Curtiss-Wright Corp. (NYSE:CW) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.75-2.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.84, Analyst Ratings News reports. The company issued revenue guidance of $2.48-2.52 billion, compared to the consensus revenue estimate of $2.51 billion.Curtiss-Wright Corp. also updated its FY14 guidance to $3.20-3.35 EPS.
A number of research firms have recently commented on CW. Analysts at Ascendiant Capital Markets downgraded shares of Curtiss-Wright Corp. from a buy rating to a neutral rating in a research note to investors on Thursday, October 31st. They now have a $50.00 price target on the stock. Analysts at Deutsche Bank raised their price target on shares of Curtiss-Wright Corp. from $45.00 to $46.00 in a research note to investors on Wednesday, October 9th. They now have a hold rating on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $45.67.
Shares of Curtiss-Wright Corp. (NYSE:CW) opened at 53.32 on Thursday. Curtiss-Wright Corp. has a one year low of $30.64 and a one year high of $53.41. The stock’s 50-day moving average is $51.27 and its 200-day moving average is $44.25. The company has a market cap of $2.526 billion and a P/E ratio of 19.32.
Curtiss-Wright Corp. (NYSE:CW) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.76 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.77 by $0.01. The company had revenue of $600.70 million for the quarter, compared to the consensus estimate of $606.11 million. During the same quarter last year, the company posted $0.24 earnings per share. Curtiss-Wright Corp.’s revenue was up 25.4% compared to the same quarter last year. Analysts expect that Curtiss-Wright Corp. will post $2.84 EPS for the current fiscal year.
Curtiss-Wright Corporation is a diversified, multinational provider of engineered, technologically advanced products and services.
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