Q1 2019 EPS Estimates for Woodward, Inc.Common Stock (WWD) Cut by Analyst

Woodward, Inc.Common Stock (NASDAQ:WWD) – Analysts at Jefferies Financial Group cut their Q1 2019 earnings estimates for shares of Woodward, Inc.Common Stock in a research report issued on Wednesday, November 7th. Jefferies Financial Group analyst S. Kahyaoglu now expects that the technology company will post earnings of $0.75 per share for the quarter, down from their prior forecast of $0.92. Jefferies Financial Group also issued estimates for Woodward, Inc.Common Stock’s Q2 2019 earnings at $0.97 EPS, FY2019 earnings at $4.55 EPS and FY2020 earnings at $5.30 EPS.

Several other research firms have also issued reports on WWD. Credit Suisse Group lifted their price target on Woodward, Inc.Common Stock from $78.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday. Wood & Company reaffirmed a “hold” rating on shares of Woodward, Inc.Common Stock in a research report on Thursday. Barrington Research raised Woodward, Inc.Common Stock to a “buy” rating and set a $98.00 price target for the company in a research report on Friday. BidaskClub raised Woodward, Inc.Common Stock from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 21st. Finally, Zacks Investment Research raised Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating and set a $91.00 price target for the company in a research report on Monday, July 23rd. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Woodward, Inc.Common Stock currently has an average rating of “Hold” and a consensus target price of $84.75.

WWD opened at $83.90 on Friday. The company has a quick ratio of 1.01, a current ratio of 2.11 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $4.82 billion, a PE ratio of 21.79, a P/E/G ratio of 1.40 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.

Woodward, Inc.Common Stock (NASDAQ:WWD) last announced its quarterly earnings data on Wednesday, November 7th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. The business had revenue of $719.40 million during the quarter, compared to analyst estimates of $689.01 million. Woodward, Inc.Common Stock had a return on equity of 15.40% and a net margin of 7.59%. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC bought a new stake in shares of Woodward, Inc.Common Stock during the 3rd quarter valued at about $218,000. Associated Banc Corp bought a new stake in shares of Woodward, Inc.Common Stock during the 3rd quarter valued at about $279,000. First Hawaiian Bank bought a new stake in shares of Woodward, Inc.Common Stock during the 3rd quarter valued at about $287,000. Jane Street Group LLC bought a new stake in shares of Woodward, Inc.Common Stock during the 2nd quarter valued at about $283,000. Finally, Zions Bancorporation bought a new stake in shares of Woodward, Inc.Common Stock during the 3rd quarter valued at about $304,000. Institutional investors own 73.62% of the company’s stock.

In related news, Director Mary L. Petrovich sold 3,800 shares of Woodward, Inc.Common Stock stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $79.78, for a total value of $303,164.00. Following the completion of the sale, the director now directly owns 25,326 shares in the company, valued at approximately $2,020,508.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert F. Weber, Jr. sold 10,865 shares of Woodward, Inc.Common Stock stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $79.14, for a total value of $859,856.10. Following the completion of the sale, the chief financial officer now owns 35,688 shares of the company’s stock, valued at $2,824,348.32. The disclosure for this sale can be found here. Insiders sold a total of 29,800 shares of company stock valued at $2,377,942 over the last quarter. 6.17% of the stock is owned by corporate insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 0.68%. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, November 9th. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is presently 14.81%.

Woodward, Inc.Common Stock Company Profile

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, Inc.Common Stock (NASDAQ:WWD)

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