Curtiss-Wright (NYSE:CW) Releases FY 2024 Earnings Guidance

Curtiss-Wright (NYSE:CW) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 10.550-10.750 for the period, compared to the consensus earnings per share estimate of 10.620. The company issued revenue guidance of $3.1 billion-$3.1 billion, compared to the consensus revenue estimate of $3.0 billion. Curtiss-Wright also updated its FY24 guidance to $10.55-10.75 EPS.

Wall Street Analysts Forecast Growth

CW has been the subject of several recent research reports. Robert W. Baird lifted their target price on shares of Curtiss-Wright from $300.00 to $312.00 and gave the company an “outperform” rating in a report 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. Stifel Nicolaus increased their target price on Curtiss-Wright from $318.00 to $361.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Truist Financial lifted their price target on Curtiss-Wright from $270.00 to $304.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. Finally, Alembic Global Advisors started coverage on shares of Curtiss-Wright in a research note on Tuesday. They set an “overweight” rating and a $412.00 price objective for the company. One 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $343.80.

Curtiss-Wright Trading Down 0.1 %

CW opened at $353.70 on Thursday. The stock has a 50-day moving average of $328.33 and a 200 day moving average of $293.89. 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 has a 12 month low of $196.10 and a 12 month high of $367.55. The firm has a market cap of $13.55 billion, a P/E ratio of 36.43 and a beta of 1.18.

Curtiss-Wright (NYSE:CW) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a net margin of 13.05% and a return on equity of 17.07%. The firm had revenue of $785.00 million during the quarter, compared to analysts’ expectations of $735.82 million. During the same period in the previous year, the company earned $2.15 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, research analysts forecast that Curtiss-Wright will post 10.56 EPS for the current year.

Curtiss-Wright Dividend Announcement

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

Insider Activity

In other Curtiss-Wright news, Director Glenda J. Minor sold 500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $302.80, for a total transaction of $151,400.00. Following the completion of the sale, the director now directly owns 1,382 shares of the company’s stock, valued at approximately $418,469.60. This represents 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. Insiders own 0.67% of the company’s stock.

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.