Woodward (NASDAQ:WWD) posted its quarterly earnings results on Sunday. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.24, MarketWatch Earnings reports. The business had revenue of $581.32 million during the quarter, compared to analyst estimates of $573.50 million. Woodward had a return on equity of 15.51% and a net margin of 9.25%. The business’s revenue was down 19.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.61 earnings per share.

NASDAQ:WWD traded up $2.48 during trading hours on Tuesday, reaching $127.02. 578,567 shares of the stock were exchanged, compared to its average volume of 265,777. The company has a quick ratio of 1.36, a current ratio of 2.31 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average of $122.66 and a two-hundred day moving average of $114.40. Woodward has a twelve month low of $50.50 and a twelve month high of $130.00. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.84 and a beta of 1.51.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 1st. Shareholders of record on Tuesday, May 18th will be paid a dividend of $0.162 per share. This represents a $0.65 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Monday, May 17th. Woodward’s dividend payout ratio (DPR) is 13.32%.

In other news, CEO Thomas A. Gendron sold 47,307 shares of the stock in a transaction on Thursday, February 25th. The stock was sold at an average price of $122.40, for a total value of $5,790,376.80. Following the sale, the chief executive officer now directly owns 50,702 shares in the company, valued at $6,205,924.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas A. Gendron sold 16,828 shares of the stock in a transaction on Monday, March 1st. The shares were sold at an average price of $118.32, for a total value of $1,991,088.96. Following the completion of the sale, the chief executive officer now owns 22,615 shares in the company, valued at $2,675,806.80. The disclosure for this sale can be found here. Insiders have sold 213,604 shares of company stock worth $25,151,523 over the last 90 days. 4.20% of the stock is owned by insiders.

WWD has been the subject of several analyst reports. Credit Suisse Group increased their price objective on Woodward from $147.00 to $151.00 and gave the stock an “outperform” rating in a research report on Tuesday. Truist increased their price objective on Woodward from $108.00 to $118.00 in a research report on Tuesday. Finally, Truist Securities increased their price objective on Woodward from $108.00 to $118.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $104.00.

About Woodward

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment offers 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, servo controls, and motors and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.

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Earnings History for Woodward (NASDAQ:WWD)

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