Woodward (NASDAQ:WWD) Releases FY 2022 Earnings Guidance

Woodward (NASDAQ:WWD) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.550-$3.950 for the period, compared to the Thomson Reuters consensus estimate of $3.990. The company issued revenue guidance of $2.45 billion-$2.65 billion, compared to the consensus revenue estimate of $2.54 billion.

WWD traded down $1.39 during midday trading on Thursday, hitting $114.79. The company’s stock had a trading volume of 133,031 shares, compared to its average volume of 271,565. The company has a current ratio of 4.24, a quick ratio of 2.98 and a debt-to-equity ratio of 0.34. The firm has a market cap of $7.30 billion, a P/E ratio of 34.68, a PEG ratio of 2.15 and a beta of 1.66. The firm has a 50-day moving average price of $115.52 and a two-hundred day moving average price of $118.99. Woodward has a 52-week low of $103.02 and a 52-week high of $130.75.

Woodward (NASDAQ:WWD) last issued its earnings results on Thursday, November 18th. The technology company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.04). Woodward had a return on equity of 9.86% and a net margin of 9.79%. The firm had revenue of $570.00 million for the quarter, compared to analysts’ expectations of $596.76 million. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts expect that Woodward will post 3.3 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 29th. Shareholders of record on Monday, November 15th will be issued a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, November 12th. This is a boost from Woodward’s previous quarterly dividend of $0.16. Woodward’s dividend payout ratio is currently 19.64%.

A number of equities analysts have issued reports on WWD shares. The Goldman Sachs Group lowered Woodward from a neutral rating to a sell rating and set a $102.00 target price on the stock. in a research report on Thursday, September 23rd. Credit Suisse Group cut their target price on Woodward from $151.00 to $138.00 and set an outperform rating on the stock in a research report on Tuesday, August 3rd. Zacks Investment Research raised Woodward from a sell rating to a hold rating and set a $121.00 target price on the stock in a research report on Monday, October 11th. Finally, Barclays cut their target price on Woodward from $130.00 to $125.00 and set an equal weight rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Woodward has a consensus rating of Hold and an average price target of $121.71.

In other news, insider Terence J. Voskuil sold 2,100 shares of the stock in a transaction on Thursday, September 2nd. The stock was sold at an average price of $22.04, for a total value of $46,284.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.81% of the company’s stock.

A hedge fund recently raised its stake in Woodward stock. Morgan Stanley grew its stake in shares of Woodward, Inc. (NASDAQ:WWD) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,126 shares of the technology company’s stock after purchasing an additional 6,896 shares during the period. Morgan Stanley owned about 0.11% of Woodward worth $8,249,000 as of its most recent SEC filing. 79.27% of the stock is currently owned by institutional investors.

Woodward Company Profile

Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.

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Earnings History and Estimates for Woodward (NASDAQ:WWD)

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