Brokerages forecast that Woodward, Inc. (NASDAQ:WWD) will announce earnings per share of $0.86 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Woodward’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.82. Woodward reported earnings per share of $0.75 in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.7%. The company is expected to announce its next quarterly earnings results on Thursday, November 18th.
On average, analysts expect that Woodward will report full year earnings of $3.31 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.42. For the next fiscal year, analysts expect that the firm will post earnings of $4.13 per share, with EPS estimates ranging from $3.85 to $4.45. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Woodward.
Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Sunday, August 1st. The technology company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.23). The business had revenue of $556.68 million during the quarter, compared to analyst estimates of $617.21 million. Woodward had a return on equity of 9.86% and a net margin of 9.79%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS.
Shares of Woodward stock traded up $1.00 on Thursday, hitting $116.44. 565 shares of the company were exchanged, compared to its average volume of 279,970. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 35.18, a price-to-earnings-growth ratio of 2.71 and a beta of 1.73. The company has a 50-day moving average price of $117.71 and a 200 day moving average price of $120.64. Woodward has a 1-year low of $76.00 and a 1-year high of $130.75. The company has a quick ratio of 2.98, a current ratio of 4.24 and a debt-to-equity ratio of 0.34.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 29th. Investors of record on Monday, November 15th will be issued a dividend of $0.1625 per share. This is a boost from Woodward’s previous quarterly dividend of $0.16. This represents a $0.65 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Friday, November 12th. Woodward’s dividend payout ratio is currently 16.41%.
In other Woodward news, Director David P. Hess acquired 4,400 shares of the company’s stock in a transaction dated Wednesday, August 4th. The stock was acquired at an average cost of $113.77 per share, with a total value of $500,588.00. Following the purchase, the director now directly owns 4,400 shares in the company, valued at approximately $500,588. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Terence J. Voskuil sold 2,100 shares of the firm’s stock in a transaction that occurred on Thursday, September 2nd. The stock was sold at an average price of $22.04, for a total transaction of $46,284.00. The disclosure for this sale can be found here. Corporate insiders own 3.81% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Red Door Wealth Management LLC acquired a new position in shares of Woodward in the 2nd quarter valued at $28,000. Strategic Blueprint LLC acquired a new position in shares of Woodward during the 2nd quarter valued at $36,000. Van ECK Associates Corp acquired a new position in shares of Woodward during the 1st quarter valued at $40,000. FORA Capital LLC acquired a new position in shares of Woodward during the 1st quarter valued at $63,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Woodward during the 2nd quarter valued at $89,000. Hedge funds and other institutional investors own 79.27% of the company’s stock.
Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.
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