Woodward (WWD) to Release Quarterly Earnings on Monday

Woodward (NASDAQ:WWD) is scheduled to announce its earnings results 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.Individual that wish to register for the company’s earnings conference call can do so using this link.

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

NASDAQ:WWD opened at $150.58 on Friday. Woodward has a one year low of $91.89 and a one year high of $160.79. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.65 and a quick ratio of 1.69. The company’s 50-day simple moving average is $147.48 and its 200 day simple moving average is $138.24. The firm has a market capitalization of $9.08 billion, a P/E ratio of 31.77, a PEG ratio of 1.82 and a beta of 1.36.

Woodward Announces Dividend

The company 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 $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.00 annualized dividend and a yield of 0.66%. Woodward’s dividend payout ratio (DPR) is presently 21.10%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on WWD. The Goldman Sachs Group lifted their target price on shares of Woodward from $159.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. StockNews.com cut shares of Woodward from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Alembic Global Advisors cut shares of Woodward from an “overweight” rating to a “neutral” rating and set a $148.00 price objective for the company. in a report on Thursday, February 1st. Barclays boosted their price objective on shares of Woodward from $134.00 to $140.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Woodward from $165.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. 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 currently has an average rating of “Moderate Buy” and a consensus target price of $158.22.

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.