Woodward (WWD) Releases FY18 Earnings Guidance

Woodward (NASDAQ:WWD) updated its FY18 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $3.35-3.60 for the period, compared to the Thomson Reuters consensus estimate of $3.37. The company issued revenue guidance of $2.2-2.3 billion, compared to the consensus revenue estimate of $2.23 billion.

A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of Woodward from a sell rating to a hold rating in a research note on Tuesday, January 9th. Zacks Investment Research downgraded shares of Woodward from a hold rating to a sell rating in a report on Sunday. Cowen reiterated a hold rating and issued a $62.00 price target on shares of Woodward in a report on Sunday, December 10th. Wood & Company downgraded shares of Woodward from an outperform rating to a market perform rating in a report on Thursday, October 26th. Finally, SunTrust Banks lifted their price target on shares of Woodward to $77.00 and gave the company a hold rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and an average target price of $79.25.

Shares of Woodward (NASDAQ WWD) traded up $1.17 during midday trading on Monday, reaching $80.50. 459,300 shares of the company’s stock were exchanged, compared to its average volume of 371,285. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.28 and a current ratio of 2.39. The company has a market cap of $4,960.00, a P/E ratio of 25.47, a P/E/G ratio of 1.98 and a beta of 1.24. Woodward has a one year low of $65.22 and a one year high of $84.23.

Woodward (NASDAQ:WWD) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $606.79 million for the quarter, compared to the consensus estimate of $596.99 million. Woodward had a net margin of 9.55% and a return on equity of 15.55%. Woodward’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. equities analysts anticipate that Woodward will post 3.39 earnings per share for the current fiscal year.

In other Woodward news, Director Mary L. Petrovich sold 5,700 shares of Woodward stock in a transaction on Monday, November 13th. The shares were sold at an average price of $79.69, for a total value of $454,233.00. Following the sale, the director now directly owns 27,904 shares in the company, valued at approximately $2,223,669.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.17% of the company’s stock.

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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.

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