Woodward (WWD) to Release Quarterly Earnings on Monday

Woodward (NASDAQ:WWD) is scheduled to be posting its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Woodward to post earnings of $1.29 per share for the quarter. Woodward has set its FY24 guidance at $5.00-5.40 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Woodward (NASDAQ:WWD) last announced its earnings results on Monday, January 29th. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.33. The company had revenue of $786.73 million for the quarter, compared to analysts’ expectations of $750.13 million. Woodward had a net margin of 9.50% and a return on equity of 15.26%. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. On average, analysts expect Woodward to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Woodward Trading Up 0.6 %

Shares of WWD stock opened at $150.58 on Friday. The company’s 50-day moving average price is $147.48 and its 200-day moving average price is $138.24. The company has a current ratio of 2.65, a quick ratio of 1.69 and a debt-to-equity ratio of 0.30. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 1.82 and a beta of 1.36. Woodward has a twelve month low of $91.89 and a twelve month high of $160.79.

Woodward Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.66%. Woodward’s payout ratio is 21.10%.

Analyst Upgrades and Downgrades

WWD has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Woodward from $165.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Barclays boosted their price target on shares of Woodward from $134.00 to $140.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Alembic Global Advisors cut shares of Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 price target on the stock. in a research report on Thursday, February 1st. UBS Group boosted their price target on shares of Woodward from $168.00 to $177.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Finally, The Goldman Sachs Group boosted their price target on shares of Woodward from $159.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Woodward presently has a consensus rating of “Moderate Buy” and an average price target of $158.22.

Insider Activity at Woodward

In other Woodward news, Director John D. Cohn sold 1,500 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $138.86, for a total transaction of $208,290.00. Following the sale, the director now directly owns 20,531 shares in the company, valued at $2,850,934.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Christopher Fawzy sold 11,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $140.00, for a total transaction of $1,540,000.00. Following the sale, the executive vice president now owns 4,836 shares of the company’s stock, valued at $677,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John D. Cohn sold 1,500 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $138.86, for a total transaction of $208,290.00. Following the sale, the director now directly owns 20,531 shares in the company, valued at approximately $2,850,934.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,200 shares of company stock worth $7,242,916. Company insiders own 1.12% of the company’s stock.

About Woodward

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The 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.