Equities Analysts Offer Predictions for Woodward Inc’s FY2018 Earnings (WWD)

Woodward Inc (NASDAQ:WWD) – Analysts at Barrington Research issued their FY2018 EPS estimates for Woodward in a research report issued on Wednesday. Barrington Research analyst R. Hokanson anticipates that the technology company will post earnings of $3.37 per share for the year.

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

WWD has been the subject of a number of other research reports. Zacks Investment Research raised Woodward from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Saturday, January 13th. BidaskClub raised Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Cowen reissued a “hold” rating and issued a $62.00 price objective on shares of Woodward in a research report on Sunday, December 10th. ValuEngine cut Woodward from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, SunTrust Banks lifted their price target on Woodward to $77.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $79.25.

Shares of Woodward (NASDAQ WWD) traded down $0.82 during trading hours on Friday, hitting $79.33. The stock had a trading volume of 252,500 shares, compared to its average volume of 363,950. Woodward has a twelve month low of $65.22 and a twelve month high of $84.23. The stock has a market cap of $4,909.30, a P/E ratio of 25.10, a PEG ratio of 1.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.39 and a quick ratio of 1.28.

In related news, Director Mary L. Petrovich sold 5,700 shares of Woodward stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $79.69, for a total value of $454,233.00. Following the completion of the transaction, the director now owns 27,904 shares in the company, valued at approximately $2,223,669.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 6.17% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. increased its stake 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 buying an additional 147 shares in the last quarter. Wesbanco Bank Inc. purchased a new stake in Woodward during the 3rd quarter worth approximately $203,000. Public Employees Retirement System of Ohio increased its stake 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 buying an additional 171 shares in the last quarter. McCollum Christoferson Group LLC purchased a new stake in Woodward during the 4th quarter worth approximately $214,000. Finally, CAPROCK Group Inc. purchased a new stake in Woodward during the 3rd quarter worth approximately $222,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

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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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