Curtiss-Wright (NYSE:CW – Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 10.400-10.650 for the period, compared to the consensus EPS estimate of 10.330. The company issued revenue guidance of $3.0 billion-$3.1 billion, compared to the consensus revenue estimate of $3.0 billion.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Robert W. Baird raised their target price on Curtiss-Wright from $300.00 to $312.00 and gave the company an outperform rating in a research note on Friday. Stifel Nicolaus raised their price objective on Curtiss-Wright from $310.00 to $318.00 and gave the company a buy rating in a research report on Thursday, July 18th. Morgan Stanley upped their target price on shares of Curtiss-Wright from $284.00 to $330.00 and gave the stock an overweight rating in a research report on Thursday, May 23rd. Truist Financial lifted their price target on shares of Curtiss-Wright from $252.00 to $270.00 and gave the company a hold rating in a research report on Wednesday, May 22nd. Finally, StockNews.com upgraded shares of Curtiss-Wright from a buy rating to a strong-buy rating in a report on Thursday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Buy and a consensus price target of $307.50.
View Our Latest Report on Curtiss-Wright
Curtiss-Wright Trading Up 1.6 %
Curtiss-Wright (NYSE:CW – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.43. Curtiss-Wright had a net margin of 12.78% and a return on equity of 16.79%. 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 prior year, the company posted $2.15 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Research analysts expect that Curtiss-Wright will post 10.25 earnings per share for the current year.
Insiders Place Their Bets
In other news, COO Kevin Rayment sold 8,415 shares of Curtiss-Wright stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $281.67, for a total value of $2,370,253.05. Following the sale, the chief operating officer now directly owns 19,914 shares of the company’s stock, valued at $5,609,176.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director S Marce Fuller sold 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $281.04, for a total value of $1,489,512.00. Following the completion of the sale, the director now directly owns 25,770 shares of the company’s stock, valued at approximately $7,242,400.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kevin Rayment sold 8,415 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $281.67, for a total value of $2,370,253.05. Following the transaction, the chief operating officer now directly owns 19,914 shares in the company, valued at approximately $5,609,176.38. The disclosure for this sale can be found here. Insiders have purchased a total of 120 shares of company stock worth $27,914 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.
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.
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