Curtiss-Wright Corporation (NYSE:CW) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.45-4.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.47. The company issued revenue guidance of $2.19-2.23 billion, compared to the consensus revenue estimate of $2.20 billion.
Shares of Curtiss-Wright Corporation (NYSE:CW) traded up 0.21% during mid-day trading on Friday, reaching $97.00. 194,199 shares of the company were exchanged. The firm’s 50-day moving average is $93.26 and its 200-day moving average is $93.21. Curtiss-Wright Corporation has a 12 month low of $82.77 and a 12 month high of $107.61. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 22.01 and a beta of 1.25.
Curtiss-Wright Corporation (NYSE:CW) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.16. Curtiss-Wright Corporation had a net margin of 9.14% and a return on equity of 14.79%. The firm had revenue of $567.70 million for the quarter, compared to analyst estimates of $546.73 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts forecast that Curtiss-Wright Corporation will post $4.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Shareholders of record on Thursday, June 22nd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.54%. The ex-dividend date was Tuesday, June 20th. Curtiss-Wright Corporation’s dividend payout ratio (DPR) is currently 11.79%.
Several research firms have commented on CW. Zacks Investment Research upgraded shares of Curtiss-Wright Corporation from a sell rating to a hold rating in a report on Friday, May 5th. SunTrust Banks, Inc. upgraded shares of Curtiss-Wright Corporation from a hold rating to a buy rating and upped their price objective for the company from $103.00 to $112.00 in a report on Monday, June 5th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $104.00.
In other Curtiss-Wright Corporation news, Director S Marce Fuller sold 1,300 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $96.16, for a total value of $125,008.00. Following the transaction, the director now directly owns 14,960 shares in the company, valued at $1,438,553.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.
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Curtiss-Wright Corporation 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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