Brokerages expect Woodward Inc (NASDAQ:WWD) to announce earnings per share (EPS) of $0.80 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Woodward’s earnings. The lowest EPS estimate is $0.76 and the highest is $0.83. Woodward posted earnings per share of $0.60 in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The company is scheduled to announce its next quarterly earnings report on Wednesday, April 18th.
According to Zacks, analysts expect that Woodward will report full-year earnings of $3.40 per share for the current financial year, with EPS estimates ranging from $3.35 to $3.46. For the next year, analysts forecast that the firm will post earnings of $4.22 per share, with EPS estimates ranging from $4.06 to $4.53. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Woodward.
Woodward (NASDAQ:WWD) last released its earnings results on Monday, January 22nd. The technology company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.11). The firm had revenue of $470.14 million during the quarter, compared to analysts’ expectations of $472.14 million. Woodward had a return on equity of 14.04% and a net margin of 8.10%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 earnings per share.
Several research analysts have weighed in on the company. Wood & Company downgraded Woodward from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Woodward from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Saturday, January 13th. BidaskClub downgraded Woodward from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Barrington Research assumed coverage on Woodward in a research note on Tuesday, January 23rd. They issued a “market perform” rating for the company. Finally, ValuEngine downgraded Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $79.25.
Woodward (NASDAQ:WWD) traded up $1.05 during trading on Monday, reaching $73.92. 730,800 shares of the company traded hands, compared to its average volume of 975,273. The stock has a market cap of $4,529.26, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.81 and a beta of 1.23. Woodward has a one year low of $65.22 and a one year high of $89.30. The company has a quick ratio of 1.35, a current ratio of 2.77 and a debt-to-equity ratio of 0.42.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th will be paid a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 0.77%. This is an increase from Woodward’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, February 16th. Woodward’s dividend payout ratio is presently 18.38%.
A number of hedge funds have recently bought and sold shares of WWD. BlackRock Inc. boosted its position in shares of Woodward by 1.6% during the 4th quarter. BlackRock Inc. now owns 5,590,344 shares of the technology company’s stock valued at $427,887,000 after acquiring an additional 89,964 shares during the last quarter. State Street Corp boosted its position in shares of Woodward by 1.2% during the 2nd quarter. State Street Corp now owns 1,767,393 shares of the technology company’s stock valued at $119,435,000 after acquiring an additional 20,651 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Woodward by 12.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,122,239 shares of the technology company’s stock valued at $88,623,000 after acquiring an additional 125,423 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Woodward by 6.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 833,035 shares of the technology company’s stock valued at $64,652,000 after acquiring an additional 50,208 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of Woodward by 4.2% during the 4th quarter. Brown Advisory Inc. now owns 821,733 shares of the technology company’s stock valued at $62,896,000 after acquiring an additional 32,835 shares during the last quarter. Institutional investors and hedge funds own 71.29% of the company’s stock.
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Woodward Company Profile
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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