Zacks: Analysts Anticipate Curtiss-Wright Co. (NYSE:CW) to Post $2.34 EPS


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Analysts expect that Curtiss-Wright Co. (NYSE:CW) will post $2.34 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Curtiss-Wright’s earnings, with estimates ranging from $2.30 to $2.37. Curtiss-Wright reported earnings per share of $2.12 during the same quarter last year, which suggests a positive year over year growth rate of 10.4%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, February 24th.

On average, analysts expect that Curtiss-Wright will report full year earnings of $6.83 per share for the current financial year, with EPS estimates ranging from $6.80 to $6.87. For the next financial year, analysts expect that the business will report earnings of $7.31 per share, with EPS estimates ranging from $7.14 to $7.65. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Curtiss-Wright.

Several analysts have commented on CW shares. TheStreet raised shares of Curtiss-Wright from a “c” rating to a “b-” rating in a research note on Monday, November 9th. Robert W. Baird cut shares of Curtiss-Wright from an “outperform” rating to a “neutral” rating and set a $119.00 price objective for the company. in a research note on Thursday, January 7th. Finally, Zacks Investment Research cut shares of Curtiss-Wright from a “hold” rating to a “sell” rating and set a $114.00 price objective for the company. in a research note on Tuesday, February 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $123.40.

In other Curtiss-Wright news, VP Harry Jakubowitz sold 297 shares of the business’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 owns 22,326 shares in the company, valued at approximately $2,530,652.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David Charles Adams sold 4,005 shares of the business’s stock in a transaction on Friday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $453,966.75. Following the completion of the transaction, the chairman now owns 64,070 shares in the company, valued at approximately $7,262,334.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,223 shares of company stock valued at $818,790. 0.73% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC raised its stake in shares of Curtiss-Wright by 1,215.0% in the 4th quarter. Global Retirement Partners LLC now owns 263 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 243 shares in the last quarter. Ellevest Inc. grew its position in shares of Curtiss-Wright by 301.2% during the 4th quarter. Ellevest Inc. now owns 329 shares of the aerospace company’s stock valued at $38,000 after buying an additional 247 shares during the last quarter. CI Investments Inc. grew its position in shares of Curtiss-Wright by 168.0% during the 4th quarter. CI Investments Inc. now owns 394 shares of the aerospace company’s stock valued at $46,000 after buying an additional 247 shares during the last quarter. South State CORP. bought a new stake in shares of Curtiss-Wright during the 3rd quarter valued at about $47,000. Finally, Brand Asset Management Group Inc. grew its position in Curtiss-Wright by 100.0% in the 4th quarter. Brand Asset Management Group Inc. now owns 504 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 78.67% of the company’s stock.

CW stock traded down $1.89 during midday trading on Tuesday, hitting $116.23. The stock had a trading volume of 1,930 shares, compared to its average volume of 188,857. The firm has a market cap of $4.82 billion, a PE ratio of 21.17 and a beta of 1.52. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.37 and a quick ratio of 1.68. Curtiss-Wright has a 12-month low of $70.56 and a 12-month high of $142.04. The company’s 50-day moving average price is $114.00 and its 200 day moving average price is $106.38.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 16th. Investors of record on Tuesday, March 30th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 29th. This represents a $0.68 dividend on an annualized basis and a yield of 0.59%. Curtiss-Wright’s dividend payout ratio (DPR) is 9.35%.

About Curtiss-Wright

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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