Wall Street analysts forecast that Woodward, Inc.Common Stock (NASDAQ:WWD) will report sales of $740.18 million for the current quarter, Zacks reports. Five analysts have made estimates for Woodward, Inc.Common Stock’s earnings, with estimates ranging from $728.90 million to $758.53 million. Woodward, Inc.Common Stock posted sales of $719.36 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.9%. The company is scheduled to issue its next earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that Woodward, Inc.Common Stock will report full-year sales of $2.90 billion for the current year, with estimates ranging from $2.89 billion to $2.92 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.06 billion, with estimates ranging from $2.98 billion to $3.16 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Woodward, Inc.Common Stock.
Woodward, Inc.Common Stock (NASDAQ:WWD) last released its quarterly earnings results on Monday, August 5th. The technology company reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.13. Woodward, Inc.Common Stock had a return on equity of 19.79% and a net margin of 9.27%. The business had revenue of $752.01 million during the quarter, compared to analyst estimates of $699.59 million. During the same quarter last year, the company posted $1.12 EPS. Woodward, Inc.Common Stock’s revenue for the quarter was up 27.9% on a year-over-year basis.
In other Woodward, Inc.Common Stock news, Director Mary L. Petrovich sold 3,577 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $107.23, for a total transaction of $383,561.71. Following the completion of the sale, the director now directly owns 6,015 shares in the company, valued at approximately $644,988.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert F. Weber, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $108.32, for a total value of $1,083,200.00. Following the sale, the chief financial officer now owns 36,553 shares of the company’s stock, valued at $3,959,420.96. The disclosure for this sale can be found here. Insiders have sold a total of 33,577 shares of company stock valued at $3,592,562 over the last 90 days. Corporate insiders own 4.61% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Motco purchased a new stake in shares of Woodward, Inc.Common Stock during the 2nd quarter worth about $39,000. FNY Investment Advisers LLC purchased a new stake in shares of Woodward, Inc.Common Stock during the 2nd quarter worth about $80,000. HM Payson & Co. purchased a new stake in shares of Woodward, Inc.Common Stock during the 2nd quarter worth about $91,000. Veritable L.P. purchased a new stake in shares of Woodward, Inc.Common Stock during the 2nd quarter worth about $200,000. Finally, Magnus Financial Group LLC purchased a new stake in shares of Woodward, Inc.Common Stock during the 2nd quarter worth about $225,000. 73.73% of the stock is owned by institutional investors.
NASDAQ:WWD opened at $106.60 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 2.02 and a debt-to-equity ratio of 0.59. Woodward, Inc.Common Stock has a 1-year low of $68.40 and a 1-year high of $119.20. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32. The stock has a fifty day simple moving average of $107.15 and a 200 day simple moving average of $108.54.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.162 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.65 dividend on an annualized basis and a yield of 0.61%. Woodward, Inc.Common Stock’s payout ratio is presently 16.88%.
About Woodward, Inc.Common Stock
Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's Aerospace segment offers 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, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
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