Curtiss-Wright (NYSE:CW – Get Free Report) updated its FY 2024 earnings guidance on Friday. 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.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on CW shares. Morgan Stanley boosted their target price on Curtiss-Wright from $284.00 to $330.00 and gave the stock an overweight rating in a research note on Thursday, May 23rd. Robert W. Baird upped their price objective on Curtiss-Wright from $300.00 to $312.00 and gave the company an outperform rating in a research note on Friday. Stifel Nicolaus lifted their target price on Curtiss-Wright from $310.00 to $318.00 and gave the stock a buy rating in a research note on Thursday, July 18th. StockNews.com upgraded shares of Curtiss-Wright from a buy rating to a strong-buy rating in a research report on Thursday. Finally, Truist Financial lifted their price objective on shares of Curtiss-Wright from $252.00 to $270.00 and gave the stock a hold rating in a research report on Wednesday, May 22nd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average target price of $307.50.
Read Our Latest Report on Curtiss-Wright
Curtiss-Wright Price Performance
Curtiss-Wright (NYSE:CW – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.24 by $0.43. The company had revenue of $785.00 million during the quarter, compared to analyst estimates of $735.82 million. Curtiss-Wright had a return on equity of 16.79% and a net margin of 12.78%. Curtiss-Wright’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.15 earnings per share. Equities analysts expect that Curtiss-Wright will post 10.25 EPS for the current year.
Insider Transactions at Curtiss-Wright
In other news, COO Kevin Rayment sold 8,415 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $281.67, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Curtiss-Wright news, COO Kevin Rayment sold 8,415 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director S Marce Fuller sold 5,300 shares of the company’s 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 sale, the director now 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 ninety days, insiders purchased 120 shares of company stock valued at $27,914. 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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