Woodward (WWD) to Release Earnings on Monday

Woodward (NASDAQ:WWD) is scheduled to announce its earnings results after the market closes on Monday, July 29th. Analysts expect the company to announce earnings of $1.46 per share for the quarter. Woodward has set its FY24 guidance at $5.70-6.00 EPS and its FY 2024 guidance at 5.700-6.000 EPS.Persons 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, April 29th. The technology company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.34. Woodward had a return on equity of 16.50% and a net margin of 11.09%. The firm had revenue of $835.34 million for the quarter, compared to the consensus estimate of $807.04 million. During the same period in the previous year, the business earned $1.01 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. On average, analysts expect Woodward to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Woodward Stock Up 2.1 %

Shares of WWD stock opened at $183.13 on Friday. Woodward has a 1-year low of $118.64 and a 1-year high of $188.35. The stock’s fifty day moving average price is $180.48 and its 200 day moving average price is $159.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.62 and a quick ratio of 1.78. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.37.

Woodward Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.00 annualized dividend and a yield of 0.55%. Woodward’s dividend payout ratio (DPR) is 17.48%.

Insider Activity

In related news, Director Gregg C. Sengstack sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $167.01, for a total value of $1,002,060.00. Following the transaction, the director now directly owns 17,450 shares in the company, valued at $2,914,324.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.12% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on WWD. Truist Financial boosted their target price on Woodward from $143.00 to $152.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Wells Fargo & Company lifted their price target on Woodward from $156.00 to $172.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Woodward from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Barclays boosted their price objective on Woodward from $140.00 to $175.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. Finally, The Goldman Sachs Group boosted their price objective on Woodward from $159.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.38.

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.