Analysts Expect Curtiss-Wright Corp. (CW) Will Announce Quarterly Sales of $550.17 Million

Wall Street analysts predict that Curtiss-Wright Corp. (NYSE:CW) will report $550.17 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Curtiss-Wright’s earnings, with estimates ranging from $545.00 million to $556.30 million. Curtiss-Wright posted sales of $523.59 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The company is expected to announce its next earnings report on Wednesday, May 2nd.

On average, analysts expect that Curtiss-Wright will report full-year sales of $550.17 million for the current year, with estimates ranging from $2.36 billion to $2.45 billion. For the next financial year, analysts forecast that the company will post sales of $2.50 billion per share, with estimates ranging from $2.46 billion to $2.60 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Curtiss-Wright.

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Curtiss-Wright (NYSE:CW) last announced its earnings results on Wednesday, February 21st. The aerospace company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.29. Curtiss-Wright had a return on equity of 15.46% and a net margin of 9.46%. The firm had revenue of $611.88 million during the quarter, compared to analysts’ expectations of $589.22 million.

CW has been the subject of several research analyst reports. Wells Fargo raised Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research note on Tuesday, January 16th. Zacks Investment Research raised Curtiss-Wright from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research note on Thursday, February 8th. William Blair reaffirmed a “market perform” rating on shares of Curtiss-Wright in a research note on Thursday, February 22nd. Stifel Nicolaus raised their price objective on Curtiss-Wright from $126.00 to $139.00 and gave the company a “hold” rating in a research note on Tuesday, January 16th. Finally, Seaport Global Securities reissued a “buy” rating and set a $150.00 price target on shares of Curtiss-Wright in a research report on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $137.63.

In other news, CFO Glenn E. Tynan sold 5,189 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $120.45, for a total transaction of $625,015.05. Following the sale, the chief financial officer now owns 58,476 shares in the company, valued at $7,043,434.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Charles Adams sold 17,414 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $135.00, for a total value of $2,350,890.00. The disclosure for this sale can be found here. Insiders have sold 52,154 shares of company stock valued at $6,792,070 in the last three months. 1.10% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Meadow Creek Investment Management LLC boosted its holdings in shares of Curtiss-Wright by 16.4% during the fourth quarter. Meadow Creek Investment Management LLC now owns 3,296 shares of the aerospace company’s stock worth $402,000 after purchasing an additional 464 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in shares of Curtiss-Wright by 16.8% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,775 shares of the aerospace company’s stock worth $460,000 after purchasing an additional 543 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Curtiss-Wright by 11.6% during the third quarter. Pacer Advisors Inc. now owns 5,751 shares of the aerospace company’s stock worth $601,000 after purchasing an additional 600 shares during the last quarter. Stanley Laman Group Ltd. boosted its holdings in shares of Curtiss-Wright by 1.1% during the fourth quarter. Stanley Laman Group Ltd. now owns 60,101 shares of the aerospace company’s stock worth $7,323,000 after purchasing an additional 625 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. boosted its holdings in shares of Curtiss-Wright by 22.2% during the fourth quarter. Campbell Newman Asset Management Inc. now owns 4,048 shares of the aerospace company’s stock worth $493,000 after purchasing an additional 735 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Shares of CW traded down $4.69 during mid-day trading on Friday, hitting $134.24. The company’s stock had a trading volume of 179,322 shares, compared to its average volume of 225,375. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.37 and a quick ratio of 1.73. The stock has a market capitalization of $6,012.54, a P/E ratio of 26.69, a P/E/G ratio of 1.80 and a beta of 1.18. Curtiss-Wright has a 1-year low of $82.77 and a 1-year high of $140.07.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.45%. The ex-dividend date is Wednesday, March 28th. Curtiss-Wright’s payout ratio is 11.93%.

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

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