$740.69 Million in Sales Expected for Woodward, Inc.Common Stock (NASDAQ:WWD) This Quarter

Analysts expect Woodward, Inc.Common Stock (NASDAQ:WWD) to post sales of $740.69 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Woodward, Inc.Common Stock’s earnings, with estimates ranging from $728.90 million to $761.11 million. Woodward, Inc.Common Stock posted sales of $719.36 million in the same quarter last year, which suggests a positive year over year growth rate of 3%. The business is expected to issue its next earnings results on Wednesday, November 6th.

On average, analysts expect that Woodward, Inc.Common Stock will report full-year sales of $2.90 billion for the current year, with estimates ranging from $2.89 billion to $2.92 billion. For the next fiscal year, analysts forecast that the company will report sales of $3.06 billion, with estimates ranging from $2.98 billion to $3.17 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Woodward, Inc.Common Stock.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings results on Monday, August 5th. The technology company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.13. The company had revenue of $752.01 million for the quarter, compared to the consensus estimate of $699.59 million. Woodward, Inc.Common Stock had a net margin of 9.27% and a return on equity of 19.79%. Woodward, Inc.Common Stock’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS.

WWD has been the topic of a number of research reports. ValuEngine downgraded shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wood & Company reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Tuesday, May 7th. SunTrust Banks reiterated a “hold” rating and issued a $110.00 price target (down from $118.00) on shares of Woodward, Inc.Common Stock in a report on Friday, June 14th. Zacks Investment Research upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Friday, May 3rd. Finally, BidaskClub downgraded shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Woodward, Inc.Common Stock has a consensus rating of “Hold” and a consensus target price of $103.40.

In other news, Vice Chairman Robert F. Weber, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $106.45, for a total value of $1,064,500.00. Following the sale, the insider now directly owns 36,553 shares in the company, valued at approximately $3,891,066.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald M. Sega sold 6,700 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $112.00, for a total transaction of $750,400.00. Following the completion of the sale, the director now owns 18,975 shares in the company, valued at $2,125,200. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,277 shares of company stock worth $2,198,462. Insiders own 4.61% of the company’s stock.

Several institutional investors have recently bought and sold shares of WWD. Crossmark Global Holdings Inc. boosted its stake in shares of Woodward, Inc.Common Stock by 1.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 6,725 shares of the technology company’s stock worth $638,000 after purchasing an additional 100 shares during the period. State Treasurer State of Michigan boosted its stake in shares of Woodward, Inc.Common Stock by 0.5% during the 1st quarter. State Treasurer State of Michigan now owns 19,900 shares of the technology company’s stock worth $1,888,000 after purchasing an additional 100 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Woodward, Inc.Common Stock by 5.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 2,543 shares of the technology company’s stock worth $288,000 after purchasing an additional 126 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Woodward, Inc.Common Stock by 0.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,347 shares of the technology company’s stock worth $3,259,000 after purchasing an additional 147 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Woodward, Inc.Common Stock by 1.8% during the 1st quarter. CIBC Private Wealth Group LLC now owns 8,497 shares of the technology company’s stock worth $806,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 73.35% of the company’s stock.

NASDAQ WWD traded down $2.80 on Friday, reaching $103.13. The company had a trading volume of 196,615 shares, compared to its average volume of 437,702. The company has a quick ratio of 1.19, a current ratio of 2.02 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6.38 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34. The firm’s 50 day moving average price is $111.64 and its 200 day moving average price is $104.83. Woodward, Inc.Common Stock has a 12 month low of $68.40 and a 12 month high of $119.20.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be issued a $0.162 dividend. The ex-dividend date is Monday, August 19th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.63%. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is presently 16.88%.

Woodward, Inc.Common Stock Company Profile

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.

Featured Article: What is the Rule of 72?

Get a free copy of the Zacks research report on Woodward, Inc.Common Stock (WWD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Woodward Inc.Common Stock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward Inc.Common Stock and related companies with MarketBeat.com's FREE daily email newsletter.