Somewhat Favorable News Coverage Somewhat Unlikely to Affect Curtiss-Wright (CW) Share Price
News coverage about Curtiss-Wright (NYSE:CW) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Curtiss-Wright earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the aerospace company an impact score of 46.9223220614196 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- $627.21 Million in Sales Expected for Curtiss-Wright Corp. (CW) This Quarter (americanbankingnews.com)
- Curtiss-Wright (CW) Research Coverage Started at UBS Group (americanbankingnews.com)
- Zacks: Analysts Anticipate Curtiss-Wright Corp. (CW) Will Post Earnings of $1.56 Per Share (americanbankingnews.com)
- X-By-Wire Systems – Global Strategic Business Report 2018: Leading Players are Continental, CTS, Curtiss-Wright … (businesswire.com)
- Flight Data Monitoring and Analysis Market | Industry Key Players – Curtiss-Wright Corporation, Teledyne Controls LLC … (thefairreporter.com)
Several brokerages recently issued reports on CW. Zacks Investment Research upgraded Curtiss-Wright from a “hold” rating to a “buy” rating and set a $146.00 price target for the company in a report on Tuesday. ValuEngine upgraded Curtiss-Wright from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. UBS Group began coverage on Curtiss-Wright in a research note on Wednesday. They issued a “neutral” rating and a $140.00 price objective for the company. Stifel Nicolaus reduced their price objective on Curtiss-Wright from $141.00 to $136.00 and set a “hold” rating for the company in a research note on Friday, May 4th. Finally, William Blair upgraded Curtiss-Wright from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $145.00 to $129.00 in a research note on Monday, July 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Curtiss-Wright currently has a consensus rating of “Buy” and an average target price of $135.90.
Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, July 25th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.52. The firm had revenue of $620.00 million during the quarter, compared to the consensus estimate of $616.29 million. Curtiss-Wright had a return on equity of 17.26% and a net margin of 10.65%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.13 EPS. equities analysts forecast that Curtiss-Wright will post 6.15 EPS for the current fiscal year.
Curtiss-Wright declared that its Board of Directors has initiated a share repurchase plan on Monday, May 21st that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the aerospace company to buy up to 0.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director S Marce Fuller sold 1,250 shares of the company’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $132.74, for a total transaction of $165,925.00. Following the transaction, the director now owns 12,984 shares of the company’s stock, valued at approximately $1,723,496.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by corporate insiders.
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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