Woodward (WWD) Set to Announce Earnings on Monday

Woodward (NASDAQ:WWD) is set to post 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 participating in the company’s earnings conference call can do so using this link.

Woodward (NASDAQ:WWD) last issued its quarterly earnings data on Monday, January 29th. The technology company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. The firm had revenue of $786.73 million during the quarter, compared to the consensus estimate of $750.13 million. Woodward had a return on equity of 15.26% and a net margin of 9.50%. The firm’s revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the business earned $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 Price Performance

Shares of WWD opened at $150.58 on Friday. The company has a market cap of $9.08 billion, a P/E ratio of 31.77, a PEG ratio of 1.82 and a beta of 1.36. The stock has a fifty day moving average price of $147.74 and a 200 day moving average price of $138.39. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.65 and a quick ratio of 1.69. Woodward has a 12 month low of $91.89 and a 12 month high of $160.79.

Woodward Announces Dividend

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

Insider Activity

In other Woodward news, Director John D. Cohn sold 1,500 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $138.86, for a total value of $208,290.00. Following the transaction, the director now directly owns 20,531 shares of the company’s stock, valued at approximately $2,850,934.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Woodward news, Director John D. Cohn sold 1,500 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $138.86, for a total value of $208,290.00. Following the transaction, the director now directly owns 20,531 shares of the company’s stock, valued at approximately $2,850,934.66. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $1,540,000.00. Following the transaction, the executive vice president now directly owns 4,836 shares in the company, valued at approximately $677,040. The disclosure for this sale can be found here. Insiders sold a total of 51,200 shares of company stock valued at $7,242,916 over the last three months. Insiders own 1.12% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on WWD. Truist Financial upped their price objective on Woodward from $136.00 to $143.00 and gave the stock a “hold” rating in a research note on Tuesday, January 30th. The Goldman Sachs Group increased their price target on Woodward from $159.00 to $201.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Barclays increased their price target on Woodward from $134.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. StockNews.com cut Woodward from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Alembic Global Advisors cut Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 price target for the company. in a research note on Thursday, February 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $158.22.

Woodward Company Profile

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.