Q3 2016 EPS Estimates for Curtiss-Wright Corp. Decreased by Analyst (CW)
Curtiss-Wright Corp. (NYSE:CW) – Equities research analysts at Seaport Global Securities cut their Q3 2016 earnings estimates for Curtiss-Wright Corp. in a note issued to investors on Friday. Seaport Global Securities analyst R. Cassil now anticipates that the firm will post earnings per share of $1.01 for the quarter, down from their previous forecast of $1.12. Seaport Global Securities also issued estimates for Curtiss-Wright Corp.’s Q4 2016 earnings at $1.48 EPS, FY2016 earnings at $4.10 EPS, Q1 2017 earnings at $0.84 EPS, Q2 2017 earnings at $1.00 EPS, Q3 2017 earnings at $1.13 EPS, Q4 2017 earnings at $1.57 EPS and FY2017 earnings at $4.54 EPS.
Curtiss-Wright Corp. (NYSE:CW) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The firm had revenue of $532.80 million for the quarter, compared to the consensus estimate of $523.84 million. Curtiss-Wright Corp. had a return on equity of 14.15% and a net margin of 8.21%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 earnings per share.
CW has been the topic of a number of other research reports. Zacks Investment Research raised shares of Curtiss-Wright Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 28th. William Blair initiated coverage on shares of Curtiss-Wright Corp. in a research report on Wednesday, August 3rd. They set a “market perform” rating and a $92.00 price objective on the stock. Finally, Deutsche Bank AG reissued a “buy” rating and set a $95.00 price objective (up previously from $89.00) on shares of Curtiss-Wright Corp. in a research report on Monday, June 13th.
Curtiss-Wright Corp. (NYSE:CW) opened at 87.87 on Monday. Curtiss-Wright Corp. has a 12 month low of $62.57 and a 12 month high of $92.08. The firm has a market cap of $3.90 billion, a P/E ratio of 22.88 and a beta of 1.27. The firm’s 50-day moving average price is $89.25 and its 200-day moving average price is $84.00.
Several large investors have recently modified their holdings of the company. Aperio Group LLC raised its stake in shares of Curtiss-Wright Corp. by 44.1% in the first quarter. Aperio Group LLC now owns 11,691 shares of the company’s stock valued at $885,000 after buying an additional 3,579 shares during the last quarter. BlackRock Inc. raised its stake in shares of Curtiss-Wright Corp. by 815.5% in the first quarter. BlackRock Inc. now owns 17,889 shares of the company’s stock valued at $1,353,000 after buying an additional 15,935 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Curtiss-Wright Corp. by 15.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,324,764 shares of the company’s stock valued at $100,245,000 after buying an additional 176,906 shares during the last quarter. Huntington Asset Advisors Inc. bought a new stake in shares of Curtiss-Wright Corp. during the first quarter valued at about $813,000. Finally, State Street Corp raised its stake in shares of Curtiss-Wright Corp. by 48.4% in the first quarter. State Street Corp now owns 1,558,198 shares of the company’s stock valued at $117,910,000 after buying an additional 508,349 shares during the last quarter. Institutional investors own 77.11% of the company’s stock.
In other news, VP Tom P. Quinly sold 8,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $89.78, for a total transaction of $763,130.00. Following the completion of the sale, the vice president now owns 27,258 shares in the company, valued at approximately $2,447,223.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John B. Nathman sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $90.77, for a total transaction of $544,620.00. Following the sale, the director now owns 5,455 shares of the company’s stock, valued at approximately $495,150.35. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, October 7th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.52 annualized dividend and a yield of 0.59%. Curtiss-Wright Corp.’s dividend payout ratio (DPR) is 13.58%.
About Curtiss-Wright Corp.
Curtiss-Wright Corporation is a provider of engineered products and services to the commercial, defense, energy and industrial markets. The Company operates through three segments: Commercial/Industrial, which provides a diversified offering of engineered products and services supporting applications primarily across the commercial aerospace and general industrial markets; Defense, which consists of businesses that primarily provide products to the defense markets and to the commercial aerospace market, and Power, which consists of businesses that primarily provide products to the power generation markets and to the naval defense market.
Receive News & Ratings for Curtiss-Wright Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright Corp. and related companies with MarketBeat.com's FREE daily email newsletter.