Woodward (NASDAQ:WWD) Issues FY22 Earnings Guidance

Woodward (NASDAQ:WWDGet Rating) issued an update on its FY22 earnings guidance on Monday morning. The company provided EPS guidance of $3.20-3.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.70. The company issued revenue guidance of $2.40-2.55 billion, compared to the consensus revenue estimate of $2.48 billion.

NASDAQ WWD traded down $0.94 on Thursday, reaching $105.83. 1,553 shares of the company were exchanged, compared to its average volume of 426,108. The business’s fifty day moving average price is $119.73 and its 200 day moving average price is $115.11. The stock has a market capitalization of $6.68 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 2.17 and a beta of 1.50. The company has a current ratio of 4.39, a quick ratio of 3.02 and a debt-to-equity ratio of 0.33. Woodward has a fifty-two week low of $100.00 and a fifty-two week high of $130.75.

Woodward (NASDAQ:WWDGet Rating) last released its quarterly earnings data on Monday, May 2nd. The technology company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.14). Woodward had a return on equity of 8.38% and a net margin of 7.85%. During the same period last year, the business posted $1.04 EPS. Equities research analysts forecast that Woodward will post 3.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 17th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Monday, May 16th. Woodward’s dividend payout ratio (DPR) is currently 28.04%.

WWD has been the topic of a number of recent research reports. TheStreet lowered Woodward from a b rating to a c+ rating in a research note on Monday, January 31st. StockNews.com began coverage on Woodward in a research report on Thursday, March 31st. They issued a hold rating on the stock. Jefferies Financial Group lifted their target price on Woodward from $130.00 to $135.00 and gave the company a buy rating in a research report on Thursday, March 10th. Cowen cut their price objective on Woodward from $130.00 to $125.00 in a report on Tuesday. Finally, William Blair reiterated an outperform rating on shares of Woodward in a report on Thursday, March 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $125.89.

In other news, CEO Thomas A. Gendron sold 70,895 shares of the company’s stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $122.19, for a total transaction of $8,662,660.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in WWD. Walleye Trading LLC boosted its position in shares of Woodward by 74.4% in the 4th quarter. Walleye Trading LLC now owns 3,994 shares of the technology company’s stock valued at $437,000 after purchasing an additional 1,704 shares during the period. Glenmede Trust Co. NA boosted its position in shares of Woodward by 15.7% in the 4th quarter. Glenmede Trust Co. NA now owns 2,621 shares of the technology company’s stock valued at $286,000 after purchasing an additional 356 shares during the period. Metropolitan Life Insurance Co NY boosted its position in shares of Woodward by 7.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 11,168 shares of the technology company’s stock valued at $1,222,000 after purchasing an additional 820 shares during the period. Stifel Financial Corp boosted its position in shares of Woodward by 1.5% in the 4th quarter. Stifel Financial Corp now owns 12,806 shares of the technology company’s stock valued at $1,402,000 after purchasing an additional 192 shares during the period. Finally, MML Investors Services LLC raised its stake in Woodward by 3.7% during the 4th quarter. MML Investors Services LLC now owns 7,776 shares of the technology company’s stock valued at $851,000 after acquiring an additional 277 shares during the last quarter. 80.05% of the stock is owned by institutional investors and hedge funds.

About Woodward (Get Rating)

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates through 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.

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Earnings History and Estimates for Woodward (NASDAQ:WWD)

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