Equities Analysts Offer Predictions for Woodward, Inc.’s Q1 2022 Earnings (NASDAQ:WWD)

Woodward, Inc. (NASDAQ:WWD) – Research analysts at Jefferies Financial Group issued their Q1 2022 EPS estimates for shares of Woodward in a research report issued on Tuesday, November 23rd. Jefferies Financial Group analyst S. Kahyaoglu expects that the technology company will post earnings per share of $0.89 for the quarter. Jefferies Financial Group also issued estimates for Woodward’s Q2 2022 earnings at $1.07 EPS, Q3 2022 earnings at $1.00 EPS, Q4 2022 earnings at $1.05 EPS, FY2022 earnings at $3.95 EPS, FY2023 earnings at $4.70 EPS and FY2024 earnings at $5.15 EPS.

Woodward (NASDAQ:WWD) last released its quarterly earnings results on Thursday, November 18th. The technology company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). Woodward had a return on equity of 9.86% and a net margin of 9.79%. The firm had revenue of $570.00 million for the quarter, compared to analyst estimates of $596.76 million. During the same period last year, the firm earned $0.75 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year.

Other research analysts also recently issued research reports about the stock. Credit Suisse Group cut their target price on shares of Woodward from $151.00 to $138.00 and set an “outperform” rating for the company in a research note on Tuesday, August 3rd. The Goldman Sachs Group downgraded shares of Woodward from a “neutral” rating to a “sell” rating and set a $102.00 target price for the company. in a research note on Thursday, September 23rd. Barclays lowered their price target on Woodward from $130.00 to $125.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Zacks Investment Research upgraded Woodward from a “sell” rating to a “hold” rating and set a $121.00 price target for the company in a report on Monday, October 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $121.71.

Shares of WWD stock opened at $114.79 on Wednesday. The firm has a 50-day moving average price of $115.52 and a 200 day moving average price of $118.99. Woodward has a twelve month low of $103.02 and a twelve month high of $130.75. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 2.15 and a beta of 1.66. The company has a current ratio of 4.24, a quick ratio of 2.98 and a debt-to-equity ratio of 0.34.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 29th. Shareholders of record on Monday, November 15th will be issued a $0.1625 dividend. This is a boost from Woodward’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, November 12th. This represents a $0.65 annualized dividend and a yield of 0.57%. Woodward’s payout ratio is 19.64%.

In other news, insider Terence J. Voskuil sold 2,100 shares of the business’s stock in a transaction dated Thursday, September 2nd. The stock was sold at an average price of $22.04, for a total transaction of $46,284.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.81% of the stock is owned by insiders.

Several large investors have recently modified their holdings of WWD. Principal Financial Group Inc. boosted its holdings in Woodward by 1.2% in the 2nd quarter. Principal Financial Group Inc. now owns 203,854 shares of the technology company’s stock worth $25,049,000 after acquiring an additional 2,471 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Woodward by 6.6% in the 3rd quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the technology company’s stock worth $1,834,000 after acquiring an additional 1,000 shares during the period. Federated Hermes Inc. boosted its holdings in Woodward by 8.3% in the 2nd quarter. Federated Hermes Inc. now owns 643,399 shares of the technology company’s stock worth $79,061,000 after acquiring an additional 49,473 shares during the period. Renaissance Technologies LLC purchased a new position in Woodward in the 2nd quarter worth approximately $4,825,000. Finally, New Mexico Educational Retirement Board boosted its holdings in Woodward by 19.6% in the 2nd quarter. New Mexico Educational Retirement Board now owns 12,200 shares of the technology company’s stock worth $1,499,000 after acquiring an additional 2,000 shares during the period. Institutional investors and hedge funds own 79.27% of the company’s stock.

About Woodward

Woodward, Inc engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the following segments: Aerospace and Industrial. The Aerospace segment designs, manufactures and services systems and products for the management of fuel, air and combustion and motion control.

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Earnings History and Estimates for Woodward (NASDAQ:WWD)

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