Wall Street analysts forecast that Woodward, Inc.Common Stock (NASDAQ:WWD) will announce sales of $702.07 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Woodward, Inc.Common Stock’s earnings. The lowest sales estimate is $687.39 million and the highest is $725.84 million. Woodward, Inc.Common Stock posted sales of $588.12 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19.4%. The business is scheduled to issue its next earnings report on Monday, July 29th.
On average, analysts expect that Woodward, Inc.Common Stock will report full year sales of $2.87 billion for the current fiscal year, with estimates ranging from $2.83 billion to $2.90 billion. For the next year, analysts anticipate that the business will report sales of $3.05 billion, with estimates ranging from $2.97 billion to $3.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover 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, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.35. Woodward, Inc.Common Stock had a return on equity of 19.75% and a net margin of 9.21%. The business had revenue of $758.84 million during the quarter, compared to analysts’ expectations of $661.88 million. During the same period in the prior year, the business earned $0.82 EPS. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year.
A number of research analysts recently issued reports on the company. BidaskClub lowered Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. William Blair began coverage on Woodward, Inc.Common Stock in a research note on Wednesday, April 17th. They set an “outperform” rating for the company. Wood & Company restated a “hold” rating on shares of Woodward, Inc.Common Stock in a research note on Tuesday, April 30th. Barrington Research set a $110.00 target price on Woodward, Inc.Common Stock and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Finally, SunTrust Banks raised their target price on Woodward, Inc.Common Stock to $118.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $105.00.
Shares of WWD stock traded down $2.36 during mid-day trading on Thursday, hitting $108.55. The stock had a trading volume of 344,615 shares, compared to its average volume of 453,401. Woodward, Inc.Common Stock has a 12-month low of $68.40 and a 12-month high of $114.55. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 1.78 and a beta of 1.50. The company has a current ratio of 1.94, a quick ratio of 1.10 and a debt-to-equity ratio of 0.59.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be given a dividend of $0.1625 per share. The ex-dividend date is Friday, May 17th. This represents a $0.65 annualized dividend and a dividend yield of 0.60%. Woodward, Inc.Common Stock’s payout ratio is 16.88%.
In other Woodward, Inc.Common Stock news, CEO Thomas A. Gendron sold 8,500 shares of Woodward, Inc.Common Stock stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $94.55, for a total transaction of $803,675.00. Following the completion of the sale, the chief executive officer now owns 231,400 shares of the company’s stock, valued at approximately $21,878,870. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas A. Gendron sold 25,500 shares of Woodward, Inc.Common Stock stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $95.60, for a total transaction of $2,437,800.00. Following the sale, the insider now directly owns 231,400 shares of the company’s stock, valued at approximately $22,121,840. The disclosure for this sale can be found here. Insiders have sold 218,010 shares of company stock worth $21,449,620 in the last ninety days. Corporate insiders own 4.61% of the company’s stock.
Several large investors have recently modified their holdings of WWD. Private Capital Group LLC raised its holdings in Woodward, Inc.Common Stock by 437.6% in the fourth quarter. Private Capital Group LLC now owns 500 shares of the technology company’s stock worth $37,000 after purchasing an additional 407 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Woodward, Inc.Common Stock by 774.2% in the 1st quarter. Quadrant Capital Group LLC now owns 542 shares of the technology company’s stock worth $50,000 after buying an additional 480 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new position in shares of Woodward, Inc.Common Stock in the 4th quarter worth about $59,000. Rockefeller Capital Management L.P. purchased a new position in shares of Woodward, Inc.Common Stock in the 1st quarter worth about $63,000. Finally, Pearl River Capital LLC purchased a new position in shares of Woodward, Inc.Common Stock in the 1st quarter worth about $66,000. 75.44% of the stock is owned by institutional investors.
Woodward, Inc.Common Stock Company Profile
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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