Zacks: Analysts Anticipate Woodward, Inc.Common Stock (NASDAQ:WWD) Will Announce Quarterly Sales of $740.69 Million
Equities analysts expect Woodward, Inc.Common Stock (NASDAQ:WWD) to announce sales of $740.69 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Woodward, Inc.Common Stock’s earnings, with the lowest sales estimate coming in at $728.90 million and the highest estimate coming in at $761.11 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 3%. The business is expected to announce 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 fiscal year, with estimates ranging from $2.89 billion to $2.92 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.06 billion, with estimates ranging from $2.98 billion to $3.17 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Woodward, Inc.Common Stock.
Woodward, Inc.Common Stock (NASDAQ:WWD) last released its earnings results on Monday, August 5th. The technology company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.13. Woodward, Inc.Common Stock had a net margin of 9.27% and a return on equity of 19.79%. The firm had revenue of $752.01 million during the quarter, compared to the consensus estimate of $699.59 million. During the same period in the previous year, the firm earned $1.12 earnings per share. Woodward, Inc.Common Stock’s revenue was up 27.9% compared to the same quarter last year.
Woodward, Inc.Common Stock stock traded down $2.80 during trading on Friday, reaching $103.13. The company had a trading volume of 196,615 shares, compared to its average volume of 437,702. Woodward, Inc.Common Stock has a 12-month low of $68.40 and a 12-month high of $119.20. The stock’s 50 day moving average price is $111.64 and its two-hundred day moving average price is $104.83. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.66 and a beta of 1.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.19 and a current ratio of 2.02.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.162 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $0.65 dividend on an annualized basis and a yield of 0.63%. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is 16.88%.
In other news, Vice Chairman Robert F. Weber, Jr. sold 10,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $106.45, for a total transaction of $1,064,500.00. Following the transaction, the insider now directly owns 36,553 shares of the company’s stock, valued at $3,891,066.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald M. Sega sold 6,700 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $112.00, for a total transaction of $750,400.00. Following the transaction, the director now directly owns 18,975 shares in the company, valued at $2,125,200. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,277 shares of company stock worth $2,198,462. 4.61% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Treasurer of the State of North Carolina acquired a new position in shares of Woodward, Inc.Common Stock during the second quarter worth $2,602,000. Verition Fund Management LLC bought a new stake in shares of Woodward, Inc.Common Stock in the second quarter worth $1,020,000. HM Payson & Co. bought a new stake in shares of Woodward, Inc.Common Stock in the second quarter worth $91,000. Eaton Vance Management increased its stake in shares of Woodward, Inc.Common Stock by 4.7% in the second quarter. Eaton Vance Management now owns 208,097 shares of the technology company’s stock worth $23,548,000 after buying an additional 9,295 shares during the last quarter. Finally, United Services Automobile Association increased its stake in shares of Woodward, Inc.Common Stock by 19.0% in the second quarter. United Services Automobile Association now owns 10,121 shares of the technology company’s stock worth $1,145,000 after buying an additional 1,614 shares during the last quarter. 73.35% of the stock is currently owned by institutional investors and hedge funds.
Woodward, Inc.Common Stock Company Profile
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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