Zacks: Analysts Anticipate Curtiss-Wright Corp. (CW) to Post $1.56 Earnings Per Share
Wall Street analysts forecast that Curtiss-Wright Corp. (NYSE:CW) will report earnings per share (EPS) of $1.56 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Curtiss-Wright’s earnings, with the lowest EPS estimate coming in at $1.49 and the highest estimate coming in at $1.71. Curtiss-Wright reported earnings per share of $1.43 in the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The business is expected to issue its next earnings results on Wednesday, October 24th.
On average, analysts expect that Curtiss-Wright will report full year earnings of $6.15 per share for the current fiscal year, with EPS estimates ranging from $6.10 to $6.27. For the next financial year, analysts anticipate that the business will post earnings of $6.76 per share, with EPS estimates ranging from $6.55 to $7.05. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Curtiss-Wright.
Curtiss-Wright (NYSE:CW) last issued its quarterly earnings data on Wednesday, July 25th. The aerospace company reported $1.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.52. Curtiss-Wright had a return on equity of 17.26% and a net margin of 10.65%. The company had revenue of $620.00 million during the quarter, compared to analyst estimates of $616.29 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. Curtiss-Wright’s revenue was up 9.2% compared to the same quarter last year.
Shares of CW traded down $1.42 during trading hours on Monday, hitting $135.91. The stock had a trading volume of 162,700 shares, compared to its average volume of 278,348. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.16 and a quick ratio of 1.42. Curtiss-Wright has a 12 month low of $102.81 and a 12 month high of $143.38. The firm has a market capitalization of $6.04 billion, a P/E ratio of 27.05, a PEG ratio of 1.76 and a beta of 1.25.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 18th. Shareholders of record on Thursday, October 4th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Wednesday, October 3rd. Curtiss-Wright’s dividend payout ratio is presently 11.93%.
In other Curtiss-Wright news, Director S Marce Fuller sold 1,250 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $133.07, for a total transaction of $166,337.50. Following the completion of the sale, the director now owns 11,734 shares of the company’s stock, valued at $1,561,443.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in shares of Curtiss-Wright by 2.8% in the second quarter. Advisors Asset Management Inc. now owns 32,313 shares of the aerospace company’s stock worth $3,846,000 after acquiring an additional 876 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Curtiss-Wright by 84.1% in the second quarter. Public Employees Retirement System of Ohio now owns 38,994 shares of the aerospace company’s stock worth $4,641,000 after acquiring an additional 17,810 shares during the period. Massmutual Trust Co. FSB ADV bought a new position in shares of Curtiss-Wright in the second quarter worth about $472,000. GHP Investment Advisors Inc. boosted its stake in shares of Curtiss-Wright by 2.0% in the second quarter. GHP Investment Advisors Inc. now owns 34,110 shares of the aerospace company’s stock worth $4,060,000 after acquiring an additional 676 shares during the period. Finally, Bank of Nova Scotia bought a new position in shares of Curtiss-Wright in the second quarter worth about $2,071,000. 75.25% of the stock is owned by hedge funds and other institutional investors.
Curtiss-Wright Company Profile
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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