Woodward (WWD) Set to Announce Earnings on Monday

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

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

Woodward Stock Performance

WWD stock opened at $150.58 on Friday. The business’s 50-day moving average price is $147.74 and its two-hundred day moving average price is $138.39. 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 firm has a market cap of $9.08 billion, a PE ratio of 31.77, a P/E/G ratio of 1.82 and a beta of 1.36. Woodward has a 1-year low of $91.89 and a 1-year high of $160.79.

Woodward Dividend Announcement

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

Wall Street Analysts Forecast Growth

WWD has been the topic of several recent analyst reports. Truist Financial lifted their target price on Woodward from $136.00 to $143.00 and gave the stock a “hold” rating in a report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Woodward from $165.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. The Goldman Sachs Group boosted their price target on Woodward from $159.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. UBS Group boosted their price target on Woodward from $168.00 to $177.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Alembic Global Advisors lowered Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 price target on the stock. in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Woodward currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.22.

Insider Activity at Woodward

In related news, COO Thomas G. Cromwell sold 38,700 shares of Woodward stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $141.98, for a total value of $5,494,626.00. Following the sale, the chief operating officer now owns 11,833 shares of the company’s stock, valued at $1,680,049.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Woodward news, Director John D. Cohn sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $138.86, for a total value of $208,290.00. Following the sale, the director now owns 20,531 shares in the company, valued at $2,850,934.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas G. Cromwell sold 38,700 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $141.98, for a total value of $5,494,626.00. Following the completion of the sale, the chief operating officer now owns 11,833 shares in the company, valued at approximately $1,680,049.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,200 shares of company stock valued at $7,242,916. 1.12% of the stock is owned by insiders.

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.