Equities analysts forecast that Woodward, Inc. (NASDAQ:WWD) will announce earnings of $1.03 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Woodward’s earnings. The highest EPS estimate is $1.05 and the lowest is $1.00. Woodward posted earnings of $0.85 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 21.2%. The company is scheduled to report its next earnings report on Monday, July 23rd.

According to Zacks, analysts expect that Woodward will report full-year earnings of $3.62 per share for the current fiscal year, with EPS estimates ranging from $3.57 to $3.70. For the next financial year, analysts forecast that the company will post earnings of $4.26 per share, with EPS estimates ranging from $4.02 to $4.60. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Woodward.

Woodward (NASDAQ:WWD) last announced its earnings results on Monday, April 23rd. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The firm had revenue of $548.25 million for the quarter, compared to analysts’ expectations of $526.84 million. Woodward had a return on equity of 14.56% and a net margin of 7.94%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis.

A number of equities research analysts have commented on the company. Credit Suisse Group lowered their target price on Woodward from $81.00 to $78.00 and set a “neutral” rating on the stock in a report on Tuesday, April 24th. BidaskClub upgraded Woodward from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Zacks Investment Research upgraded Woodward from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Friday, April 20th. Wood & Company reiterated a “hold” rating on shares of Woodward in a report on Tuesday, April 24th. Finally, Stephens set a $89.00 target price on Woodward and gave the company a “buy” rating in a report on Monday, March 19th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $79.40.

In related news, insider Matthew Freeman Taylor sold 4,000 shares of the stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $73.25, for a total value of $293,000.00. Following the transaction, the insider now directly owns 8,297 shares of the company’s stock, valued at approximately $607,755.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas A. Gendron sold 62,000 shares of the stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $73.22, for a total value of $4,539,640.00. Following the completion of the transaction, the insider now directly owns 288,390 shares in the company, valued at $21,115,915.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,200 shares of company stock worth $7,022,692. Corporate insiders own 6.17% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Woodward by 2.7% in the 1st quarter. BlackRock Inc. now owns 5,740,873 shares of the technology company’s stock worth $411,391,000 after buying an additional 150,529 shares during the period. Eagle Asset Management Inc. increased its holdings in Woodward by 40.8% in the 1st quarter. Eagle Asset Management Inc. now owns 1,444,322 shares of the technology company’s stock valued at $103,500,000 after purchasing an additional 418,470 shares in the last quarter. Fiduciary Management Inc. WI increased its holdings in Woodward by 3.2% in the 1st quarter. Fiduciary Management Inc. WI now owns 1,353,719 shares of the technology company’s stock valued at $97,008,000 after purchasing an additional 41,838 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in Woodward by 24.7% in the 1st quarter. Champlain Investment Partners LLC now owns 1,227,650 shares of the technology company’s stock valued at $87,973,000 after purchasing an additional 242,845 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Woodward by 9.7% in the 1st quarter. Royal Bank of Canada now owns 989,241 shares of the technology company’s stock valued at $70,888,000 after purchasing an additional 87,342 shares in the last quarter. 72.56% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:WWD traded up $0.50 during trading hours on Friday, reaching $78.03. 210,800 shares of the company traded hands, compared to its average volume of 489,681. The stock has a market cap of $4.71 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.48 and a current ratio of 2.92. Woodward has a 1-year low of $65.76 and a 1-year high of $89.30.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 4th. Shareholders of record on Monday, May 21st were paid a dividend of $0.142 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Friday, May 18th. Woodward’s dividend payout ratio is presently 18.04%.

About Woodward

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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Earnings History and Estimates for Woodward (NASDAQ:WWD)

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