Analysts expect Curtiss-Wright Corp. (NYSE:CW) to report earnings of $1.46 per share for the current quarter, according to Zacks. Six analysts have issued estimates for Curtiss-Wright’s earnings, with estimates ranging from $1.41 to $1.53. Curtiss-Wright posted earnings per share of $1.58 in the same quarter last year, which suggests a negative year over year growth rate of 7.6%. The business is scheduled to issue its next earnings results after the market closes 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 year, with EPS estimates ranging from $4.70 to $4.82. For the next year, analysts expect that the business will post earnings of $5.36 per share, with EPS estimates ranging from $5.13 to $5.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Curtiss-Wright.
CW has been the topic of a number of research reports. Wells Fargo & Co boosted their target price on shares of Curtiss-Wright from $100.00 to $120.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Robert W. Baird initiated coverage on shares of Curtiss-Wright in a report on Tuesday, December 5th. They issued an “outperform” rating and a $149.00 target price on the stock. Bank of America upgraded shares of Curtiss-Wright from a “neutral” rating to a “buy” rating and set a $136.00 target price on the stock in a report on Monday, October 30th. Zacks Investment Research upgraded shares of Curtiss-Wright from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Tuesday, October 17th. Finally, Seaport Global Securities restated a “buy” rating on shares of Curtiss-Wright in a report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $133.29.
Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new position in shares of Curtiss-Wright during the 4th quarter worth about $135,000. Community Financial Services Group LLC purchased a new position in shares of Curtiss-Wright during the 4th quarter worth about $201,000. Magnetar Financial LLC purchased a new position in shares of Curtiss-Wright during the 3rd quarter worth about $203,000. Sabal Trust CO purchased a new position in shares of Curtiss-Wright during the 4th quarter worth about $207,000. Finally, Cigna Investments Inc. New purchased a new position in shares of Curtiss-Wright during the 4th quarter worth about $209,000. 76.98% of the stock is owned by hedge funds and other institutional investors.
Curtiss-Wright (NYSE CW) traded up $1.73 during trading on Monday, hitting $118.29. 229,839 shares of the stock were exchanged, compared to its average volume of 211,290. Curtiss-Wright has a 12-month low of $82.77 and a 12-month high of $134.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.48 and a current ratio of 2.08. The company has a market cap of $5,143.72, a P/E ratio of 24.54, a PEG ratio of 1.76 and a beta of 1.24.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Thursday, March 29th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.51%. Curtiss-Wright’s dividend payout ratio is presently 12.45%.
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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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