Woodward Inc (WWD) to Post Q3 2019 Earnings of $1.13 Per Share, Barrington Research Forecasts
Woodward Inc (NASDAQ:WWD) – Stock analysts at Barrington Research issued their Q3 2019 earnings estimates for Woodward in a research report issued on Tuesday. Barrington Research analyst M. Gall forecasts that the technology company will post earnings per share of $1.13 for the quarter. Barrington Research has a “Market Perform” rating on the stock.
Woodward (NASDAQ:WWD) last released its earnings results on Monday, January 22nd. The technology company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.11). Woodward had a net margin of 8.10% and a return on equity of 14.04%. The business had revenue of $470.14 million during the quarter, compared to analyst estimates of $472.14 million. During the same period last year, the business posted $0.73 EPS. Woodward’s revenue was up 6.2% compared to the same quarter last year.
Woodward (NASDAQ WWD) traded down $11.31 during trading on Thursday, reaching $71.62. The company’s stock had a trading volume of 3,028,705 shares, compared to its average volume of 984,654. Woodward has a 12 month low of $65.22 and a 12 month high of $89.30. The company has a current ratio of 2.77, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4,728.40, a P/E ratio of 26.66, a P/E/G ratio of 1.88 and a beta of 1.23.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.1425 per share. This represents a $0.57 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, February 16th. This is an increase from Woodward’s previous quarterly dividend of $0.13. Woodward’s payout ratio is 18.38%.
In other news, Director Mary L. Petrovich sold 5,700 shares of Woodward stock in a transaction 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 transaction, the director now owns 27,904 shares of the company’s stock, valued at approximately $2,223,669.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.17% of the company’s stock.
A number of hedge funds have recently made changes to their positions in WWD. Thrivent Financial For Lutherans raised its stake in Woodward by 7.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,170 shares of the technology company’s stock valued at $755,000 after purchasing an additional 780 shares during the last quarter. New York State Common Retirement Fund raised its stake in Woodward by 0.9% in the 2nd quarter. New York State Common Retirement Fund now owns 87,901 shares of the technology company’s stock valued at $5,940,000 after purchasing an additional 799 shares during the last quarter. Advisor Group Inc. raised its stake in Woodward by 9.8% in the 2nd quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after purchasing an additional 147 shares during the last quarter. Flinton Capital Management LLC raised its stake in Woodward by 57.1% in the 2nd quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock valued at $328,000 after purchasing an additional 1,768 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Woodward by 165.7% in the 2nd quarter. Macquarie Group Ltd. now owns 76,130 shares of the technology company’s stock valued at $5,145,000 after purchasing an additional 47,474 shares during the last quarter. 72.61% of the stock is owned by hedge funds and other institutional investors.
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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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