Woodward, Inc. (WWD) Expected to Post Quarterly Sales of $525.96 Million

Equities analysts forecast that Woodward, Inc. (NASDAQ:WWD) will announce sales of $525.96 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Woodward’s earnings. The highest sales estimate is $532.00 million and the lowest is $522.44 million. Woodward reported sales of $500.38 million during the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The company is expected to announce its next earnings results after the market closes on Monday, April 23rd.

According to Zacks, analysts expect that Woodward will report full year sales of $2.21 billion for the current fiscal year, with estimates ranging from $2.19 billion to $2.23 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.39 billion per share, with estimates ranging from $2.37 billion to $2.41 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Woodward.

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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 company had revenue of $470.14 million during the quarter, compared to analyst estimates of $472.14 million. Woodward had a net margin of 8.10% and a return on equity of 14.04%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS.

Several research firms have issued reports on WWD. Barrington Research began coverage on Woodward in a research report on Tuesday, January 23rd. They set a “market perform” rating on the stock. Zacks Investment Research upgraded Woodward from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Saturday, January 13th. BidaskClub upgraded Woodward from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Wood & Company reiterated a “hold” rating on shares of Woodward in a research report on Tuesday, January 23rd. Finally, Barclays began coverage on Woodward in a research report on Thursday, March 29th. They set an “equal weight” rating and a $81.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $80.22.

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in Woodward by 6.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 25,418 shares of the technology company’s stock valued at $1,945,000 after buying an additional 1,567 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in Woodward in the 4th quarter valued at approximately $4,533,000. Gotham Asset Management LLC lifted its stake in Woodward by 369.7% in the 4th quarter. Gotham Asset Management LLC now owns 60,142 shares of the technology company’s stock valued at $4,603,000 after buying an additional 47,338 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in Woodward by 1.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 396,997 shares of the technology company’s stock valued at $30,387,000 after buying an additional 4,721 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Woodward in the 4th quarter valued at approximately $857,000. 74.47% of the stock is currently owned by institutional investors and hedge funds.

WWD stock traded up $0.37 during trading on Friday, hitting $74.42. The company had a trading volume of 31,748 shares, compared to its average volume of 623,200. The stock has a market capitalization of $4,537.23, a PE ratio of 23.43, a price-to-earnings-growth ratio of 1.70 and a beta of 1.22. Woodward has a 1-year low of $65.22 and a 1-year 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.

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Woodward Company Profile

Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its Aerospace segment provides 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, servocontrols, motors, and sensors for aircraft that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.

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Earnings History and Estimates for Woodward (NASDAQ:WWD)

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