Woodward Inc (WWD) Releases Earnings Results, Beats Expectations By $0.05 EPS

Woodward Inc (WWD) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $0.81 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.76. The company posted revenue of $508.00 million in the period, compared to analysts expectations of $520.18 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Woodward Inc. Company shares were Reiterated by Maxim Group on Jul 15, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $60 .

Woodward Inc closed down -0.44 points or -0.74% at $59.37 with 3,03,660 shares getting traded on Monday. Post opening the session at $59.77, the shares hit an intraday low of $59.36 and an intraday high of $60.2458 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on May 3, 2016, Thomas A Gendron (President and CEO) sold 74,000 shares at $54.52 per share price. According to the SEC, on Apr 29, 2016, Robert F Jr Weber (CFO & Treasurer) sold 18,700 shares at $54.89 per share price. On Apr 29, 2016, James D Rudolph (President, Ind. Turb. Systems) sold 16,500 shares at $54.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Woodward Inc. is a designer manufacturer and service provider of energy controls and optimization solutions. The Company has production and assembly facilities in the United States Europe and Asia and promotes its products and services through its worldwide locations. The Company’s is engaged in providing energy control and optimization solutions for the aerospace and energy markets. The Company focuses primarily on original equipment manufacturers (OEMs) and equipment packagers partnering with them to bring component and system solutions to their demanding applications. The Company operates in two segments: Aerospace and Energy. The Company also provides aftermarket repair replacement and other service support for its installed products.

Woodward Inc

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