Wall Street analysts expect Woodward Inc (NASDAQ:WWD) to announce earnings per share (EPS) of $0.59 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Woodward’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.60. Woodward reported earnings per share of $0.73 during the same quarter last year, which suggests a negative year-over-year growth rate of 19.2%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, January 22nd.

According to Zacks, analysts expect that Woodward will report full-year earnings of $3.39 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.46. For the next fiscal year, analysts forecast that the firm will report earnings of $4.02 per share, with EPS estimates ranging from $3.85 to $4.27. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Woodward.

Woodward (NASDAQ:WWD) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.93 by $0.05. Woodward had a return on equity of 15.55% and a net margin of 9.55%. The firm had revenue of $606.79 million for the quarter, compared to analysts’ expectations of $596.99 million. During the same period last year, the firm earned $0.99 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised Woodward from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Saturday, January 13th. BidaskClub raised Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Cowen reaffirmed a “hold” rating and set a $62.00 price target on shares of Woodward in a research note on Sunday, December 10th. ValuEngine lowered Woodward from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, SunTrust Banks increased their price target on Woodward to $77.00 and gave the company a “hold” rating in a research note on Thursday, November 9th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $79.25.

Woodward (NASDAQ WWD) traded down $0.82 on Tuesday, reaching $79.33. The company had a trading volume of 252,500 shares, compared to its average volume of 363,950. Woodward has a 12-month low of $65.22 and a 12-month high of $84.23. The company has a current ratio of 2.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.42. The firm has a market cap of $4,909.30, a PE ratio of 25.10, a P/E/G ratio of 1.97 and a beta of 1.24.

In other news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $79.69, for a total value of $454,233.00. Following the completion of the sale, the director now owns 27,904 shares of the company’s stock, valued at $2,223,669.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.17% of the company’s stock.

Several large investors have recently made changes to their positions in WWD. Advisor Group Inc. raised its holdings in Woodward by 9.8% during the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after buying an additional 147 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Woodward by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after buying an additional 190 shares in the last quarter. Wesbanco Bank Inc. bought a new position in Woodward during the third quarter valued at about $203,000. Public Employees Retirement System of Ohio raised its holdings in Woodward by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock valued at $211,000 after buying an additional 171 shares in the last quarter. Finally, McCollum Christoferson Group LLC bought a new position in shares of Woodward in the fourth quarter worth about $214,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

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Woodward Company Profile

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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