Equities research analysts expect that Woodward, Inc. (NASDAQ:WWD) will report $0.90 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Woodward’s earnings, with estimates ranging from $0.87 to $0.93. Woodward reported earnings per share of $0.99 during the same quarter last year, which suggests a negative year over year growth rate of 9.1%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 13th.

According to Zacks, analysts expect that Woodward will report full year earnings of $3.09 per share for the current year, with EPS estimates ranging from $3.05 to $3.14. For the next year, analysts anticipate that the firm will report earnings of $3.50 per share, with EPS estimates ranging from $3.45 to $3.60. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Woodward.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Monday, July 24th. The technology company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.09. Woodward had a net margin of 9.67% and a return on equity of 16.12%. The company had revenue of $548.62 million during the quarter, compared to the consensus estimate of $530.89 million. During the same period last year, the firm earned $0.81 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis.

Several research analysts have recently issued reports on WWD shares. CL King started coverage on shares of Woodward in a report on Thursday, June 22nd. They issued a “buy” rating and a $79.00 price objective for the company. CIBC started coverage on shares of Woodward in a report on Friday, July 14th. They issued an “outperform” rating and a $82.00 price objective for the company. BidaskClub cut shares of Woodward from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Woodward from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Wood & Company reiterated a “buy” rating and issued a $80.00 price objective on shares of Woodward in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $73.89.

In other Woodward news, Director Paul Donovan sold 5,700 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $70.55, for a total value of $402,135.00. Following the completion of the sale, the director now owns 39,052 shares in the company, valued at approximately $2,755,118.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John A. Halbrook sold 8,700 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $70.02, for a total transaction of $609,174.00. Following the completion of the sale, the director now owns 350,521 shares of the company’s stock, valued at approximately $24,543,480.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,200 shares of company stock valued at $1,138,389. 5.93% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in Woodward in the 2nd quarter valued at $638,000. Adalta Capital Management LLC grew its position in Woodward by 8.6% in the 2nd quarter. Adalta Capital Management LLC now owns 75,595 shares of the technology company’s stock worth $5,109,000 after purchasing an additional 6,000 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Woodward by 5.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock worth $211,000 after purchasing an additional 171 shares during the last quarter. Koch Industries Inc. acquired a new stake in Woodward in the 2nd quarter worth $354,000. Finally, Verition Fund Management LLC acquired a new stake in Woodward in the 2nd quarter worth $510,000. Institutional investors and hedge funds own 71.27% of the company’s stock.

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Woodward (NASDAQ:WWD) traded up 0.91% during midday trading on Friday, hitting $70.84. 146,047 shares of the stock were exchanged. The firm’s 50-day moving average is $69.42 and its 200 day moving average is $68.67. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 22.28 and a beta of 1.21. Woodward has a 52 week low of $57.09 and a 52 week high of $72.97.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.50 annualized dividend and a dividend yield of 0.71%. Woodward’s dividend payout ratio (DPR) is presently 15.77%.

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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