Woodward, Inc.Common Stock (WWD) Expected to Post Quarterly Sales of $570.40 Million

Wall Street analysts expect Woodward, Inc.Common Stock (NASDAQ:WWD) to announce $570.40 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Woodward, Inc.Common Stock’s earnings, with the highest sales estimate coming in at $574.00 million and the lowest estimate coming in at $565.98 million. Woodward, Inc.Common Stock posted sales of $548.62 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The company is scheduled to issue its next earnings results on Monday, July 23rd.

On average, analysts expect that Woodward, Inc.Common Stock will report full year sales of $2.23 billion for the current fiscal year, with estimates ranging from $2.21 billion to $2.28 billion. For the next financial year, analysts anticipate that the business will report sales of $2.46 billion per share, with estimates ranging from $2.36 billion to $2.71 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Woodward, Inc.Common Stock.

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Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its earnings results on Monday, April 23rd. The technology company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. Woodward, Inc.Common Stock had a return on equity of 14.56% and a net margin of 7.94%. The company had revenue of $548.25 million for the quarter, compared to analysts’ expectations of $526.84 million. Woodward, Inc.Common Stock’s quarterly revenue was up 9.6% on a year-over-year basis.

A number of research firms have commented on WWD. BidaskClub raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Wood & Company reissued a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Tuesday, April 24th. Stephens set a $89.00 price target on Woodward, Inc.Common Stock and gave the company a “buy” rating in a report on Monday, March 19th. Zacks Investment Research raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Friday, April 20th. Finally, Barclays began coverage on Woodward, Inc.Common Stock in a report on Thursday, March 29th. They set an “equal weight” rating and a $81.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Woodward, Inc.Common Stock presently has a consensus rating of “Hold” and an average target price of $79.40.

In related news, insider Chad Robert Preiss sold 7,000 shares of Woodward, Inc.Common Stock stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $76.22, for a total value of $533,540.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew Freeman Taylor sold 4,000 shares of Woodward, Inc.Common Stock stock in a transaction dated Thursday, April 26th. The stock was sold at an average price of $73.25, for a total value of $293,000.00. Following the completion of the transaction, the insider now owns 8,297 shares of the company’s stock, valued at approximately $607,755.25. The disclosure for this sale can be found here. Insiders sold 95,200 shares of company stock worth $7,022,692 over the last ninety days. Insiders own 6.17% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Woodward, Inc.Common Stock by 4.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 447,740 shares of the technology company’s stock valued at $34,271,000 after buying an additional 18,530 shares during the period. SG Americas Securities LLC boosted its position in shares of Woodward, Inc.Common Stock by 617.4% during the fourth quarter. SG Americas Securities LLC now owns 12,921 shares of the technology company’s stock valued at $989,000 after buying an additional 11,120 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Woodward, Inc.Common Stock by 49.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,282 shares of the technology company’s stock valued at $251,000 after buying an additional 1,092 shares during the period. Victory Capital Management Inc. boosted its position in shares of Woodward, Inc.Common Stock by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 617,067 shares of the technology company’s stock valued at $47,230,000 after buying an additional 8,555 shares during the period. Finally, Kovack Advisors Inc. purchased a new position in shares of Woodward, Inc.Common Stock during the fourth quarter valued at approximately $260,000. Institutional investors own 72.56% of the company’s stock.

Woodward, Inc.Common Stock stock traded up $1.00 during trading on Monday, reaching $79.03. The company had a trading volume of 241,293 shares, compared to its average volume of 181,530. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.48 and a current ratio of 2.92. The stock has a market cap of $4.80 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.80 and a beta of 1.24. Woodward, Inc.Common Stock has a 52 week low of $65.76 and a 52 week high of $89.30.

The company also recently announced a quarterly dividend, which was paid on Monday, June 4th. Stockholders of record on Monday, May 21st were issued a $0.142 dividend. The ex-dividend date was Friday, May 18th. This represents a $0.57 annualized dividend and a dividend yield of 0.72%. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is 18.04%.

About Woodward, Inc.Common Stock

Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its 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 that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.

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

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