Brokers Set Expectations for Woodward Inc’s Q2 2018 Earnings (WWD)
Woodward Inc (NASDAQ:WWD) – Analysts at Barrington Research issued their Q2 2018 earnings per share estimates for Woodward in a note issued to investors on Tuesday. Barrington Research analyst M. Gall forecasts that the technology company will post earnings per share of $0.83 for the quarter. Barrington Research currently has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Woodward’s Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $1.22 EPS, FY2018 earnings at $3.38 EPS, Q1 2019 earnings at $0.74 EPS, Q2 2019 earnings at $0.92 EPS, Q4 2019 earnings at $1.29 EPS and FY2019 earnings at $4.08 EPS.
WWD has been the topic of several other reports. Zacks Investment Research downgraded Woodward from a “hold” rating to a “sell” rating in a report on Friday, October 27th. ValuEngine downgraded Woodward from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Wood & Company downgraded Woodward from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. BidaskClub downgraded Woodward from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Cowen reiterated a “hold” rating and issued a $62.00 price target on shares of Woodward in a report on Sunday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $79.25.
Woodward (NASDAQ:WWD) last posted its quarterly earnings data on Monday, January 22nd. The technology company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.11). Woodward had a return on equity of 14.04% and a net margin of 8.10%. The business had revenue of $470.14 million for the quarter, compared to analysts’ expectations of $472.14 million. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Woodward’s revenue for the quarter was up 6.2% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 20th will be issued a $0.1425 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.80%. This is an increase from Woodward’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 16th. Woodward’s payout ratio is 18.38%.
In related news, Director Mary L. Petrovich sold 5,700 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $79.69, for a total transaction of $454,233.00. Following the completion of the transaction, the director now directly owns 27,904 shares in the company, valued at approximately $2,223,669.76. The sale was disclosed in a document filed with the SEC, which is available through this link. 6.17% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of WWD. Advisor Group Inc. grew its stake in Woodward by 9.8% during the 2nd quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock worth $112,000 after buying an additional 147 shares during the last quarter. Wesbanco Bank Inc. bought a new position in Woodward during the 3rd quarter worth $203,000. Public Employees Retirement System of Ohio grew its stake in Woodward by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock worth $211,000 after buying an additional 171 shares during the last quarter. McCollum Christoferson Group LLC bought a new position in Woodward during the 4th quarter worth $214,000. Finally, CAPROCK Group Inc. bought a new position in Woodward during the 3rd quarter worth $222,000. Hedge funds and other institutional investors own 72.61% of the company’s stock.
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Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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