Curtiss-Wright (NYSE:CW) Updates FY 2025 Earnings Guidance

Key Points

• Curtiss-Wright has updated its FY 2025 earnings guidance with an EPS target of 12.700-13.000, slightly above the consensus estimate of 12.762, and revenue guidance of $3.4 billion.
• The company's stock price fell 7.3%, trading at $472.12, following the earnings guidance update.
• Curtiss-Wright announced an increase in its quarterly dividend from $0.21 to $0.24 per share, reflecting a commitment to returning value to its shareholders.

Curtiss-Wright (NYSE:CW - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 12.700-13.000 for the period, compared to the consensus EPS estimate of 12.762. The company issued revenue guidance of $3.4 billion-$3.4 billion, compared to the consensus revenue estimate of $3.4 billion.

Curtiss-Wright Stock Down 7.3%

Shares of NYSE:CW traded down $37.20 during trading hours on Thursday, reaching $472.12. The stock had a trading volume of 304,162 shares, compared to its average volume of 314,479. The stock has a market capitalization of $17.78 billion, a price-to-earnings ratio of 42.32, a P/E/G ratio of 3.21 and a beta of 1.18. The firm's 50 day moving average is $476.76 and its 200-day moving average is $389.58. Curtiss-Wright has a 1 year low of $266.88 and a 1 year high of $517.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.28 and a current ratio of 1.89.

Curtiss-Wright (NYSE:CW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The aerospace company reported $3.23 earnings per share for the quarter, topping analysts' consensus estimates of $3.13 by $0.10. Curtiss-Wright had a return on equity of 18.02% and a net margin of 13.38%. The firm had revenue of $876.58 million for the quarter, compared to analyst estimates of $855.10 million. During the same quarter in the prior year, the company posted $2.67 earnings per share. Curtiss-Wright's quarterly revenue was up 11.7% on a year-over-year basis. Research analysts predict that Curtiss-Wright will post 12.32 earnings per share for the current fiscal year.

Curtiss-Wright Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 16th were paid a dividend of $0.24 per share. This is a boost from Curtiss-Wright's previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.2%. Curtiss-Wright's payout ratio is 8.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CW shares. Truist Financial dropped their target price on Curtiss-Wright from $356.00 to $338.00 and set a "hold" rating on the stock in a research report on Friday, July 11th. Morgan Stanley boosted their target price on Curtiss-Wright from $405.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Wall Street Zen lowered Curtiss-Wright from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 2nd. Citigroup increased their target price on shares of Curtiss-Wright from $525.00 to $568.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Stifel Nicolaus increased their price objective on Curtiss-Wright from $365.00 to $450.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Curtiss-Wright currently has an average rating of "Moderate Buy" and a consensus price target of $467.14.

Insider Activity

In related news, VP John C. Watts sold 450 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $449.36, for a total value of $202,212.00. Following the sale, the vice president owned 4,959 shares of the company's stock, valued at $2,228,376.24. The trade was a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bruce D. Hoechner sold 1,900 shares of Curtiss-Wright stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $448.00, for a total transaction of $851,200.00. Following the completion of the sale, the director owned 4,523 shares of the company's stock, valued at $2,026,304. This represents a 29.58% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.55% of the company's stock.

Hedge Funds Weigh In On Curtiss-Wright

An institutional investor recently raised its position in Curtiss-Wright stock. Goldman Sachs Group Inc. raised its stake in shares of Curtiss-Wright Corporation (NYSE:CW - Free Report) by 10.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 213,101 shares of the aerospace company's stock after buying an additional 20,379 shares during the period. Goldman Sachs Group Inc. owned about 0.57% of Curtiss-Wright worth $67,611,000 as of its most recent SEC filing. 82.71% of the stock is currently owned by hedge funds and other institutional investors.

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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