Equities analysts predict that Woodward, Inc. (NASDAQ:WWD) will announce sales of $533.16 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Woodward’s earnings, with estimates ranging from $527.57 million to $536.60 million. Woodward posted sales of $507.66 million in the same quarter last year, which would indicate a positive year over year growth rate of 5%. The company is expected to issue its next earnings report after the market closes on Monday, July 24th.

On average, analysts expect that Woodward will report full-year sales of $533.16 million for the current financial year, with estimates ranging from $2.07 billion to $2.11 billion. For the next financial year, analysts expect that the business will report sales of $2.23 billion per share, with estimates ranging from $2.18 billion to $2.27 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Woodward.

Woodward (NASDAQ:WWD) last announced its quarterly earnings data on Wednesday, April 19th. The technology company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.06. The firm had revenue of $500.40 million for the quarter, compared to analysts’ expectations of $498.56 million. Woodward had a net margin of 9.74% and a return on equity of 16.41%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share.

WWD has been the subject of several research analyst reports. Stephens initiated coverage on Woodward in a research note on Thursday, April 13th. They set an “overweight” rating and a $82.00 target price for the company. Cowen and Company reiterated a “market perform” rating and set a $62.00 price target (up from $58.00) on shares of Woodward in a report on Friday, April 21st. Zacks Investment Research upgraded Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. BidaskClub lowered Woodward from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, CL King assumed coverage on Woodward in a research note on Thursday, June 22nd. They set a “buy” rating and a $79.00 target price on the stock. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Woodward currently has an average rating of “Hold” and a consensus target price of $74.11.

Woodward (NASDAQ WWD) traded up 3.08% during trading on Friday, reaching $69.56. 283,039 shares of the company’s stock traded hands. The company has a 50 day moving average of $68.38 and a 200 day moving average of $68.82. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 22.21 and a beta of 1.20. Woodward has a one year low of $56.00 and a one year high of $72.28.

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In related news, CFO Robert F. Weber, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $66.49, for a total transaction of $498,675.00. Following the transaction, the chief financial officer now owns 34,053 shares in the company, valued at approximately $2,264,183.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary L. Petrovich purchased 7,300 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The shares were purchased at an average price of $68.35 per share, for a total transaction of $498,955.00. Following the purchase, the director now directly owns 22,204 shares in the company, valued at $1,517,643.40. The disclosure for this purchase can be found here. 5.93% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in Woodward during the fourth quarter worth about $204,000. Sawgrass Asset Management LLC bought a new position in shares of Woodward during the first quarter valued at $206,000. PNC Financial Services Group Inc. increased its position in shares of Woodward by 66.2% in the first quarter. PNC Financial Services Group Inc. now owns 3,178 shares of the technology company’s stock valued at $217,000 after buying an additional 1,266 shares during the period. Highbridge Capital Management LLC bought a new position in shares of Woodward during the fourth quarter valued at $224,000. Finally, HighTower Advisors LLC bought a new position in shares of Woodward during the first quarter valued at $234,000. Hedge funds and other institutional investors own 70.34% of the company’s stock.

About Woodward

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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