Curtiss-Wright (NYSE:CW – Get Free Report) released its quarterly earnings results on Wednesday. The aerospace company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24, Briefing.com reports. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The company had revenue of $713.17 million for the quarter, compared to analysts’ expectations of $664.01 million. During the same period in the prior year, the firm earned $1.53 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. Curtiss-Wright updated its FY24 guidance to $10.10-$10.40 EPS and its FY 2024 guidance to 10.100-10.400 EPS.
Curtiss-Wright Stock Up 2.0 %
Curtiss-Wright stock traded up $5.24 during midday trading on Friday, reaching $268.17. The company’s stock had a trading volume of 303,319 shares, compared to its average volume of 201,701. The company has a market cap of $10.27 billion, a P/E ratio of 27.62 and a beta of 1.18. The company has a quick ratio of 1.50, a current ratio of 2.02 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of $248.98 and a 200-day simple moving average of $228.49. Curtiss-Wright has a fifty-two week low of $157.72 and a fifty-two week high of $269.00.
Curtiss-Wright Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.30%. Curtiss-Wright’s payout ratio is currently 8.24%.
Insider Transactions at Curtiss-Wright
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Robert W. Baird increased their target price on Curtiss-Wright from $246.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Morgan Stanley increased their target price on shares of Curtiss-Wright from $260.00 to $284.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com lowered Curtiss-Wright from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 27th. Stifel Nicolaus lifted their target price on Curtiss-Wright from $255.00 to $272.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Truist Financial boosted their target price on Curtiss-Wright from $240.00 to $252.00 and gave the stock a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $277.00.
View Our Latest Research Report on CW
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.
See Also
- Five stocks we like better than Curtiss-Wright
- How to Effectively Use the MarketBeat Ratings Screener
- MarketBeat Week in Review – 4/29 – 5/3
- ETF Screener: Uses and Step-by-Step Guide
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- What Are Trending Stocks? Trending Stocks Explained
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Curtiss-Wright Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Curtiss-Wright and related companies with MarketBeat.com's FREE daily email newsletter.