Woodward, Inc.Common Stock (WWD) Expected to Announce Quarterly Sales of $689.86 Million

Wall Street brokerages expect that Woodward, Inc.Common Stock (NASDAQ:WWD) will report sales of $689.86 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Woodward, Inc.Common Stock’s earnings, with the lowest sales estimate coming in at $688.00 million and the highest estimate coming in at $692.80 million. Woodward, Inc.Common Stock posted sales of $606.79 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.7%. The company is expected to issue its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Woodward, Inc.Common Stock will report full-year sales of $2.30 billion for the current fiscal year, with estimates ranging from $2.29 billion to $2.30 billion. For the next year, analysts forecast that the company will post sales of $2.68 billion per share, with estimates ranging from $2.65 billion to $2.71 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Woodward, Inc.Common Stock.

Woodward, Inc.Common Stock (NASDAQ:WWD) last released its earnings results on Monday, July 30th. The technology company reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.12. The firm had revenue of $588.00 million during the quarter, compared to analyst estimates of $578.51 million. Woodward, Inc.Common Stock had a net margin of 7.59% and a return on equity of 15.40%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS.

WWD has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Friday, June 1st. ValuEngine upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. Barrington Research reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Friday, July 13th. Zacks Investment Research upgraded shares of Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating and set a $91.00 price objective for the company in a report on Monday, July 23rd. Finally, Wood & Company reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Monday, July 30th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $80.00.

Shares of Woodward, Inc.Common Stock stock traded up $1.96 during trading on Friday, hitting $83.17. The stock had a trading volume of 202,254 shares, compared to its average volume of 148,948. The firm has a market capitalization of $4.98 billion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 1.73 and a beta of 1.26. The company has a current ratio of 2.11, a quick ratio of 1.01 and a debt-to-equity ratio of 0.83. Woodward, Inc.Common Stock has a 12 month low of $68.56 and a 12 month high of $89.30.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Tuesday, August 21st were issued a dividend of $0.142 per share. The ex-dividend date was Monday, August 20th. This represents a $0.57 dividend on an annualized basis and a yield of 0.68%. Woodward, Inc.Common Stock’s payout ratio is 18.04%.

In other Woodward, Inc.Common Stock news, Director Mary L. Petrovich sold 3,800 shares of the firm’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $79.78, for a total transaction of $303,164.00. Following the transaction, the director now owns 25,326 shares of the company’s stock, valued at approximately $2,020,508.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher Fawzy sold 6,000 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $80.55, for a total transaction of $483,300.00. Following the transaction, the vice president now directly owns 9,506 shares in the company, valued at approximately $765,708.30. The disclosure for this sale can be found here. Insiders have sold a total of 38,724 shares of company stock valued at $3,091,922 in the last quarter. 6.17% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of WWD. Wells Fargo & Company MN increased its position in Woodward, Inc.Common Stock by 11.3% during the 1st quarter. Wells Fargo & Company MN now owns 243,950 shares of the technology company’s stock valued at $17,481,000 after purchasing an additional 24,758 shares during the period. Swiss National Bank increased its position in Woodward, Inc.Common Stock by 2.2% during the 1st quarter. Swiss National Bank now owns 96,100 shares of the technology company’s stock valued at $6,887,000 after purchasing an additional 2,100 shares during the period. M&T Bank Corp increased its position in Woodward, Inc.Common Stock by 8.3% during the 1st quarter. M&T Bank Corp now owns 13,590 shares of the technology company’s stock valued at $973,000 after purchasing an additional 1,037 shares during the period. Schwab Charles Investment Management Inc. increased its position in Woodward, Inc.Common Stock by 5.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 471,874 shares of the technology company’s stock valued at $33,815,000 after purchasing an additional 24,134 shares during the period. Finally, BlackRock Inc. increased its position in Woodward, Inc.Common Stock by 2.7% during the 1st quarter. BlackRock Inc. now owns 5,740,873 shares of the technology company’s stock valued at $411,391,000 after purchasing an additional 150,529 shares during the period. 74.12% of the stock is currently owned by institutional investors and hedge funds.

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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