Woodward, Inc. (WWD) Releases FY17 Earnings Guidance

Woodward, Inc. (NASDAQ:WWD) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $3.05-3.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.13. The company issued revenue guidance of $2.1 billion, compared to the consensus revenue estimate of $2.09 billion.

Shares of Woodward, Inc. (NASDAQ WWD) traded down 0.07% on Thursday, hitting $69.67. The stock had a trading volume of 261,906 shares. The firm’s 50 day moving average is $68.78 and its 200-day moving average is $68.69. Woodward, Inc. has a one year low of $57.02 and a one year high of $72.97. The stock has a market capitalization of $4.27 billion, a PE ratio of 21.91 and a beta of 1.21.

Woodward (NASDAQ:WWD) last posted its quarterly earnings results on Monday, July 24th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.76 by $0.09. Woodward had a return on equity of 16.12% and a net margin of 9.67%. The company had revenue of $548.62 million during the quarter, compared to analysts’ expectations of $530.89 million. During the same quarter in the previous year, the business earned $0.81 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that Woodward, Inc. will post $3.10 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, August 18th. Woodward’s payout ratio is currently 15.77%.

A number of brokerages have recently issued reports on WWD. Wood & Company reiterated a buy rating and set a $80.00 target price on shares of Woodward in a report on Tuesday, July 25th. BidaskClub cut Woodward from a hold rating to a sell rating in a report on Monday, July 24th. CIBC began coverage on Woodward in a report on Friday, July 14th. They set an outperform rating and a $82.00 target price for the company. Oppenheimer Holdings, Inc. assumed coverage on Woodward in a report on Friday, July 14th. They set an outperform rating and a $82.00 target price for the company. Finally, CL King assumed coverage on Woodward in a report on Thursday, June 22nd. They issued a buy rating and a $79.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $73.89.

In other Woodward news, CFO Robert F. Weber, Jr. sold 7,500 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $66.49, for a total value of $498,675.00. Following the sale, the chief financial officer now directly owns 34,053 shares of the company’s stock, valued at $2,264,183.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.93% of the company’s stock.

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About Woodward

Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.