FY2022 EPS Estimates for Woodward, Inc. (NASDAQ:WWD) Lowered by Analyst

Woodward, Inc. (NASDAQ:WWDGet Rating) – Equities researchers at Jefferies Financial Group decreased their FY2022 EPS estimates for shares of Woodward in a research report issued to clients and investors on Monday, May 2nd. Jefferies Financial Group analyst S. Kahyaoglu now anticipates that the technology company will post earnings of $3.00 per share for the year, down from their previous estimate of $3.60. Jefferies Financial Group currently has a “Buy” rating and a $135.00 target price on the stock. Jefferies Financial Group also issued estimates for Woodward’s Q4 2022 earnings at $0.78 EPS.

Other research analysts have also issued reports about the company. William Blair reaffirmed an “outperform” rating on shares of Woodward in a report on Thursday, March 10th. Cowen reduced their target price on Woodward from $130.00 to $125.00 in a report on Tuesday. TheStreet downgraded Woodward from a “b” rating to a “c+” rating in a report on Monday, January 31st. Truist Financial reduced their target price on Woodward from $143.00 to $138.00 in a report on Tuesday. Finally, Zacks Investment Research raised Woodward from a “sell” rating to a “hold” rating and set a $115.00 target price on the stock in a report on Wednesday, February 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $125.89.

Shares of NASDAQ WWD opened at $106.77 on Thursday. The firm has a market cap of $6.74 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 2.18 and a beta of 1.50. The business’s 50 day moving average is $119.73 and its 200-day moving average is $115.11. The company has a current ratio of 4.39, a quick ratio of 3.02 and a debt-to-equity ratio of 0.33. Woodward has a 1-year low of $100.00 and a 1-year high of $130.75.

Woodward (NASDAQ:WWDGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The technology company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.14). Woodward had a net margin of 8.77% and a return on equity of 9.44%. During the same quarter last year, the business posted $1.04 earnings per share.

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC acquired a new position in Woodward during the 4th quarter worth about $26,000. Sageworth Trust Co of South Dakota acquired a new position in Woodward during the 4th quarter worth about $26,000. Quent Capital LLC acquired a new position in Woodward during the 4th quarter worth about $29,000. Manchester Capital Management LLC bought a new position in shares of Woodward in the 3rd quarter worth about $31,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of Woodward by 43.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 315 shares of the technology company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. 80.05% of the stock is currently owned by hedge funds and other institutional investors.

In other Woodward news, CEO Thomas A. Gendron sold 70,895 shares of Woodward stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $122.19, for a total transaction of $8,662,660.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.90% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Tuesday, May 17th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Monday, May 16th. Woodward’s dividend payout ratio (DPR) is 28.04%.

About Woodward (Get Rating)

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

See Also

Earnings History and Estimates for Woodward (NASDAQ:WWD)

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