Woodward, Inc.Common Stock (NASDAQ:WWD) Releases FY20 Earnings Guidance

Woodward, Inc.Common Stock (NASDAQ:WWD) updated its FY20 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $5.30-5.60 for the period, compared to the Thomson Reuters consensus estimate of $5.50. The company issued revenue guidance of $3.00-3.10 billion, compared to the consensus revenue estimate of $3.09 billion.

Several brokerages recently weighed in on WWD. ValuEngine downgraded shares of Woodward, Inc.Common Stock from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Barrington Research set a $119.00 price target on shares of Woodward, Inc.Common Stock and gave the stock a buy rating in a report on Monday, October 21st. BidaskClub upgraded shares of Woodward, Inc.Common Stock from a sell rating to a hold rating in a report on Friday. Finally, Wood & Company reiterated a sell rating on shares of Woodward, Inc.Common Stock in a report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Woodward, Inc.Common Stock presently has an average rating of Hold and an average target price of $106.75.

NASDAQ WWD traded down $1.14 on Monday, hitting $113.60. 386,300 shares of the stock were exchanged, compared to its average volume of 389,860. The company has a quick ratio of 1.19, a current ratio of 2.02 and a debt-to-equity ratio of 0.59. Woodward, Inc.Common Stock has a fifty-two week low of $68.40 and a fifty-two week high of $119.20. The company has a market cap of $7.05 billion, a PE ratio of 29.51, a PEG ratio of 1.60 and a beta of 1.30. The company has a 50-day moving average price of $108.35 and a 200-day moving average price of $109.97.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.162 per share. This represents a $0.65 annualized dividend and a yield of 0.57%. The ex-dividend date is Friday, November 15th. Woodward, Inc.Common Stock’s dividend payout ratio (DPR) is presently 16.88%.

In other Woodward, Inc.Common Stock news, CFO Robert F. Weber, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $108.32, for a total transaction of $1,083,200.00. Following the completion of the transaction, the chief financial officer now owns 36,553 shares in the company, valued at approximately $3,959,420.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.61% of the company’s stock.

About Woodward, Inc.Common Stock

Woodward, Inc designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company's 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, 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.

Further Reading: Outstanding Shares and The Effect on Share Price

Earnings History and Estimates for Woodward, Inc.Common Stock (NASDAQ:WWD)

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