Brokers Offer Predictions for Woodward, Inc.’s FY2019 Earnings (WWD)

Woodward, Inc. (NASDAQ:WWD) – Analysts at SunTrust Banks raised their FY2019 earnings per share (EPS) estimates for shares of Woodward in a research note issued to investors on Monday. SunTrust Banks analyst M. Ciarmoli now anticipates that the technology company will post earnings of $4.63 per share for the year, up from their prior forecast of $4.27. SunTrust Banks has a “Hold” rating and a $77.00 price target on the stock.

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

WWD has been the subject of several other reports. BidaskClub raised shares of Woodward from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Woodward from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Cowen reaffirmed a “hold” rating and issued a $62.00 price objective on shares of Woodward in a research report on Sunday, December 10th. Wood & Company lowered shares of Woodward from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 26th. Finally, Oppenheimer reaffirmed a “market perform” rating and issued a $82.00 price objective on shares of Woodward in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $77.71.

Shares of Woodward (NASDAQ WWD) traded up $0.81 during trading on Tuesday, hitting $79.99. 637,886 shares of the company traded hands, compared to its average volume of 391,257. The stock has a market cap of $4,880.00, a price-to-earnings ratio of 25.31, a P/E/G ratio of 1.95 and a beta of 1.24. The company has a quick ratio of 1.28, a current ratio of 2.39 and a debt-to-equity ratio of 0.42. Woodward has a 52-week low of $65.22 and a 52-week high of $82.94.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Inc. raised its position in Woodward by 9.8% during the 2nd quarter. Advisor Group Inc. now owns 1,654 shares of the technology company’s stock worth $112,000 after buying an additional 147 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Woodward by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,115 shares of the technology company’s stock worth $211,000 after buying an additional 171 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Woodward by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,190 shares of the technology company’s stock worth $148,000 after buying an additional 190 shares during the last quarter. Amalgamated Bank raised its position in Woodward by 5.1% during the 2nd quarter. Amalgamated Bank now owns 7,684 shares of the technology company’s stock worth $519,000 after buying an additional 373 shares during the last quarter. Finally, Virtu KCG Holdings LLC raised its position in Woodward by 5.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 10,152 shares of the technology company’s stock worth $686,000 after buying an additional 540 shares during the last quarter. 72.12% of the stock is owned by institutional investors.

In other Woodward news, Director Mary L. Petrovich sold 5,700 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 27,904 shares of the company’s stock, valued at approximately $2,223,669.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.17% of the company’s stock.

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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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