Brokerages forecast that Woodward Inc (NASDAQ:WWD) will report $0.80 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Woodward’s earnings. The lowest EPS estimate is $0.76 and the highest is $0.83. Woodward reported earnings of $0.60 per share during the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The firm is expected to issue its next quarterly earnings report after the market closes on Monday, April 23rd.
According to Zacks, analysts expect that Woodward will report full-year earnings of $3.40 per share for the current financial year, with EPS estimates ranging from $3.35 to $3.46. For the next fiscal year, analysts anticipate that the company will post earnings of $4.22 per share, with EPS estimates ranging from $4.06 to $4.53. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Woodward.
Woodward (NASDAQ:WWD) last issued its quarterly earnings results on Monday, January 22nd. The technology company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.11). The business had revenue of $470.14 million for the quarter, compared to analyst estimates of $472.14 million. Woodward had a return on equity of 14.04% and a net margin of 8.10%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 EPS.
WWD has been the topic of several analyst reports. BidaskClub raised shares of Woodward from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. Zacks Investment Research raised shares of Woodward from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Saturday, January 13th. Wood & Company reaffirmed a “hold” rating on shares of Woodward in a report on Tuesday, January 23rd. Barclays initiated coverage on shares of Woodward in a report on Thursday, March 29th. They issued an “equal weight” rating and a $81.00 target price on the stock. Finally, Stephens set a $89.00 target price on shares of Woodward and gave the company a “buy” rating in a report on Monday, March 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $80.22.
NASDAQ:WWD traded down $1.24 during mid-day trading on Wednesday, hitting $74.14. The stock had a trading volume of 313,277 shares, compared to its average volume of 642,004. The stock has a market cap of $4,500.46, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23. Woodward has a twelve month low of $65.22 and a twelve month high of $89.30. The company has a quick ratio of 1.35, a current ratio of 2.77 and a debt-to-equity ratio of 0.42.
Hedge funds have recently added to or reduced their stakes in the business. McCollum Christoferson Group LLC acquired a new stake in Woodward during the fourth quarter worth approximately $214,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Woodward by 49.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,282 shares of the technology company’s stock worth $251,000 after acquiring an additional 1,092 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Woodward during the fourth quarter worth approximately $258,000. Kovack Advisors Inc. purchased a new position in shares of Woodward during the fourth quarter worth approximately $260,000. Finally, WoodTrust Financial Corp purchased a new position in shares of Woodward during the fourth quarter worth approximately $283,000. 74.47% of the stock is currently owned by institutional investors.
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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