Equities analysts expect Curtiss-Wright Corp. (NYSE:CW) to post sales of $640.79 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Curtiss-Wright’s earnings, with estimates ranging from $636.00 million to $651.00 million. Curtiss-Wright posted sales of $620.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.3%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, July 31st.
On average, analysts expect that Curtiss-Wright will report full-year sales of $2.53 billion for the current financial year, with estimates ranging from $2.52 billion to $2.55 billion. For the next financial year, analysts expect that the business will post sales of $2.65 billion, with estimates ranging from $2.61 billion to $2.68 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.
Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.14. Curtiss-Wright had a return on equity of 18.68% and a net margin of 11.78%. The company had revenue of $578.30 million for the quarter, compared to analyst estimates of $574.76 million. During the same quarter in the prior year, the firm posted $0.98 EPS. Curtiss-Wright’s quarterly revenue was up 5.6% compared to the same quarter last year.
In other Curtiss-Wright news, VP Glenn E. Tynan sold 5,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $115.00, for a total value of $575,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Executive Wealth Management LLC purchased a new stake in shares of Curtiss-Wright in the fourth quarter valued at about $38,000. Carroll Financial Associates Inc. bought a new position in shares of Curtiss-Wright in the second quarter valued at approximately $38,000. Brand Asset Management Group Inc. boosted its position in shares of Curtiss-Wright by 49.6% in the first quarter. Brand Asset Management Group Inc. now owns 377 shares of the aerospace company’s stock valued at $46,000 after acquiring an additional 125 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Curtiss-Wright by 836.5% in the first quarter. Quadrant Capital Group LLC now owns 590 shares of the aerospace company’s stock valued at $65,000 after acquiring an additional 527 shares during the period. Finally, Accurate Investment Solutions Inc. bought a new position in shares of Curtiss-Wright in the first quarter valued at approximately $68,000. 76.42% of the stock is currently owned by institutional investors and hedge funds.
NYSE:CW traded up $1.96 during midday trading on Friday, hitting $127.12. 309,922 shares of the company traded hands, compared to its average volume of 293,463. The firm has a fifty day moving average price of $119.79. Curtiss-Wright has a 12-month low of $95.23 and a 12-month high of $141.29. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.05 and a quick ratio of 1.31.
Curtiss-Wright announced that its board has authorized a share repurchase program on Wednesday, May 15th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the aerospace company to buy up to 4.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 20th were paid a $0.17 dividend. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, June 19th. This represents a $0.68 dividend on an annualized basis and a yield of 0.53%. Curtiss-Wright’s dividend payout ratio (DPR) is presently 10.68%.
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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