Brokerages Anticipate Woodward, Inc.Common Stock (NASDAQ:WWD) to Announce $1.15 Earnings Per Share

Wall Street analysts expect that Woodward, Inc.Common Stock (NASDAQ:WWD) will report $1.15 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Woodward, Inc.Common Stock’s earnings. The highest EPS estimate is $1.17 and the lowest is $1.11. Woodward, Inc.Common Stock reported earnings per share of $1.12 in the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The company is scheduled to announce its next earnings results on Monday, July 29th.

On average, analysts expect that Woodward, Inc.Common Stock will report full year earnings of $4.74 per share for the current fiscal year, with EPS estimates ranging from $4.65 to $4.80. For the next year, analysts forecast 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 an average based on a survey of research analysts that that provide coverage for Woodward, Inc.Common Stock.

Woodward, Inc.Common Stock (NASDAQ:WWD) last released its quarterly earnings results on Monday, April 29th. The technology company reported $1.40 EPS 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 firm had revenue of $758.84 million during the quarter, compared to analyst estimates of $661.88 million. During the same period in the previous year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year.

Several brokerages recently issued reports on WWD. Barrington Research reaffirmed an “outperform” rating and set a $110.00 target price (up from $96.00) on shares of Woodward, Inc.Common Stock in a research report on Tuesday, April 2nd. Zacks Investment Research raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Friday, May 3rd. BidaskClub raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. SunTrust Banks upped their target price on Woodward, Inc.Common Stock to $118.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Finally, ValuEngine lowered Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $105.00.

Shares of NASDAQ:WWD opened at $113.60 on Thursday. Woodward, Inc.Common Stock has a 1 year low of $68.40 and a 1 year high of $115.75. The stock has a market cap of $7.10 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 1.87 and a beta of 1.41. 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 firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were given a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, May 17th. Woodward, Inc.Common Stock’s dividend payout ratio is currently 16.88%.

In other Woodward, Inc.Common Stock news, insider Thomas A. Gendron sold 17,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $92.82, for a total transaction of $1,577,940.00. Following the sale, the insider now owns 234,890 shares in the company, valued at approximately $21,802,489.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas A. Gendron sold 24,010 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $94.48, for a total value of $2,268,464.80. Following the sale, the insider now owns 234,890 shares in the company, valued at approximately $22,192,407.20. The disclosure for this sale can be found here. Insiders have sold a total of 115,710 shares of company stock worth $11,972,880 over the last ninety days. 4.61% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC grew its stake in Woodward, Inc.Common Stock by 774.2% during the 1st quarter. Quadrant Capital Group LLC now owns 542 shares of the technology company’s stock valued at $50,000 after purchasing an additional 480 shares during the last quarter. SeaBridge Investment Advisors LLC purchased a new stake in Woodward, Inc.Common Stock during the 4th quarter valued at about $59,000. Rockefeller Capital Management L.P. purchased a new stake in Woodward, Inc.Common Stock during the 1st quarter valued at about $63,000. Pearl River Capital LLC purchased a new stake in Woodward, Inc.Common Stock during the 1st quarter valued at about $66,000. Finally, Fort L.P. purchased a new stake in Woodward, Inc.Common Stock during the 1st quarter valued at about $74,000. Institutional investors and hedge funds own 74.50% of the company’s stock.

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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Earnings History and Estimates for Woodward, Inc.Common Stock (NASDAQ:WWD)

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