Curtiss-Wright (CW) Scheduled to Post Quarterly Earnings on Wednesday

Curtiss-Wright (NYSE:CW) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Curtiss-Wright to post earnings of $1.74 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.24. Curtiss-Wright had a return on equity of 16.61% and a net margin of 12.46%. The company had revenue of $785.79 million for the quarter, compared to the consensus estimate of $737.09 million. During the same quarter last year, the business posted $2.92 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, analysts expect Curtiss-Wright to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Curtiss-Wright Trading Up 0.9 %

Shares of CW stock opened at $253.28 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.50 and a current ratio of 2.13. Curtiss-Wright has a 52-week low of $157.72 and a 52-week high of $261.46. The company has a market capitalization of $9.70 billion, a PE ratio of 27.53 and a beta of 1.18. The business’s fifty day moving average is $245.60 and its 200 day moving average is $225.84.

Curtiss-Wright Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.32%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 8.70%.

Analyst Upgrades and Downgrades

CW has been the topic of a number of research reports. Truist Financial restated a “hold” rating and set a $240.00 price target (down previously from $250.00) on shares of Curtiss-Wright in a research report on Monday, March 25th. Stifel Nicolaus boosted their target price on Curtiss-Wright from $255.00 to $272.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Robert W. Baird upped their target price on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Finally, StockNews.com raised shares of Curtiss-Wright from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $260.25.

Insider Activity

In related news, VP Paul J. Ferdenzi sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the transaction, the vice president now directly owns 15,942 shares in the company, valued at approximately $3,985,500. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Curtiss-Wright news, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the sale, the vice president now owns 15,942 shares of the company’s stock, valued at approximately $3,985,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO K Christopher Farkas sold 2,736 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $240.16, for a total transaction of $657,077.76. Following the completion of the transaction, the chief financial officer now owns 9,172 shares in the company, valued at approximately $2,202,747.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,451 shares of company stock valued at $3,030,512. Insiders own 0.55% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.