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

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

Shares of NASDAQ:WWD traded up $5.47 on Thursday, reaching $84.04. The company’s stock had a trading volume of 621,905 shares, compared to its average volume of 358,464. Woodward, Inc.Common Stock has a 52-week low of $68.56 and a 52-week high of $89.30. The stock has a market capitalization of $4.82 billion, a P/E ratio of 26.59, a PEG ratio of 1.40 and a beta of 1.32. The company has a quick ratio of 1.01, a current ratio of 2.11 and a debt-to-equity ratio of 0.83.

The business also recently declared 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. This is an increase from Woodward, Inc.Common Stock’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, November 9th. Woodward, Inc.Common Stock’s payout ratio is currently 18.04%.

A number of analysts have issued reports on WWD shares. BidaskClub downgraded shares of Woodward, Inc.Common Stock from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 4th. Wood & Company reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Thursday. Credit Suisse Group lifted their price target on shares of Woodward, Inc.Common Stock from $78.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday. Barrington Research reiterated a “hold” rating on shares of Woodward, Inc.Common Stock in a report on Friday, July 13th. Finally, ValuEngine upgraded shares of Woodward, Inc.Common Stock from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $82.86.

In other Woodward, Inc.Common Stock news, Director Mary L. Petrovich sold 3,800 shares of Woodward, Inc.Common Stock stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $79.78, for a total value of $303,164.00. Following the completion of the transaction, the director now directly owns 25,326 shares of the company’s stock, valued at approximately $2,020,508.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert F. Weber, Jr. sold 10,865 shares of Woodward, Inc.Common Stock stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $79.14, for a total transaction of $859,856.10. Following the completion of the transaction, the chief financial officer now directly owns 35,688 shares of the company’s stock, valued at $2,824,348.32. The disclosure for this sale can be found here. Insiders sold a total of 29,800 shares of company stock valued at $2,377,942 over the last three months. Corporate insiders own 6.17% of the company’s stock.

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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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