Woodward, Inc. (NASDAQ:WWD) Updates FY17 Earnings Guidance
Woodward, Inc. (NASDAQ:WWD) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.05-3.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.13. The company issued revenue guidance of $2.1 billion, compared to the consensus revenue estimate of $2.09 billion.
Woodward, Inc. (NASDAQ WWD) traded up 0.48% during mid-day trading on Monday, reaching $68.88. 403,542 shares of the company traded hands. The stock has a market capitalization of $4.22 billion, a PE ratio of 21.99 and a beta of 1.20. The stock has a 50-day moving average of $68.71 and a 200 day moving average of $68.65. Woodward, Inc. has a 52-week low of $57.02 and a 52-week high of $72.28.
A number of equities analysts have weighed in on the stock. CL King assumed coverage on shares of Woodward in a research note on Thursday, June 22nd. They set a buy rating and a $79.00 price target on the stock. Oppenheimer Holdings, Inc. assumed coverage on shares of Woodward in a research note on Friday, July 14th. They issued an outperform rating and a $82.00 target price on the stock. Zacks Investment Research raised shares of Woodward from a sell rating to a hold rating in a research note on Tuesday, June 20th. Cowen and Company reissued a market perform rating and issued a $62.00 target price (up previously from $58.00) on shares of Woodward in a research note on Friday, April 21st. Finally, BidaskClub downgraded shares of Woodward from a buy rating to a hold rating in a research note on Tuesday, June 20th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Woodward has an average rating of Hold and a consensus target price of $74.11.
In other Woodward news, Director Mary L. Petrovich purchased 7,300 shares of the firm’s stock in a transaction dated Thursday, April 27th. The stock was acquired at an average cost of $68.35 per share, with a total value of $498,955.00. Following the acquisition, the director now owns 22,204 shares of the company’s stock, valued at approximately $1,517,643.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Robert F. Weber, Jr. sold 7,500 shares of Woodward stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $66.49, for a total transaction of $498,675.00. Following the completion of the transaction, the chief financial officer now directly owns 34,053 shares of the company’s stock, valued at $2,264,183.97. The disclosure for this sale can be found here. 5.93% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/07/24/woodward-inc-nasdaqwwd-updates-fy17-earnings-guidance.html.
Woodward Company Profile
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
Receive News & Ratings for Woodward Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woodward Inc. and related companies with MarketBeat.com's FREE daily email newsletter.