$585.52 Million in Sales Expected for Woodward, Inc.Common Stock (WWD) This Quarter
Equities analysts predict that Woodward, Inc.Common Stock (NASDAQ:WWD) will post sales of $585.52 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Woodward, Inc.Common Stock’s earnings. The highest sales estimate is $597.70 million and the lowest is $575.30 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 24.5%. The firm is scheduled to announce its next earnings results on Monday, January 28th.
According to Zacks, analysts expect that Woodward, Inc.Common Stock will report full year sales of $2.75 billion for the current year, with estimates ranging from $2.72 billion to $2.80 billion. For the next year, analysts anticipate that the company will post sales of $2.92 billion, with estimates ranging from $2.90 billion to $2.94 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Woodward, Inc.Common Stock.
Woodward, Inc.Common Stock (NASDAQ:WWD) last released its earnings results on Wednesday, November 7th. The technology company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. Woodward, Inc.Common Stock had a return on equity of 16.80% and a net margin of 7.76%. The business had revenue of $719.40 million for the quarter, compared to the consensus estimate of $689.01 million. During the same period last year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year.
WWD stock opened at $78.57 on Thursday. Woodward, Inc.Common Stock has a twelve month low of $68.56 and a twelve month high of $89.30. The stock has a market cap of $5.17 billion, a P/E ratio of 20.41, a PEG ratio of 1.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.96 and a current ratio of 1.89.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th were issued a dividend of $0.1425 per share. This represents a $0.57 dividend on an annualized basis and a yield of 0.73%. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, November 9th. Woodward, Inc.Common Stock’s payout ratio is presently 14.81%.
In other Woodward, Inc.Common Stock news, insider Thomas A. Gendron sold 3,000 shares of Woodward, Inc.Common Stock stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $80.71, for a total transaction of $242,130.00. Following the sale, the insider now directly owns 227,390 shares of the company’s stock, valued at $18,352,646.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas A. Gendron sold 2,000 shares of Woodward, Inc.Common Stock stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $81.33, for a total value of $162,660.00. Following the sale, the insider now directly owns 227,390 shares in the company, valued at $18,493,628.70. The disclosure for this sale can be found here. Insiders have sold 16,125 shares of company stock worth $1,316,116 over the last ninety days. Company insiders own 6.17% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC boosted its holdings in 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 purchasing an additional 95,756 shares in the last quarter. BlackRock Inc. boosted its holdings in 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 purchasing an additional 236,693 shares in the last quarter. Adalta Capital Management LLC boosted its holdings in 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 purchasing an additional 1,600 shares in the last quarter. GWM Advisors LLC acquired a new stake in Woodward, Inc.Common Stock during the third quarter valued at approximately $1,584,000. Finally, US Bancorp DE boosted its holdings in Woodward, Inc.Common Stock by 8.8% during the third quarter. US Bancorp DE now owns 22,276 shares of the technology company’s stock valued at $1,801,000 after purchasing an additional 1,808 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.
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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