Woodward, Inc.Common Stock (WWD) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Woodward, Inc.Common Stock (NASDAQ:WWD) announced its quarterly earnings data on Wednesday. The technology company reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.08, Briefing.com reports. Woodward, Inc.Common Stock had a net margin of 7.59% and a return on equity of 15.40%. The business had revenue of $719.40 million for the quarter, compared to analyst estimates of $689.01 million. During the same period in the prior year, the business posted $0.98 earnings per share. Woodward, Inc.Common Stock’s revenue was up 18.6% compared to the same quarter last year. Woodward, Inc.Common Stock updated its FY19 guidance to $4.40-$4.70 EPS.

Shares of WWD stock opened at $84.04 on Friday. The company has a quick ratio of 1.01, a current ratio of 2.11 and a debt-to-equity ratio of 0.83. Woodward, Inc.Common Stock has a 12-month low of $68.56 and a 12-month high of $89.30. The firm has a market cap of $4.82 billion, a PE ratio of 21.83, a P/E/G ratio of 1.40 and a beta of 1.32.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th will be issued a $0.1425 dividend. The ex-dividend date of this dividend is Friday, November 9th. This is a positive change from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 0.68%. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is 14.81%.

In other news, VP Christopher Fawzy sold 6,000 shares of the stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $80.55, for a total transaction of $483,300.00. Following the completion of the sale, the vice president now owns 9,506 shares of the company’s stock, valued at $765,708.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary L. Petrovich sold 3,800 shares of the stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $79.78, for a total transaction of $303,164.00. Following the sale, the director now directly owns 25,326 shares of the company’s stock, valued at approximately $2,020,508.28. The disclosure for this sale can be found here. Insiders have sold 29,800 shares of company stock valued at $2,377,942 in the last three months. 6.17% of the stock is owned by insiders.

Several brokerages recently weighed in on WWD. Barrington Research restated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Wednesday, August 1st. Zacks Investment Research upgraded shares of Woodward, Inc.Common Stock from a “sell” rating to a “hold” rating and set a $91.00 target price on the stock in a report on Monday, July 23rd. Wood & Company reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Thursday. Credit Suisse Group increased their target price on shares of Woodward, Inc.Common Stock from $78.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, BidaskClub lowered shares of Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 4th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Woodward, Inc.Common Stock currently has an average rating of “Hold” and a consensus target price of $84.75.

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Woodward, Inc.Common Stock Company Profile

Woodward, Inc designs, manufactures, and services energy control and optimization solutions for the aerospace and industrial markets worldwide. Its 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 that are used on commercial and private aircrafts and rotorcrafts, as well as in military fixed-wing aircrafts and rotorcrafts, weapons, and defense systems.

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Earnings History for Woodward, Inc.Common Stock (NASDAQ:WWD)

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