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.

Shares of Woodward stock traded down $1.39 during midday trading on Thursday, hitting $114.79. 133,031 shares of the company were exchanged, compared to its average volume of 271,565. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.24 and a quick ratio of 2.98. 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. Woodward has a 52 week low of $103.02 and a 52 week high of $130.75. The firm has a 50 day simple moving average of $115.52 and a 200-day simple moving average of $118.99.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 29th. Shareholders of record on Monday, November 15th will be given a $0.1625 dividend. This is an increase from Woodward’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, November 12th. This represents a $0.65 annualized dividend and a yield of 0.57%. Woodward’s payout ratio is presently 19.64%.

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

In other news, insider Terence J. Voskuil sold 2,100 shares of Woodward 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 can be accessed through the SEC website. 3.81% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in Woodward stock. Morgan Stanley raised its holdings in Woodward, Inc. (NASDAQ:WWD) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,126 shares of the technology company’s stock after acquiring 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 79.27% of the company’s stock.

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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