Woodward Inc Forecasted to Earn Q1 2018 Earnings of $0.58 Per Share (WWD)

Woodward Inc (NASDAQ:WWD) – Investment analysts at Barrington Research issued their Q1 2018 EPS estimates for shares of Woodward in a research report issued to clients and investors on Wednesday. Barrington Research analyst R. Hokanson forecasts that the technology company will earn $0.58 per share for the quarter. Barrington Research also issued estimates for Woodward’s Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $0.91 EPS, Q4 2018 earnings at $1.11 EPS and FY2019 earnings at $3.91 EPS.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The firm had revenue of $606.79 million for the quarter, compared to the consensus estimate of $596.99 million. Woodward had a net margin of 9.55% and a return on equity of 15.55%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share.

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Woodward from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Saturday, January 13th. BidaskClub upgraded shares of Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Cowen restated a “hold” rating and set a $62.00 price objective on shares of Woodward in a research report on Sunday, December 10th. ValuEngine cut shares of Woodward from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, SunTrust Banks raised their price objective on shares of Woodward to $77.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $79.25.

Woodward (NASDAQ WWD) opened at $80.50 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.39 and a quick ratio of 1.28. The firm has a market cap of $5,000.00, a PE ratio of 25.47, a PEG ratio of 1.95 and a beta of 1.24. Woodward has a 52 week low of $65.22 and a 52 week high of $84.23.

Several institutional investors and hedge funds have recently made changes to their positions in WWD. Advisor Group Inc. increased its position in shares of Woodward by 9.8% during the second quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock valued at $112,000 after acquiring an additional 147 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Woodward by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock valued at $148,000 after acquiring an additional 190 shares during the last quarter. Wesbanco Bank Inc. acquired a new stake in shares of Woodward during the third quarter valued at about $203,000. Public Employees Retirement System of Ohio increased its position in shares of Woodward by 5.8% during 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 last quarter. Finally, McCollum Christoferson Group LLC acquired a new stake in shares of Woodward during the fourth quarter valued at about $214,000. Institutional investors and hedge funds own 72.12% of the company’s stock.

In related news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $79.69, for a total transaction of $454,233.00. Following the completion of the sale, the director now directly owns 27,904 shares in the company, valued at $2,223,669.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.17% of the stock is currently owned by company insiders.

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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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