Brokerages Expect Woodward, Inc.Common Stock (WWD) Will Post Quarterly Sales of $661.79 Million

Equities research analysts expect that Woodward, Inc.Common Stock (NASDAQ:WWD) will report sales of $661.79 million for the current quarter, Zacks reports. Five analysts have provided estimates for Woodward, Inc.Common Stock’s earnings, with estimates ranging from $649.10 million to $672.40 million. Woodward, Inc.Common Stock reported sales of $548.25 million in the same quarter last year, which indicates a positive year over year growth rate of 20.7%. The business is expected to announce its next earnings results after the market closes on Monday, April 29th.

On average, analysts expect that Woodward, Inc.Common Stock will report full year sales of $2.74 billion for the current year, with estimates ranging from $2.72 billion to $2.77 billion. For the next financial year, analysts forecast that the firm will report sales of $2.93 billion, with estimates ranging from $2.86 billion to $2.97 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Woodward, Inc.Common Stock.

Woodward, Inc.Common Stock (NASDAQ:WWD) last issued its earnings results on Monday, January 28th. The technology company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.22. Woodward, Inc.Common Stock had a return on equity of 18.03% and a net margin of 8.42%. The business had revenue of $652.80 million during the quarter, compared to the consensus estimate of $583.12 million. During the same period last year, the company earned $0.53 EPS. The company’s revenue for the quarter was up 38.9% on a year-over-year basis.

A number of analysts have issued reports on WWD shares. William Blair began coverage on Woodward, Inc.Common Stock in a research note on Wednesday, April 17th. They issued an “outperform” rating for the company. ValuEngine raised Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a research report on Tuesday. Barrington Research reissued an “outperform” rating and set a $110.00 price objective (up from $96.00) on shares of Woodward, Inc.Common Stock in a research report on Tuesday, April 2nd. SunTrust Banks raised their price objective on Woodward, Inc.Common Stock to $97.00 and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Finally, Zacks Investment Research downgraded Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $99.40.

Shares of WWD opened at $101.03 on Tuesday. Woodward, Inc.Common Stock has a 52-week low of $68.40 and a 52-week high of $105.21. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 1.74 and a beta of 1.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.96 and a quick ratio of 1.05.

In related news, insider Thomas A. Gendron sold 13,000 shares of the firm’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $87.60, for a total transaction of $1,138,800.00. Following the completion of the transaction, the insider now directly owns 227,390 shares in the company, valued at approximately $19,919,364. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas A. Gendron sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. Following the transaction, the chief executive officer now owns 227,390 shares of the company’s stock, valued at $19,328,150. The disclosure for this sale can be found here. Insiders have sold a total of 278,310 shares of company stock valued at $25,887,325 over the last three months. Corporate insiders own 4.61% of the company’s stock.

A number of institutional investors have recently made changes to their positions in WWD. CAPROCK Group Inc. lifted its holdings in Woodward, Inc.Common Stock by 6.3% during the 4th quarter. CAPROCK Group Inc. now owns 3,177 shares of the technology company’s stock worth $236,000 after buying an additional 188 shares during the last quarter. Whittier Trust Co. raised its position in shares of Woodward, Inc.Common Stock by 4.4% during the 4th quarter. Whittier Trust Co. now owns 4,696 shares of the technology company’s stock worth $349,000 after purchasing an additional 196 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Woodward, Inc.Common Stock by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the technology company’s stock worth $1,423,000 after purchasing an additional 200 shares during the period. First Allied Advisory Services Inc. raised its position in shares of Woodward, Inc.Common Stock by 6.8% during the 4th quarter. First Allied Advisory Services Inc. now owns 3,841 shares of the technology company’s stock worth $282,000 after purchasing an additional 245 shares during the period. Finally, Mastrapasqua Asset Management Inc. raised its position in shares of Woodward, Inc.Common Stock by 1.5% during the 4th quarter. Mastrapasqua Asset Management Inc. now owns 17,385 shares of the technology company’s stock worth $1,292,000 after purchasing an additional 250 shares during the period. Institutional investors own 75.41% of the company’s stock.

About Woodward, Inc.Common Stock

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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Earnings History and Estimates for Woodward, Inc.Common Stock (NASDAQ:WWD)

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