Equities research analysts expect Curtiss-Wright Co. (NYSE:CW) to post $581.21 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Curtiss-Wright’s earnings, with the highest sales estimate coming in at $583.64 million and the lowest estimate coming in at $578.00 million. Curtiss-Wright reported sales of $601.23 million during the same quarter last year, which indicates a negative year over year growth rate of 3.3%. The company is scheduled to report its next earnings results after the market closes on Wednesday, May 5th.
On average, analysts expect that Curtiss-Wright will report full-year sales of $2.48 billion for the current year, with estimates ranging from $2.47 billion to $2.48 billion. For the next financial year, analysts forecast that the business will report sales of $2.59 billion, with estimates ranging from $2.55 billion to $2.61 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Curtiss-Wright.
Curtiss-Wright (NYSE:CW) last posted its earnings results on Tuesday, February 23rd. The aerospace company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.05. Curtiss-Wright had a net margin of 9.96% and a return on equity of 16.15%. The business had revenue of $668.44 million for the quarter, compared to analyst estimates of $672.07 million.
A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Curtiss-Wright from a “hold” rating to a “sell” rating and set a $114.00 price target for the company. in a report on Tuesday, February 2nd. Robert W. Baird cut Curtiss-Wright from an “outperform” rating to a “neutral” rating and set a $119.00 price target for the company. in a report on Thursday, January 7th.
In related news, CEO Lynn J. Bamford sold 967 shares of the business’s stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $113.42, for a total value of $109,677.14. Following the completion of the transaction, the chief executive officer now owns 12,431 shares in the company, valued at approximately $1,409,924.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Harry Jakubowitz sold 297 shares of the company’s stock in a transaction on Friday, February 5th. The shares were sold at an average price of $113.35, for a total value of $33,664.95. Following the transaction, the vice president now directly owns 22,326 shares in the company, valued at approximately $2,530,652.10. The disclosure for this sale can be found here. Insiders have sold 27,929 shares of company stock worth $3,322,834 over the last ninety days. Insiders own 0.73% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CW. Jennison Associates LLC grew its stake in shares of Curtiss-Wright by 66.5% during the fourth quarter. Jennison Associates LLC now owns 372,675 shares of the aerospace company’s stock worth $43,361,000 after purchasing an additional 148,871 shares during the period. HN Saltoro Capital LP acquired a new position in Curtiss-Wright during the fourth quarter valued at approximately $524,000. UBS Asset Management Americas Inc. increased its stake in Curtiss-Wright by 14.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 66,894 shares of the aerospace company’s stock valued at $7,783,000 after purchasing an additional 8,224 shares in the last quarter. Virginia Retirement Systems ET AL raised its stake in Curtiss-Wright by 256.5% during the 4th quarter. Virginia Retirement Systems ET AL now owns 8,200 shares of the aerospace company’s stock worth $954,000 after buying an additional 5,900 shares during the period. Finally, Brand Asset Management Group Inc. lifted its holdings in Curtiss-Wright by 100.0% during the fourth quarter. Brand Asset Management Group Inc. now owns 504 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 252 shares in the last quarter. 78.67% of the stock is owned by institutional investors and hedge funds.
CW traded up $0.16 during midday trading on Thursday, reaching $128.20. The company’s stock had a trading volume of 182,963 shares, compared to its average volume of 210,904. The company has a current ratio of 2.37, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $122.69 and a 200 day simple moving average of $114.00. The stock has a market cap of $5.25 billion, a P/E ratio of 22.97 and a beta of 1.52. Curtiss-Wright has a twelve month low of $81.72 and a twelve month high of $130.86.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 16th. Shareholders of record on Tuesday, March 30th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.53%. Curtiss-Wright’s payout ratio is presently 9.35%.
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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