Wall Street brokerages forecast that Woodward, Inc. (NASDAQ:WWD – Get Rating) will post sales of $634.60 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Woodward’s earnings, with the highest sales estimate coming in at $674.99 million and the lowest estimate coming in at $616.59 million. Woodward posted sales of $556.68 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Woodward will report full year sales of $2.44 billion for the current year, with estimates ranging from $2.41 billion to $2.47 billion. For the next year, analysts anticipate that the company will post sales of $2.71 billion, with estimates ranging from $2.62 billion to $2.79 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Woodward.
Woodward (NASDAQ:WWD – Get Rating) last issued its earnings results on Monday, May 2nd. The technology company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.14). Woodward had a net margin of 7.85% and a return on equity of 8.53%. During the same period last year, the company earned $1.04 earnings per share.
WWD opened at $97.36 on Thursday. The business’s 50 day moving average is $112.99 and its 200-day moving average is $113.49. The stock has a market cap of $6.14 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 2.17 and a beta of 1.50. The company has a current ratio of 3.61, a quick ratio of 2.29 and a debt-to-equity ratio of 0.35. Woodward has a twelve month low of $93.20 and a twelve month high of $129.57.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 17th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Monday, May 16th. Woodward’s payout ratio is 28.04%.
In other Woodward news, CEO Charles P. Blankenship acquired 500 shares of Woodward stock in a transaction that occurred on Monday, May 9th. The stock was acquired at an average price of $98.10 per share, with a total value of $49,050.00. Following the purchase, the chief executive officer now owns 1,100 shares in the company, valued at $107,910. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel G. Korte acquired 1,896 shares of Woodward stock in a transaction that occurred on Thursday, May 5th. The stock was acquired at an average cost of $104.83 per share, with a total value of $198,757.68. Following the purchase, the director now owns 1,896 shares in the company, valued at approximately $198,757.68. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 2,796 shares of company stock worth $287,428. Corporate insiders own 3.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in WWD. FMR LLC lifted its position in Woodward 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 acquiring an additional 288,545 shares during the last quarter. Morgan Stanley lifted its position in Woodward by 11.4% during the 2nd quarter. Morgan Stanley now owns 67,126 shares of the technology company’s stock worth $8,249,000 after acquiring an additional 6,896 shares during the last quarter. Deutsche Bank AG lifted its position in Woodward by 4.1% during the 3rd quarter. Deutsche Bank AG now owns 5,058 shares of the technology company’s stock worth $573,000 after acquiring an additional 200 shares during the last quarter. Alliancebernstein L.P. lifted its position in Woodward by 4.2% during the 3rd quarter. Alliancebernstein L.P. now owns 97,415 shares of the technology company’s stock worth $11,027,000 after acquiring an additional 3,911 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Woodward by 0.9% during the 3rd quarter. California Public Employees Retirement System now owns 128,128 shares of the technology company’s stock worth $14,504,000 after acquiring an additional 1,175 shares during the last quarter. 80.05% of the stock is owned by institutional investors and hedge funds.
About Woodward (Get Rating)
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through two segments: Aerospace and Industrial. The Aerospace segment provides 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, servocontrols, motors, and sensors for aircraft.
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