Analysts Anticipate Woodward, Inc.Common Stock (WWD) Will Post Quarterly Sales of $581.38 Million
Wall Street brokerages expect Woodward, Inc.Common Stock (NASDAQ:WWD) to report $581.38 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Woodward, Inc.Common Stock’s earnings, with estimates ranging from $573.53 million to $597.70 million. Woodward, Inc.Common Stock posted sales of $470.15 million in the same quarter last year, which suggests a positive year-over-year growth rate of 23.7%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 28th.
On average, analysts expect that Woodward, Inc.Common Stock will report full year sales of $2.74 billion for the current fiscal year, with estimates ranging from $2.72 billion to $2.80 billion. For the next financial year, analysts forecast that the company will post sales of $2.92 billion, with estimates ranging from $2.90 billion to $2.93 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Woodward, Inc.Common Stock.
Woodward, Inc.Common Stock (NASDAQ:WWD) last posted its earnings results on Wednesday, November 7th. The technology company reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.08. The company had revenue of $719.40 million during the quarter, compared to analyst estimates of $689.01 million. Woodward, Inc.Common Stock had a net margin of 7.76% and a return on equity of 16.80%. Woodward, Inc.Common Stock’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share.
Shares of Woodward, Inc.Common Stock stock traded up $1.35 during trading on Wednesday, reaching $80.90. 108,146 shares of the stock were exchanged, compared to its average volume of 352,628. The company has a current ratio of 1.89, a quick ratio of 0.96 and a debt-to-equity ratio of 0.71. The firm has a market cap of $4.91 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.47 and a beta of 1.32. Woodward, Inc.Common Stock has a 1 year low of $68.56 and a 1 year high of $89.30.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th will be issued a $0.1425 dividend. The ex-dividend date of this dividend is Friday, November 9th. This is a positive change from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 0.70%. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is 14.81%.
In other Woodward, Inc.Common Stock news, CEO Thomas A. Gendron sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $80.87, for a total value of $80,870.00. Following the completion of the sale, the chief executive officer now directly owns 227,390 shares in the company, valued at $18,389,029.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary L. Petrovich sold 3,800 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $79.78, for a total transaction of $303,164.00. Following the completion of the sale, the director now owns 25,326 shares of the company’s stock, valued at $2,020,508.28. The disclosure for this sale can be found here. Insiders sold 18,800 shares of company stock valued at $1,515,754 over the last 90 days. 6.17% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in shares of Woodward, Inc.Common Stock by 2.4% during the first quarter. Principal Financial Group Inc. now owns 241,831 shares of the technology company’s stock valued at $17,329,000 after purchasing an additional 5,609 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Woodward, Inc.Common Stock by 11.6% during the second quarter. Voya Investment Management LLC now owns 918,121 shares of the technology company’s stock valued at $70,566,000 after acquiring an additional 95,756 shares in the last quarter. BlackRock Inc. increased its position in shares of Woodward, Inc.Common Stock by 4.1% during the second quarter. BlackRock Inc. now owns 5,977,566 shares of the technology company’s stock valued at $459,435,000 after acquiring an additional 236,693 shares in the last quarter. Adalta Capital Management LLC increased its position in shares of Woodward, Inc.Common Stock by 2.1% during the second quarter. Adalta Capital Management LLC now owns 77,425 shares of the technology company’s stock valued at $5,951,000 after acquiring an additional 1,600 shares in the last quarter. Finally, GWM Advisors LLC bought a new stake in shares of Woodward, Inc.Common Stock during the third quarter valued at approximately $1,584,000. 73.22% of the stock is owned by institutional investors and hedge funds.
About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its Aerospace segment provides 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, servocontrols, motors, and sensors for aircraft that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.
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