Curtiss-Wright (CW) to Release Earnings on Wednesday

Curtiss-Wright (NYSE:CW) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Curtiss-Wright to post 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 register for the company’s earnings conference call can do so using this link.

Curtiss-Wright (NYSE:CW) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The company had revenue of $785.00 million for the quarter, compared to analyst estimates of $735.82 million. During the same quarter last year, the business earned $2.15 earnings per share. Curtiss-Wright’s revenue was up 11.4% compared to the same quarter last year. 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 Price Performance

Shares of NYSE:CW opened at $349.71 on Tuesday. The firm’s 50 day moving average is $326.17 and its two-hundred day moving average is $292.74. Curtiss-Wright has a 52 week low of $195.14 and a 52 week high of $367.55. The firm has a market capitalization of $13.39 billion, a P/E ratio of 36.02 and a beta of 1.18. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.39.

Curtiss-Wright Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 0.24%. Curtiss-Wright’s payout ratio is currently 8.65%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com lowered shares of Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 23rd. Stifel Nicolaus raised their price objective 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 raised their price objective on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Truist Financial raised their price objective on shares of Curtiss-Wright from $270.00 to $304.00 and gave the company a “hold” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $326.75.

Insider Activity at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of Curtiss-Wright stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $302.80, for a total value of $151,400.00. Following the transaction, the director now 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 filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.67% 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.