Curtiss-Wright (CW) Scheduled to Post Quarterly Earnings on Wednesday

Curtiss-Wright (NYSE:CW) will issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $2.70 per share for the quarter. Curtiss-Wright has set its FY24 guidance at $10.40-10.65 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Curtiss-Wright (NYSE:CW) last posted its earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.43. The company had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $2.15 earnings per share. On average, analysts expect Curtiss-Wright to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Curtiss-Wright Stock Performance

Shares of CW stock opened at $352.06 on Wednesday. The company has a market capitalization of $13.48 billion, a P/E ratio of 36.26 and a beta of 1.18. Curtiss-Wright has a 52 week low of $194.46 and a 52 week high of $367.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.42 and a current ratio of 2.05. The company’s 50 day moving average price is $321.38 and its two-hundred day moving average price is $289.47.

Curtiss-Wright Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.24%. Curtiss-Wright’s payout ratio is presently 8.65%.

Wall Street Analyst Weigh In

CW has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Curtiss-Wright from $318.00 to $361.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird lifted their target price on Curtiss-Wright from $300.00 to $312.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. StockNews.com cut Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Finally, Truist Financial lifted their price objective on shares of Curtiss-Wright from $270.00 to $304.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Curtiss-Wright presently has an average rating of “Moderate Buy” and a consensus price target of $326.75.

Insider Buying and Selling

In other news, Director Glenda J. Minor sold 500 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the sale, the director now directly owns 1,382 shares in the company, valued at approximately $418,469.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

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.