Woodward (NASDAQ:WWD) Updates FY25 Earnings Guidance

Woodward (NASDAQ:WWD) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share guidance of $5.75-$6.25 for the period, compared to the consensus earnings per share estimate of $5.85. The company issued revenue guidance of $3.30-$3.50 billion, compared to the consensus revenue estimate of $3.38 billion.

Woodward Trading Up 1.8 %

Shares of NASDAQ WWD traded up $3.24 during midday trading on Monday, reaching $179.29. The company had a trading volume of 1,016,683 shares, compared to its average volume of 424,958. The firm’s fifty day moving average price is $167.82 and its 200-day moving average price is $170.87. Woodward has a one year low of $129.46 and a one year high of $188.35. The company has a quick ratio of 1.29, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The stock has a market cap of $10.70 billion, a PE ratio of 29.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.38.

Woodward Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Thursday, November 21st. Woodward’s dividend payout ratio (DPR) is presently 16.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price target on Woodward from $228.00 to $201.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Truist Financial raised shares of Woodward from a “hold” rating to a “buy” rating and upped their price target for the stock from $152.00 to $187.00 in a research report on Wednesday, August 21st. Jefferies Financial Group upgraded Woodward from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $170.00 to $190.00 in a report on Wednesday, July 31st. TD Cowen reissued a “hold” rating and issued a $160.00 price target (down from $186.00) on shares of Woodward in a research report on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Woodward from $158.00 to $162.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Woodward has a consensus rating of “Hold” and an average target price of $174.67.

Insider Activity

In other news, COO Thomas G. Cromwell sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $174.50, for a total value of $1,745,000.00. Following the sale, the chief operating officer now directly owns 11,511 shares of the company’s stock, valued at $2,008,669.50. This represents a 46.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 27,913 shares of company stock valued at $4,907,304 in the last 90 days. Insiders own 1.12% of the company’s stock.

Woodward Company Profile

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 provides 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, servocontrols, motors, and sensors for aircraft.