We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why You Must Add Curtiss-Wright Stock to Your Portfolio Now
Read MoreHide Full Article
Curtiss-Wright Corp. (CW - Free Report) offers a great investment opportunity in the Zacks Aerospace Defense Equipment industry, with rising earnings estimates, robust ROE, strong liquidity, low debt position and strong dividend history.
Let us focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.
Growth Projections & Surprise History of CW
The Zacks Consensus Estimate for CW’s 2024 earnings per share has increased 1.4% to $10.71 per share over the past 60 days. The Zacks Consensus Estimate for its 2024 revenues is pegged at $3.08 billion, which implies a rise of 8.3% from the 2023 reported figure.
The company delivered an average earnings surprise of 12.78% in the last four quarters.
Curtiss-Wright’s ROE
Return on equity (ROE) indicates how efficiently a company utilizes funds to generate higher returns. Currently, CW’s ROE is 17.21%, higher than the industry average of 11.02%. This indicates that the company has been utilizing funds more constructively than its peers in the aerospace defense equipment industry.
CW’s Debt Position
Currently, Curtiss-Wright’s total debt to capital is 29.64%, better than the industry’s average of 55.52%.
CW’s times interest earned ratio (TIE) at the end of the third quarter of 2024 was 12.9. The TIE ratio of more than 1 indicates that the company will be able to meet its interest payment obligations in the near term without any problems.
CW’s Liquidity
Curtiss-Wright’s current ratio at the end of the third quarter was 1.98, higher than the industry average of 1.38. The ratio, being greater than one, indicates Curtiss-Wright’s ability to meet its short-term liabilities without difficulties.
Dividend History of Curtiss-Wright
CW has been increasing its shareholder value through regular dividend payments. Curtiss-Wright’s current annual dividend is 84 cents. The company’s dividend yield is 0.23%, better than the industry's average of 0.17%.
CW Stock Price Performance
In the past six months, Curtiss-Wright’s stock has rallied 33.8% compared with the industry’s growth of 15.5%.
HEICO’s long-term (three to five years) earnings growth rate is 19.4%. The Zacks Consensus Estimate for HEI’s total revenues for fiscal 2024 stands at $3.89 billion, which indicates year-over-year growth of 31.1%.
BAE Systems’ long-term earnings growth rate is 12.4%. The Zacks Consensus Estimate for BAESY’s total revenues for 2024 stands at $36.22 billion, which indicates growth of 37.7% from the 2023 reported figure.
Leonardo DRS’ long-term earnings growth rate is 18%. The Zacks Consensus Estimate for DRS’s 2024 total revenues is pegged at $3.20 billion, which indicates year-over-year growth of 13.2%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why You Must Add Curtiss-Wright Stock to Your Portfolio Now
Curtiss-Wright Corp. (CW - Free Report) offers a great investment opportunity in the Zacks Aerospace Defense Equipment industry, with rising earnings estimates, robust ROE, strong liquidity, low debt position and strong dividend history.
Let us focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.
Growth Projections & Surprise History of CW
The Zacks Consensus Estimate for CW’s 2024 earnings per share has increased 1.4% to $10.71 per share over the past 60 days. The Zacks Consensus Estimate for its 2024 revenues is pegged at $3.08 billion, which implies a rise of 8.3% from the 2023 reported figure.
The company delivered an average earnings surprise of 12.78% in the last four quarters.
Curtiss-Wright’s ROE
Return on equity (ROE) indicates how efficiently a company utilizes funds to generate higher returns. Currently, CW’s ROE is 17.21%, higher than the industry average of 11.02%. This indicates that the company has been utilizing funds more constructively than its peers in the aerospace defense equipment industry.
CW’s Debt Position
Currently, Curtiss-Wright’s total debt to capital is 29.64%, better than the industry’s average of 55.52%.
CW’s times interest earned ratio (TIE) at the end of the third quarter of 2024 was 12.9. The TIE ratio of more than 1 indicates that the company will be able to meet its interest payment obligations in the near term without any problems.
CW’s Liquidity
Curtiss-Wright’s current ratio at the end of the third quarter was 1.98, higher than the industry average of 1.38. The ratio, being greater than one, indicates Curtiss-Wright’s ability to meet its short-term liabilities without difficulties.
Dividend History of Curtiss-Wright
CW has been increasing its shareholder value through regular dividend payments. Curtiss-Wright’s current annual dividend is 84 cents. The company’s dividend yield is 0.23%, better than the industry's average of 0.17%.
CW Stock Price Performance
In the past six months, Curtiss-Wright’s stock has rallied 33.8% compared with the industry’s growth of 15.5%.
Image Source: Zacks Investment Research
Other Stocks to Consider
A few other top-ranked stocks from the same industry are HEICO Corporation (HEI - Free Report) , BAE Systems (BAESY - Free Report) and Leonardo DRS, Inc. (DRS - Free Report) , each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
HEICO’s long-term (three to five years) earnings growth rate is 19.4%. The Zacks Consensus Estimate for HEI’s total revenues for fiscal 2024 stands at $3.89 billion, which indicates year-over-year growth of 31.1%.
BAE Systems’ long-term earnings growth rate is 12.4%. The Zacks Consensus Estimate for BAESY’s total revenues for 2024 stands at $36.22 billion, which indicates growth of 37.7% from the 2023 reported figure.
Leonardo DRS’ long-term earnings growth rate is 18%. The Zacks Consensus Estimate for DRS’s 2024 total revenues is pegged at $3.20 billion, which indicates year-over-year growth of 13.2%.