Equities analysts expect Woodward Inc (NASDAQ:WWD) to announce earnings of $0.59 per share 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 $0.60. Woodward posted earnings of $0.73 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 19.2%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, January 22nd.

According to Zacks, analysts expect that Woodward will report full-year earnings of $3.39 per share for the current year, with EPS estimates ranging from $3.30 to $3.46. For the next fiscal year, analysts forecast that the firm will post earnings of $4.04 per share, with EPS estimates ranging from $3.85 to $4.27. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Woodward.

Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.93 by $0.05. The firm had revenue of $606.79 million during the quarter, compared to analyst estimates of $596.99 million. Woodward had a net margin of 9.55% and a return on equity of 15.55%. Woodward’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.99 EPS.

A number of research analysts have issued reports on WWD shares. BidaskClub lowered shares of Woodward from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of Woodward from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Saturday. Cowen restated a “hold” rating and set a $62.00 price target on shares of Woodward in a research note on Sunday, December 10th. ValuEngine lowered shares of Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, SunTrust Banks upped their price target on shares of Woodward to $77.00 and gave the company a “hold” rating in a research note on Thursday, November 9th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $79.25.

In other news, Director Mary L. Petrovich sold 5,700 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $79.69, for a total value of $454,233.00. Following the sale, the director now owns 27,904 shares in the company, valued at $2,223,669.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.17% of the company’s stock.

Several large investors have recently added to or reduced their stakes in WWD. State Street Corp boosted its holdings in Woodward by 1.2% during the second quarter. State Street Corp now owns 1,767,393 shares of the technology company’s stock worth $119,435,000 after buying an additional 20,651 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in Woodward by 12.6% during the third quarter. Eagle Asset Management Inc. now owns 1,122,239 shares of the technology company’s stock worth $88,623,000 after buying an additional 125,423 shares in the last quarter. Northern Trust Corp boosted its holdings in Woodward by 1.2% during the second quarter. Northern Trust Corp now owns 1,093,582 shares of the technology company’s stock worth $73,904,000 after buying an additional 13,494 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Woodward by 6.4% during the third quarter. Bank of New York Mellon Corp now owns 833,035 shares of the technology company’s stock worth $64,652,000 after buying an additional 50,208 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Woodward by 6.3% during the third quarter. Brown Advisory Inc. now owns 788,898 shares of the technology company’s stock worth $61,226,000 after buying an additional 46,424 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Shares of Woodward (NASDAQ WWD) traded down $2.62 during trading on Tuesday, reaching $80.79. 327,550 shares of the company’s stock were exchanged, compared to its average volume of 382,310. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.39 and a quick ratio of 1.28. Woodward has a twelve month low of $65.22 and a twelve month high of $84.23. The firm has a market cap of $5,030.00, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 2.02 and a beta of 1.24.

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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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