Curtiss-Wright (NYSE:CW – Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 10.400-10.650 for the period, compared to the consensus 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.
Curtiss-Wright Stock Performance
Shares of CW stock opened at $291.33 on Monday. Curtiss-Wright has a 12 month low of $190.64 and a 12 month high of $297.53. The company has a current ratio of 2.02, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40. The company has a market cap of $11.16 billion, a P/E ratio of 30.00 and a beta of 1.18. The firm has a fifty day moving average price of $276.75 and a 200 day moving average price of $259.90.
Curtiss-Wright (NYSE:CW – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.43. The business had revenue of $785.00 million for the quarter, compared to the consensus estimate of $735.82 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.15 EPS. Sell-side analysts predict that Curtiss-Wright will post 10.25 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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Insiders Place Their Bets
In related news, COO Kevin Rayment sold 8,415 shares of Curtiss-Wright stock in a transaction that occurred on 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 in the company, valued at $5,609,176.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO Kevin Rayment sold 8,415 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $281.67, for a total transaction of $2,370,253.05. Following the sale, the chief operating officer now owns 19,914 shares of the company’s stock, valued at $5,609,176.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director S Marce Fuller sold 5,300 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $281.04, for a total transaction of $1,489,512.00. Following the completion of the transaction, the director now directly owns 25,770 shares of the company’s stock, valued at $7,242,400.80. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 120 shares of company stock worth $27,914. Company insiders own 0.67% of the company’s stock.
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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