Trading Report: The Brokers Offer Predictions for Curtiss-Wright Corp.’s Q3 2016 Earnings (CW)

The Brokers Offer Predictions for Curtiss-Wright Corp.’s Q3 2016 Earnings (CW)

Curtiss-Wright Corp. (NYSE:CW) – Research analysts at William Blair decreased their Q3 2016 earnings estimates for Curtiss-Wright Corp. in a research report issued on Friday. William Blair analyst C. Jacobson now forecasts that the firm will post earnings of $0.99 per share for the quarter, down from their prior forecast of $1.05. William Blair currently has a “Market Perform” rating and a $92.00 target price on the stock. William Blair also issued estimates for Curtiss-Wright Corp.’s Q4 2016 earnings at $1.40 EPS, FY2016 earnings at $4.00 EPS, FY2017 earnings at $4.20 EPS and FY2018 earnings at $4.60 EPS.

Curtiss-Wright Corp. (NYSE:CW) last posted its earnings results on Wednesday, July 27th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The company earned $532.80 million during the quarter, compared to analyst estimates of $523.84 million. Curtiss-Wright Corp. had a return on equity of 14.15% and a net margin of 8.21%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS.

Separately, Zacks Investment Research lowered Curtiss-Wright Corp. from a “buy” rating to a “hold” rating in a report on Monday, August 1st.

Curtiss-Wright Corp. (NYSE:CW) opened at 86.49 on Monday. Curtiss-Wright Corp. has a 52-week low of $62.57 and a 52-week high of $92.08. The stock’s 50 day moving average price is $89.12 and its 200 day moving average price is $84.27. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 22.52 and a beta of 1.27.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.52 annualized dividend and a dividend yield of 0.60%. Curtiss-Wright Corp.’s dividend payout ratio is currently 13.58%.

In related news, VP Tom P. Quinly sold 8,500 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $89.78, for a total transaction of $763,130.00. Following the completion of the sale, the vice president now directly owns 27,258 shares in the company, valued at approximately $2,447,223.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John B. Nathman sold 6,000 shares of the company’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $90.77, for a total value of $544,620.00. Following the sale, the director now owns 5,455 shares of the company’s stock, valued at $495,150.35. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in CW. Acrospire Investment Management LLC acquired a new stake in shares of Curtiss-Wright Corp. during the second quarter valued at $110,000. Bank of Montreal Can acquired a new stake in shares of Curtiss-Wright Corp. during the second quarter valued at $169,000. Public Employees Retirement System of Ohio increased its stake in shares of Curtiss-Wright Corp. by 1.8% in the second quarter. Public Employees Retirement System of Ohio now owns 2,477 shares of the company’s stock valued at $209,000 after buying an additional 44 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Curtiss-Wright Corp. by 72.4% in the second quarter. LS Investment Advisors LLC now owns 2,747 shares of the company’s stock valued at $231,000 after buying an additional 1,154 shares in the last quarter. Finally, Invictus RG acquired a new stake in shares of Curtiss-Wright Corp. during the second quarter valued at $264,000. Institutional investors and hedge funds own 77.11% of the company’s stock.

Curtiss-Wright Corp. Company Profile

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