Equities research analysts forecast that Woodward, Inc.Common Stock (NASDAQ:WWD) will post $1.15 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Woodward, Inc.Common Stock’s earnings, with the highest EPS estimate coming in at $1.17 and the lowest estimate coming in at $1.11. Woodward, Inc.Common Stock posted earnings per share of $1.12 in the same quarter last year, which would suggest a positive year over year growth rate of 2.7%. The company is expected to announce its next quarterly earnings report on Monday, July 29th.
According to Zacks, analysts expect that Woodward, Inc.Common Stock will report full-year earnings of $4.67 per share for the current year, with EPS estimates ranging from $4.37 to $4.80. For the next year, analysts anticipate that the firm will report earnings of $5.43 per share, with EPS estimates ranging from $5.25 to $5.61. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Woodward, Inc.Common Stock.
Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its earnings results on Monday, April 29th. The technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.35. The company had revenue of $758.84 million for the quarter, compared to the consensus estimate of $661.88 million. Woodward, Inc.Common Stock had a return on equity of 19.75% and a net margin of 9.21%. The firm’s quarterly revenue was up 38.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS.
Several analysts have recently commented on WWD shares. Barrington Research restated an “outperform” rating and set a $110.00 target price (up previously from $96.00) on shares of Woodward, Inc.Common Stock in a report on Tuesday, April 2nd. Zacks Investment Research upgraded Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Friday, May 3rd. SunTrust Banks reiterated a “hold” rating and issued a $110.00 price objective (down previously from $118.00) on shares of Woodward, Inc.Common Stock in a report on Friday, June 14th. BidaskClub upgraded Woodward, Inc.Common Stock from a “buy” rating to a “strong-buy” rating in a report on Friday, May 3rd. Finally, ValuEngine downgraded Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Woodward, Inc.Common Stock has an average rating of “Buy” and an average price target of $103.40.
In other Woodward, Inc.Common Stock news, Director Ronald M. Sega sold 6,700 shares of Woodward, Inc.Common Stock stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $112.00, for a total transaction of $750,400.00. Following the sale, the director now directly owns 18,975 shares of the company’s stock, valued at approximately $2,125,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chad Robert Preiss sold 14,000 shares of Woodward, Inc.Common Stock stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $106.79, for a total value of $1,495,060.00. Following the sale, the insider now directly owns 31,127 shares in the company, valued at $3,324,052.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,700 shares of company stock worth $8,126,475. 4.61% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in Woodward, Inc.Common Stock during the 4th quarter worth approximately $40,686,000. FMR LLC increased its stake in Woodward, Inc.Common Stock by 114.4% during the 1st quarter. FMR LLC now owns 540,692 shares of the technology company’s stock worth $51,306,000 after buying an additional 288,545 shares during the period. Pennsylvania Trust Co increased its stake in Woodward, Inc.Common Stock by 2,358.1% during the 1st quarter. Pennsylvania Trust Co now owns 291,085 shares of the technology company’s stock worth $24,281,000 after buying an additional 279,243 shares during the period. OppenheimerFunds Inc. increased its stake in Woodward, Inc.Common Stock by 3,818.0% during the 1st quarter. OppenheimerFunds Inc. now owns 278,804 shares of the technology company’s stock worth $26,455,000 after buying an additional 271,688 shares during the period. Finally, BlackRock Inc. increased its stake in Woodward, Inc.Common Stock by 3.8% during the 1st quarter. BlackRock Inc. now owns 6,449,780 shares of the technology company’s stock worth $612,019,000 after buying an additional 237,595 shares during the period. 74.49% of the stock is currently owned by institutional investors and hedge funds.
Shares of WWD traded up $0.08 during mid-day trading on Friday, hitting $113.16. The company’s stock had a trading volume of 6,099,633 shares, compared to its average volume of 425,437. Woodward, Inc.Common Stock has a one year low of $68.40 and a one year high of $116.46. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.94 and a quick ratio of 1.10. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.88 and a beta of 1.41. The business has a 50-day moving average of $111.41.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were issued a dividend of $0.1625 per share. The ex-dividend date was Friday, May 17th. This represents a $0.65 dividend on an annualized basis and a yield of 0.57%. Woodward, Inc.Common Stock’s dividend payout ratio is presently 16.88%.
About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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