Equities research analysts predict that Woodward, Inc. (NASDAQ:WWD) will report earnings per share (EPS) of $0.60 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Woodward’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.62. Woodward posted earnings per share of $0.73 during the same quarter last year, which suggests a negative year-over-year growth rate of 17.8%. The business is scheduled to announce its next earnings report on Monday, January 22nd.

According to Zacks, analysts expect that Woodward will report full year earnings of $3.44 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.62. For the next year, analysts expect that the business will report earnings of $4.07 per share, with EPS estimates ranging from $3.85 to $4.27. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Woodward.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. The firm had revenue of $606.79 million during the quarter, compared to the consensus estimate of $596.99 million. Woodward had a return on equity of 15.55% and a net margin of 9.55%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share.

WWD has been the subject of several research analyst reports. BidaskClub upgraded Woodward from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Wood & Company downgraded Woodward from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 26th. Zacks Investment Research downgraded Woodward from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. ValuEngine downgraded Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Cowen reiterated a “hold” rating and set a $62.00 target price on shares of Woodward in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Woodward presently has a consensus rating of “Hold” and an average target price of $77.71.

Woodward (WWD) opened at $76.54 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.28 and a current ratio of 2.39. Woodward has a one year low of $65.22 and a one year high of $82.94. The company has a market capitalization of $4,561.65, a P/E ratio of 23.57, a PEG ratio of 1.82 and a beta of 1.23.

The company also recently declared a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, November 10th. This represents a $0.50 annualized dividend and a yield of 0.65%. Woodward’s payout ratio is currently 15.82%.

In related news, Director Mary L. Petrovich sold 5,700 shares of Woodward stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $79.69, for a total transaction of $454,233.00. Following the completion of the sale, the director now directly owns 27,904 shares of the company’s stock, valued at approximately $2,223,669.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 5.93% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its holdings in Woodward by 9.8% during the 2nd quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock worth $112,000 after purchasing an additional 147 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Woodward by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock worth $148,000 after purchasing an additional 190 shares during the last quarter. Wesbanco Bank Inc. acquired a new stake in Woodward during the 3rd quarter worth approximately $203,000. Public Employees Retirement System of Ohio lifted its holdings in Woodward by 5.8% during 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. Finally, CAPROCK Group Inc. acquired a new stake in Woodward during the 3rd quarter worth approximately $222,000. 72.19% of the stock is owned by institutional investors and hedge funds.

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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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