Zacks: Analysts Anticipate Woodward, Inc. (NASDAQ:WWD) Will Announce Quarterly Sales of $602.81 Million

Brokerages expect Woodward, Inc. (NASDAQ:WWD) to report sales of $602.81 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Woodward’s earnings, with estimates ranging from $587.10 million to $613.00 million. Woodward posted sales of $531.26 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.5%. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 18th.

According to Zacks, analysts expect that Woodward will report full year sales of $2.28 billion for the current year, with estimates ranging from $2.26 billion to $2.29 billion. For the next year, analysts expect that the business will report sales of $2.57 billion, with estimates ranging from $2.51 billion to $2.62 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Woodward.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Sunday, August 1st. The technology company reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.23). The company had revenue of $556.68 million for the quarter, compared to analyst estimates of $617.21 million. Woodward had a return on equity of 9.86% and a net margin of 9.79%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.48 earnings per share.

A number of equities research analysts have recently weighed in on WWD shares. The Goldman Sachs Group downgraded shares of Woodward from a “neutral” rating to a “sell” rating and set a $102.00 price target for the company. in a research report on Thursday. Credit Suisse Group dropped their price target on shares of Woodward from $151.00 to $138.00 and set an “outperform” rating for the company in a research report on Tuesday, August 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Woodward presently has an average rating of “Hold” and a consensus price target of $122.67.

In other Woodward news, CEO Thomas A. Gendron sold 1,389 shares of the business’s stock in a transaction on Thursday, July 15th. The shares were sold at an average price of $119.33, for a total transaction of $165,749.37. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Terence J. Voskuil sold 2,100 shares of the business’s stock in a transaction on Thursday, September 2nd. The stock was sold at an average price of $22.04, for a total transaction of $46,284.00. The disclosure for this sale can be found here. Company insiders own 3.81% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of WWD. Red Door Wealth Management LLC bought a new stake in shares of Woodward in the second quarter worth $28,000. Strategic Blueprint LLC bought a new stake in shares of Woodward in the second quarter worth $36,000. Van ECK Associates Corp bought a new stake in shares of Woodward in the first quarter worth $40,000. FORA Capital LLC bought a new stake in shares of Woodward in the first quarter worth $63,000. Finally, Maverick Capital Ltd. bought a new stake in shares of Woodward in the second quarter worth $89,000. 79.27% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ WWD opened at $114.95 on Friday. The company has a current ratio of 4.24, a quick ratio of 2.98 and a debt-to-equity ratio of 0.34. Woodward has a 1-year low of $74.34 and a 1-year high of $130.75. The company has a 50 day moving average of $118.60 and a 200-day moving average of $121.16. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 2.71 and a beta of 1.73.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 29th. Investors of record on Monday, November 15th will be paid a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 0.57%. This is a boost from Woodward’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, November 12th. Woodward’s dividend payout ratio (DPR) is 16.41%.

Woodward Company Profile

Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.

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Earnings History and Estimates for Woodward (NASDAQ:WWD)

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