Brokerages expect Curtiss-Wright Corp. (NYSE:CW) to announce $0.91 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Curtiss-Wright’s earnings, with estimates ranging from $0.79 to $1.16. Curtiss-Wright posted earnings of $0.64 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 42.2%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, May 2nd.
On average, analysts expect that Curtiss-Wright will report full-year earnings of $5.72 per share for the current fiscal year, with EPS estimates ranging from $5.30 to $5.91. For the next year, analysts expect that the firm will post earnings of $6.40 per share, with EPS estimates ranging from $6.20 to $6.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Curtiss-Wright.
A number of equities research analysts recently issued reports on the stock. Robert W. Baird assumed coverage on shares of Curtiss-Wright in a research report on Tuesday, December 5th. They set an “outperform” rating and a $149.00 target price for the company. Stifel Nicolaus increased their target price on shares of Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a research report on Tuesday, January 16th. William Blair reiterated a “market perform” rating on shares of Curtiss-Wright in a research report on Thursday, February 22nd. Seaport Global Securities restated a “buy” rating and issued a $150.00 price objective on shares of Curtiss-Wright in a research report on Monday. Finally, Zacks Investment Research cut shares of Curtiss-Wright from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Curtiss-Wright has an average rating of “Buy” and a consensus price target of $137.63.
Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $135,000. Community Financial Services Group LLC acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $201,000. Magnetar Financial LLC acquired a new stake in shares of Curtiss-Wright during the 3rd quarter worth approximately $203,000. Sabal Trust CO acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $207,000. Finally, Cigna Investments Inc. New acquired a new stake in shares of Curtiss-Wright during the 4th quarter worth approximately $209,000. Institutional investors own 75.55% of the company’s stock.
Shares of Curtiss-Wright (CW) traded down $1.21 during trading on Thursday, hitting $136.54. 180,422 shares of the company were exchanged, compared to its average volume of 237,911. The firm has a market cap of $6,006.36, a PE ratio of 28.39, a P/E/G ratio of 1.97 and a beta of 1.24. The company has a quick ratio of 1.73, a current ratio of 2.37 and a debt-to-equity ratio of 0.53. Curtiss-Wright has a 1-year low of $82.77 and a 1-year high of $139.04.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Wednesday, March 28th. Curtiss-Wright’s payout ratio is presently 12.47%.
Curtiss-Wright Company Profile
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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