$1.56 Earnings Per Share Expected for Curtiss-Wright Corp. (CW) This Quarter

Equities research analysts predict that Curtiss-Wright Corp. (NYSE:CW) will announce $1.56 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Curtiss-Wright’s earnings, with estimates ranging from $1.49 to $1.71. Curtiss-Wright posted earnings of $1.43 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The business is scheduled to issue its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that Curtiss-Wright will report full year earnings of $6.15 per share for the current financial year, with EPS estimates ranging from $6.10 to $6.27. For the next financial year, analysts expect 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 calculations are an average based on a survey of sell-side analysts that cover Curtiss-Wright.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, July 25th. The aerospace company reported $1.80 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $620.00 million for the quarter, compared to analyst estimates of $616.29 million. During the same period in the previous year, the firm earned $1.13 earnings per share. The company’s revenue was up 9.2% compared to the same quarter last year.

Several equities analysts have issued reports on CW shares. Zacks Investment Research lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. UBS Group assumed coverage on Curtiss-Wright in a research report on Wednesday, August 15th. They set a “neutral” rating and a $140.00 target price on the stock. William Blair raised Curtiss-Wright from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $145.00 to $129.00 in a research report on Monday, July 2nd. They noted that the move was a valuation call. Finally, ValuEngine lowered Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Thursday, July 5th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $135.90.

CW traded down $1.42 during trading on Monday, hitting $135.91. The company’s stock had a trading volume of 162,700 shares, compared to its average volume of 278,348. Curtiss-Wright has a twelve month low of $102.81 and a twelve month high of $143.38. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.42 and a current ratio of 2.16. The firm has a market cap of $6.04 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.76 and a beta of 1.25.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Stockholders of record on Thursday, October 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, October 3rd. Curtiss-Wright’s payout ratio is 11.93%.

In other news, Director S Marce Fuller sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $133.07, for a total transaction of $166,337.50. Following the transaction, the director now directly owns 11,734 shares of the company’s stock, valued at $1,561,443.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in Curtiss-Wright during the second quarter worth $546,000. Systematic Financial Management LP grew its stake in Curtiss-Wright by 26.3% in the 2nd quarter. Systematic Financial Management LP now owns 85,151 shares of the aerospace company’s stock valued at $10,135,000 after purchasing an additional 17,749 shares during the period. Paloma Partners Management Co grew its stake in Curtiss-Wright by 6,300.8% in the 2nd quarter. Paloma Partners Management Co now owns 136,337 shares of the aerospace company’s stock valued at $16,226,000 after purchasing an additional 134,207 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Curtiss-Wright by 30.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 37,500 shares of the aerospace company’s stock valued at $4,463,000 after purchasing an additional 8,828 shares during the period. Finally, BlueMountain Capital Management LLC grew its stake in Curtiss-Wright by 1,701.0% in the 2nd quarter. BlueMountain Capital Management LLC now owns 65,448 shares of the aerospace company’s stock valued at $7,790,000 after purchasing an additional 61,814 shares during the period. Institutional investors and hedge funds own 75.25% of the company’s stock.

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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Earnings History and Estimates for Curtiss-Wright (NYSE:CW)

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