Curtiss-Wright (CW) to Release Earnings on Wednesday

Curtiss-Wright (NYSE:CW) will announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.74 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Curtiss-Wright (NYSE:CW) last issued its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.92 by $0.24. The company had revenue of $785.79 million for the quarter, compared to the consensus estimate of $737.09 million. Curtiss-Wright had a net margin of 12.46% and a return on equity of 16.61%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.92 EPS. On average, analysts expect Curtiss-Wright to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Curtiss-Wright Stock Up 1.2 %

Shares of NYSE CW opened at $257.00 on Tuesday. Curtiss-Wright has a 1 year low of $157.72 and a 1 year high of $261.46. The firm has a 50-day simple moving average of $247.18 and a two-hundred day simple moving average of $227.27. The company has a market cap of $9.84 billion, a P/E ratio of 27.93 and a beta of 1.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.13 and a quick ratio of 1.50.

Curtiss-Wright Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Wednesday, March 27th. Curtiss-Wright’s dividend payout ratio is currently 8.70%.

Wall Street Analyst Weigh In

Several brokerages have commented on CW. Stifel Nicolaus upped their price objective on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Robert W. Baird upped their price target on shares of Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Truist Financial reiterated a “hold” rating and set a $240.00 price objective (down previously from $250.00) on shares of Curtiss-Wright in a report on Monday, March 25th. Finally, StockNews.com cut shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $260.25.

Insiders Place Their Bets

In other news, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the transaction, the vice president now directly owns 17,383 shares in the company, valued at $4,171,920. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Curtiss-Wright news, CFO K Christopher Farkas sold 2,736 shares of Curtiss-Wright stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $240.16, for a total value of $657,077.76. Following the transaction, the chief financial officer now owns 9,172 shares in the company, valued at $2,202,747.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul J. Ferdenzi sold 2,500 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $240.00, for a total transaction of $600,000.00. Following the sale, the vice president now directly owns 17,383 shares of the company’s stock, valued at $4,171,920. The disclosure for this sale can be found here. Insiders have sold a total of 12,451 shares of company stock worth $3,030,512 in the last three months. Corporate insiders own 0.55% of the company’s stock.

Curtiss-Wright Company Profile

Curtiss-Wright Corporation, together with its subsidiaries, provides engineered products, solutions, and services mainly to aerospace and defense, commercial power, process, and industrial markets worldwide. It operates through three segments: Aerospace & Industrial, Defense Electronics, and Naval & Power.