Wall Street analysts expect Woodward, Inc. (NASDAQ:WWD) to announce sales of $602.81 million for the current quarter, Zacks reports. Five analysts have issued estimates for Woodward’s earnings, with the highest sales estimate coming in at $613.00 million and the lowest estimate coming in at $587.10 million. Woodward reported sales of $531.26 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.5%. The company is expected to announce its next earnings results on Thursday, November 18th.
According to Zacks, analysts expect that Woodward will report full-year sales of $2.28 billion for the current financial year, with estimates ranging from $2.26 billion to $2.29 billion. For the next financial year, analysts expect that the business will report sales of $2.57 billion, with estimates ranging from $2.51 billion to $2.62 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Woodward.
Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Sunday, August 1st. The technology company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.23). The firm had revenue of $556.68 million during the quarter, compared to analyst estimates of $617.21 million. Woodward had a net margin of 9.79% and a return on equity of 9.86%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share.
Shares of NASDAQ:WWD traded down $0.29 during mid-day trading on Tuesday, reaching $122.82. The stock had a trading volume of 221,054 shares, compared to its average volume of 268,647. The firm has a market cap of $7.81 billion, a PE ratio of 37.11, a price-to-earnings-growth ratio of 2.71 and a beta of 1.73. The firm has a 50 day simple moving average of $119.17 and a two-hundred day simple moving average of $121.16. The company has a current ratio of 4.24, a quick ratio of 2.98 and a debt-to-equity ratio of 0.34. Woodward has a twelve month low of $74.34 and a twelve month high of $130.75.
The company also recently announced a quarterly dividend, which was paid on Monday, August 30th. Investors of record on Monday, August 16th were paid a $0.162 dividend. The ex-dividend date was Friday, August 13th. This represents a $0.65 annualized dividend and a dividend yield of 0.53%. Woodward’s dividend payout ratio is presently 16.41%.
In other Woodward news, CEO Thomas A. Gendron sold 1,389 shares of the firm’s stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $119.33, for a total transaction of $165,749.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Terence J. Voskuil sold 2,100 shares of the firm’s stock in a transaction on Thursday, September 2nd. The shares were sold at an average price of $22.04, for a total value of $46,284.00. The disclosure for this sale can be found here. 3.81% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of WWD. Red Door Wealth Management LLC acquired a new position in Woodward in the second quarter valued at about $28,000. Meeder Asset Management Inc. raised its stake in Woodward by 333.8% in the first quarter. Meeder Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $34,000 after purchasing an additional 217 shares in the last quarter. Strategic Blueprint LLC acquired a new position in Woodward in the second quarter valued at about $36,000. Van ECK Associates Corp acquired a new position in Woodward in the first quarter valued at about $40,000. Finally, FORA Capital LLC acquired a new position in Woodward in the first quarter valued at about $63,000. 79.27% of the stock is owned by institutional investors.
Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.
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