Woodward, Inc. (WWD) Issues FY17 Earnings Guidance

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

Woodward, Inc. (NASDAQ WWD) traded up 0.97% during mid-day trading on Friday, reaching $67.86. The company’s stock had a trading volume of 325,962 shares. Woodward, Inc. has a 52 week low of $57.09 and a 52 week high of $72.97. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 21.34 and a beta of 1.21. The company’s 50-day moving average price is $69.14 and its 200 day moving average price is $68.78.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors 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 yield of 0.74%. The ex-dividend date of this dividend is Friday, August 18th. Woodward’s payout ratio is 15.77%.

A number of research firms recently weighed in on WWD. BidaskClub lowered shares of Woodward from a buy rating to a hold rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Woodward from a sell rating to a hold rating in a research note on Tuesday, June 20th. Wood & Company reiterated a buy rating and set a $80.00 price objective on shares of Woodward in a research note on Tuesday, July 25th. CIBC began coverage on shares of Woodward in a research note on Friday, July 14th. They set an outperform rating and a $82.00 price objective on the stock. Finally, Oppenheimer Holdings, Inc. began coverage on shares of Woodward in a research note on Friday, July 14th. They set an outperform rating and a $82.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $73.89.

In related news, Director Paul Donovan sold 5,700 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $70.55, for a total value of $402,135.00. Following the sale, the director now owns 39,052 shares of the company’s stock, valued at approximately $2,755,118.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John A. Halbrook sold 8,700 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $70.02, for a total transaction of $609,174.00. Following the completion of the sale, the director now directly owns 350,521 shares in the company, valued at approximately $24,543,480.42. The disclosure for this sale can be found here. 5.93% of the stock is owned by company insiders.

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Woodward Company Profile

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.

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