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

Wall Street brokerages expect Curtiss-Wright Corp. (NYSE:CW) to announce $550.17 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Curtiss-Wright’s earnings, with the highest sales estimate coming in at $556.30 million and the lowest estimate coming in at $545.00 million. Curtiss-Wright posted sales of $523.59 million in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, May 2nd.

On average, analysts expect that Curtiss-Wright will report full year sales of $2.38 billion for the current financial year, with estimates ranging from $2.36 billion to $2.45 billion. For the next financial year, analysts expect that the business will report sales of $2.50 billion per share, with estimates ranging from $2.46 billion to $2.60 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Curtiss-Wright.

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Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Wednesday, February 21st. The aerospace company reported $1.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.29. The company had revenue of $611.88 million for the quarter, compared to the consensus estimate of $589.22 million. Curtiss-Wright had a return on equity of 15.46% and a net margin of 9.46%.



Several brokerages have recently weighed in on CW. Stifel Nicolaus lifted their price objective on Curtiss-Wright from $126.00 to $139.00 and gave the stock a “hold” rating in a report on Tuesday, January 16th. ValuEngine raised Curtiss-Wright from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Wells Fargo raised Curtiss-Wright from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a report on Tuesday, January 16th. Seaport Global Securities reissued a “buy” rating and set a $150.00 price objective on shares of Curtiss-Wright in a report on Monday, February 26th. Finally, William Blair reissued a “market perform” rating on shares of Curtiss-Wright in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $137.63.

Shares of NYSE CW opened at $137.56 on Monday. The company has a current ratio of 2.37, a quick ratio of 1.73 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $6,071.71, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 1.81 and a beta of 1.18. Curtiss-Wright has a 12 month low of $82.77 and a 12 month high of $140.07.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Wednesday, March 28th. Curtiss-Wright’s payout ratio is presently 11.93%.

In related news, Director S Marce Fuller sold 1,300 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $130.66, for a total value of $169,858.00. Following the sale, the director now owns 14,234 shares of the company’s stock, valued at approximately $1,859,814.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP K Christopher Farkas sold 700 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $120.25, for a total value of $84,175.00. Following the completion of the sale, the vice president now directly owns 2,152 shares in the company, valued at approximately $258,778. The disclosure for this sale can be found here. Insiders have sold a total of 52,154 shares of company stock worth $6,792,070 in the last three months. 1.10% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC acquired a new stake in Curtiss-Wright in the 4th quarter valued at $5,856,000. Gotham Asset Management LLC boosted its stake in Curtiss-Wright by 344.0% in the 4th quarter. Gotham Asset Management LLC now owns 25,032 shares of the aerospace company’s stock valued at $3,050,000 after buying an additional 19,394 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Curtiss-Wright in the 4th quarter valued at $281,000. Zeke Capital Advisors LLC acquired a new stake in Curtiss-Wright in the 4th quarter valued at $243,000. Finally, Millennium Management LLC boosted its stake in Curtiss-Wright by 132.7% in the 4th quarter. Millennium Management LLC now owns 290,711 shares of the aerospace company’s stock valued at $35,423,000 after buying an additional 165,803 shares in the last quarter. 78.65% of the stock is currently owned by institutional investors and hedge funds.

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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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