Equities research analysts expect Woodward Inc (NASDAQ:WWD) to post earnings per share of $0.80 for the current quarter, Zacks reports. Four analysts have made estimates for Woodward’s earnings. The lowest EPS estimate is $0.76 and the highest is $0.83. Woodward reported earnings per share of $0.60 in the same quarter last year, which suggests a positive year-over-year growth rate of 33.3%. The company is expected to announce its next quarterly earnings report on Wednesday, April 18th.
According to Zacks, analysts expect that Woodward will report full-year earnings of $3.40 per share for the current year, with EPS estimates ranging from $3.35 to $3.46. For the next year, analysts forecast that the business will report earnings of $4.22 per share, with EPS estimates ranging from $4.06 to $4.53. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Woodward.
Woodward (NASDAQ:WWD) last released its quarterly earnings data on Monday, January 22nd. The technology company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.11). Woodward had a net margin of 8.10% and a return on equity of 14.04%. The business had revenue of $470.14 million for the quarter, compared to analysts’ expectations of $472.14 million. During the same period last year, the business earned $0.73 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis.
A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in Woodward by 5.8% in 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 acquiring an additional 171 shares during the period. US Bancorp DE raised its stake in shares of Woodward by 4.6% in the fourth quarter. US Bancorp DE now owns 19,405 shares of the technology company’s stock worth $1,485,000 after buying an additional 857 shares during the period. Pacer Advisors Inc. raised its stake in shares of Woodward by 11.6% in the third quarter. Pacer Advisors Inc. now owns 8,602 shares of the technology company’s stock worth $668,000 after buying an additional 897 shares during the period. Aperio Group LLC raised its stake in shares of Woodward by 4.1% in the fourth quarter. Aperio Group LLC now owns 24,736 shares of the technology company’s stock worth $1,893,000 after buying an additional 978 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Woodward by 0.4% in the third quarter. Principal Financial Group Inc. now owns 233,814 shares of the technology company’s stock worth $18,147,000 after buying an additional 983 shares during the period. 72.60% of the stock is currently owned by institutional investors.
Woodward (NASDAQ:WWD) traded up $2.01 during trading on Thursday, hitting $74.91. The company had a trading volume of 350,954 shares, compared to its average volume of 636,075. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.77 and a quick ratio of 1.35. Woodward has a 12 month low of $65.22 and a 12 month high of $89.30. The stock has a market capitalization of $4,589.89, a PE ratio of 25.31, a PEG ratio of 1.84 and a beta of 1.27.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 20th were issued a $0.1425 dividend. This is an increase from Woodward’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 16th. This represents a $0.57 dividend on an annualized basis and a yield of 0.76%. Woodward’s dividend payout ratio is currently 20.96%.
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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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