Woodward (NASDAQ:WWD) Releases Earnings Results, Beats Estimates By $0.24 EPS


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Woodward (NASDAQ:WWD) released its quarterly earnings results on Sunday. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.24, MarketWatch Earnings reports. The business had revenue of $581.32 million for the quarter, compared to analysts’ expectations of $573.50 million. Woodward had a return on equity of 15.51% and a net margin of 9.25%. The company’s revenue was down 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 EPS.

NASDAQ:WWD traded up $2.42 during mid-day trading on Tuesday, hitting $126.96. The company had a trading volume of 17,822 shares, compared to its average volume of 261,983. The business has a fifty day simple moving average of $122.66 and a 200-day simple moving average of $114.40. The company has a current ratio of 2.31, a quick ratio of 1.36 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 1.84 and a beta of 1.51. Woodward has a 1 year low of $50.50 and a 1 year high of $127.91.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Tuesday, May 18th will be given a $0.162 dividend. This represents a $0.65 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Monday, May 17th. Woodward’s dividend payout ratio (DPR) is presently 13.32%.

A number of research firms recently weighed in on WWD. Credit Suisse Group upped their price target on Woodward from $147.00 to $151.00 and gave the stock an “outperform” rating in a report on Tuesday. Truist Securities increased their price target on Woodward from $108.00 to $118.00 in a research note on Tuesday. Finally, Truist increased their price target on Woodward from $108.00 to $118.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Woodward currently has an average rating of “Hold” and a consensus price target of $104.00.

In other news, President Sagar A. Patel sold 83,400 shares of the firm’s stock in a transaction dated Wednesday, February 3rd. The stock was sold at an average price of $115.87, for a total transaction of $9,663,558.00. Following the completion of the sale, the president now directly owns 24,116 shares in the company, valued at $2,794,320.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas A. Gendron sold 2,099 shares of Woodward stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $114.68, for a total value of $240,713.32. Following the completion of the transaction, the chief executive officer now owns 7,886 shares of the company’s stock, valued at $904,366.48. The disclosure for this sale can be found here. Insiders have sold 213,604 shares of company stock valued at $25,151,523 over the last 90 days. Insiders own 4.20% 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 offers 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, servo controls, and motors and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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Earnings History for Woodward (NASDAQ:WWD)

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