Curtiss-Wright (CW) Set to Announce Quarterly Earnings on Wednesday

Curtiss-Wright (NYSE:CW) is scheduled to be announcing its earnings results 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Curtiss-Wright (NYSE:CW) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.43. The firm had revenue of $785.00 million during 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 company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior 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 Up 0.4 %

NYSE CW opened at $345.68 on Monday. Curtiss-Wright has a 1-year low of $194.46 and a 1-year high of $367.55. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 35.60 and a beta of 1.18. The stock’s 50 day moving average is $325.23 and its two-hundred day moving average is $292.05. 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 business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, September 27th. Curtiss-Wright’s dividend payout ratio is 8.65%.

Insider Buying and Selling at Curtiss-Wright

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $302.80, for a total transaction of $151,400.00. Following the transaction, the director now owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Curtiss-Wright

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.