Analysts expect Curtiss-Wright Co. (NYSE:CW) to announce $589.78 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Curtiss-Wright’s earnings. The highest sales estimate is $594.90 million and the lowest is $583.00 million. Curtiss-Wright posted sales of $550.05 million during the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The company is scheduled to issue its next earnings results on Monday, August 2nd.
According to Zacks, analysts expect that Curtiss-Wright will report full-year sales of $2.48 billion for the current year, with estimates ranging from $2.48 billion to $2.49 billion. For the next year, analysts expect that the business will post sales of $2.60 billion, with estimates ranging from $2.55 billion to $2.62 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Curtiss-Wright.
Curtiss-Wright (NYSE:CW) last announced its quarterly earnings data on Wednesday, May 5th. The aerospace company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.21. Curtiss-Wright had a net margin of 8.76% and a return on equity of 16.44%. The company had revenue of $597.06 million during the quarter, compared to analyst estimates of $581.21 million.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 2nd. Investors of record on Friday, June 18th will be issued a $0.18 dividend. This is a positive change from Curtiss-Wright’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, June 17th. Curtiss-Wright’s payout ratio is presently 9.90%.
In other news, COO Tom P. Quinly sold 1,137 shares of the business’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $120.48, for a total transaction of $136,985.76. Following the completion of the sale, the chief operating officer now owns 41,684 shares of the company’s stock, valued at approximately $5,022,088.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Lynn J. Bamford sold 750 shares of the business’s stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $120.47, for a total transaction of $90,352.50. Following the sale, the chief executive officer now directly owns 13,007 shares of the company’s stock, valued at approximately $1,566,953.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,371 shares of company stock valued at $2,345,914. 0.74% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Cardinal Capital Management boosted its holdings in Curtiss-Wright by 1.0% in the 1st quarter. Cardinal Capital Management now owns 8,682 shares of the aerospace company’s stock worth $1,030,000 after buying an additional 85 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in Curtiss-Wright by 2.1% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 4,872 shares of the aerospace company’s stock worth $567,000 after buying an additional 100 shares during the period. State of Michigan Retirement System boosted its holdings in Curtiss-Wright by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 15,198 shares of the aerospace company’s stock worth $1,802,000 after buying an additional 100 shares during the period. MBM Wealth Consultants LLC boosted its holdings in Curtiss-Wright by 9.5% in the 1st quarter. MBM Wealth Consultants LLC now owns 1,150 shares of the aerospace company’s stock worth $136,000 after buying an additional 100 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in Curtiss-Wright by 30.7% in the 1st quarter. Meeder Asset Management Inc. now owns 447 shares of the aerospace company’s stock worth $53,000 after buying an additional 105 shares during the period. 81.12% of the stock is owned by hedge funds and other institutional investors.
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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