Equities analysts expect Curtiss-Wright Co. (NYSE:CW) to announce sales of $589.78 million for the current quarter, according to Zacks. Four analysts have made estimates for Curtiss-Wright’s earnings, with the lowest sales estimate coming in at $583.00 million and the highest estimate coming in at $594.90 million. Curtiss-Wright posted sales of $550.05 million in the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The business is expected to announce its next quarterly earnings report on Monday, August 2nd.
On average, analysts expect that Curtiss-Wright will report full year sales of $2.48 billion for the current financial year, with estimates ranging from $2.48 billion to $2.49 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.60 billion, with estimates ranging from $2.55 billion to $2.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Curtiss-Wright.
Curtiss-Wright (NYSE:CW) last released its quarterly earnings data on Wednesday, May 5th. The aerospace company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.21. Curtiss-Wright had a return on equity of 16.44% and a net margin of 8.76%. The company had revenue of $597.06 million during the quarter, compared to analysts’ expectations of $581.21 million.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp acquired a new position in Curtiss-Wright in the 1st quarter valued at $26,000. Rockefeller Capital Management L.P. bought a new position in shares of Curtiss-Wright in the 1st quarter valued at $28,000. Ellevest Inc. increased its stake in shares of Curtiss-Wright by 301.2% in the 4th quarter. Ellevest Inc. now owns 329 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 247 shares during the last quarter. Capital Asset Advisory Services LLC bought a new position in shares of Curtiss-Wright in the 4th quarter valued at $42,000. Finally, CI Investments Inc. increased its stake in shares of Curtiss-Wright by 168.0% in the 4th quarter. CI Investments Inc. now owns 394 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 247 shares during the last quarter. 81.12% of the stock is owned by hedge funds and other institutional investors.
Shares of CW traded up $0.27 during mid-day trading on Friday, reaching $126.73. The company’s stock had a trading volume of 110,502 shares, compared to its average volume of 200,283. Curtiss-Wright has a 1-year low of $82.03 and a 1-year high of $133.37. The stock has a market cap of $5.19 billion, a PE ratio of 25.15 and a beta of 1.62. The business’s 50-day moving average price is $125.63. The company has a current ratio of 1.75, a quick ratio of 1.14 and a debt-to-equity ratio of 0.52.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 2nd. Stockholders of record on Friday, June 18th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.57%. This is a boost from Curtiss-Wright’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, June 17th. Curtiss-Wright’s dividend payout ratio (DPR) is presently 9.90%.
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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