 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in Curtiss-Wright by 14.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 22,734 shares of the aerospace company’s stock valued at $2,869,000 after buying an additional 2,912 shares during the period. Hedge funds and other institutional investors own 81.55% of the company’s stock.

Shares of Curtiss-Wright stock opened at $151.63 on Friday. The firm has a market capitalization of $5.83 billion, a PE ratio of 23.04 and a beta of 1.43. Curtiss-Wright has a twelve month low of $111.26 and a twelve month high of $162.98. The firm’s 50-day moving average price is $147.30 and its 200 day moving average price is $138.29. The company has a current ratio of 1.78, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.47%. Curtiss-Wright’s dividend payout ratio is currently 10.94%.

Curtiss-Wright Company Profile (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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