Curtiss-Wright (NYSE:CW) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $7.50 to $7.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.71. The company issued revenue guidance of +4-6% (~$2.6-2.65 billion), compared to the consensus revenue estimate of $2.62 billion.Curtiss-Wright also updated its FY 2020
After-Hours guidance to 7.50-7.70 EPS.
Shares of Curtiss-Wright stock traded down $2.91 during trading on Wednesday, hitting $130.60. 263,484 shares of the company were exchanged, compared to its average volume of 188,545. The company has a quick ratio of 1.52, a current ratio of 2.19 and a debt-to-equity ratio of 0.52. Curtiss-Wright has a fifty-two week low of $108.96 and a fifty-two week high of $149.90. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 18.76 and a beta of 1.15. The firm has a 50 day moving average price of $146.41 and a 200 day moving average price of $135.83.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 26th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.68 annualized dividend and a dividend yield of 0.52%. Curtiss-Wright’s dividend payout ratio is currently 10.68%.
In other Curtiss-Wright news, CEO David Charles Adams sold 4,320 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $143.00, for a total value of $617,760.00. Following the completion of the transaction, the chief executive officer now directly owns 51,217 shares in the company, valued at approximately $7,324,031. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.
Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power.
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