Analysts Expect Woodward, Inc. (WWD) Will Announce Quarterly Sales of $525.96 Million

Equities analysts forecast that Woodward, Inc. (NASDAQ:WWD) will announce $525.96 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Woodward’s earnings, with the lowest sales estimate coming in at $522.44 million and the highest estimate coming in at $532.00 million. Woodward posted sales of $500.38 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, April 23rd.

According to Zacks, analysts expect that Woodward will report full-year sales of $2.24 billion for the current financial year, with estimates ranging from $2.19 billion to $2.32 billion. For the next fiscal year, analysts expect that the company will report sales of $2.39 billion per share, with estimates ranging from $2.37 billion to $2.41 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Woodward.

Woodward (NASDAQ:WWD) last issued its earnings results on Monday, January 22nd. The technology company reported $0.53 earnings per share 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 analyst estimates of $472.14 million. During the same quarter last year, the firm posted $0.73 earnings per share. Woodward’s revenue was up 6.2% on a year-over-year basis.

WWD has been the subject of several recent analyst reports. BidaskClub raised shares of Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Zacks Investment Research raised shares of Woodward from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Saturday, January 13th. Wood & Company reaffirmed a “hold” rating on shares of Woodward in a research note on Tuesday, January 23rd. Barrington Research initiated coverage on shares of Woodward in a research note on Tuesday, January 23rd. They issued a “market perform” rating for the company. Finally, Stephens set a $89.00 target price on shares of Woodward and gave the company a “buy” rating in a research note on Monday, March 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Woodward currently has a consensus rating of “Hold” and a consensus price target of $80.22.

Several hedge funds have recently modified their holdings of the company. McCollum Christoferson Group LLC acquired a new position in Woodward during the fourth quarter worth $214,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in 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 purchasing an additional 1,092 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in Woodward during the fourth quarter worth $258,000. Kovack Advisors Inc. acquired a new position in Woodward during the fourth quarter worth $260,000. Finally, WoodTrust Financial Corp acquired a new position in Woodward during the fourth quarter worth $283,000. 74.47% of the stock is owned by institutional investors.

Shares of WWD traded up $1.05 on Friday, reaching $75.75. 274,695 shares of the company’s stock were exchanged, compared to its average volume of 617,536. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.77 and a quick ratio of 1.35. The company has a market cap of $4,595.44, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.23. Woodward has a 12 month low of $65.22 and a 12 month high of $89.30.

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About Woodward

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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