Woodward (WWD) Getting Somewhat Favorable News Coverage, Analysis Shows
Media coverage about Woodward (NASDAQ:WWD) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Woodward earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.1986208980762 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Woodward, Inc. breached its 50 day moving average in a Bullish Manner : WWD-US : July 17, 2017 (finance.yahoo.com)
- Woodward, Inc. (WWD) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- $533.16 Million in Sales Expected for Woodward, Inc. (NASDAQ:WWD) This Quarter (americanbankingnews.com)
- Star Players Likely to Return as Cricket West Indies Opts For Truce (wobko.net)
- Brokers Change Their Target Price On JinkoSolar Holding Company Limited (NYSE:JKS) (healthcaremenu.net)
A number of equities research analysts have recently issued reports on the stock. CIBC assumed coverage on shares of Woodward in a research note on Friday. They issued an “outperform” rating and a $82.00 target price on the stock. Stephens assumed coverage on shares of Woodward in a research note on Thursday, April 13th. They issued an “overweight” rating and a $82.00 target price on the stock. Oppenheimer Holdings, Inc. assumed coverage on shares of Woodward in a research note on Friday. They issued an “outperform” rating and a $82.00 target price on the stock. Zacks Investment Research upgraded shares of Woodward from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, CL King assumed coverage on shares of Woodward in a research note on Thursday, June 22nd. They issued a “buy” rating and a $79.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Woodward has an average rating of “Hold” and a consensus target price of $74.11.
Shares of Woodward (NASDAQ:WWD) opened at 68.71 on Tuesday. The company’s 50-day moving average is $68.38 and its 200 day moving average is $68.82. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 21.94 and a beta of 1.20. Woodward has a 1-year low of $57.02 and a 1-year high of $72.28.
Woodward (NASDAQ:WWD) last released its quarterly earnings data on Wednesday, April 19th. The technology company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by $0.06. The business had revenue of $500.40 million for the quarter, compared to the consensus estimate of $498.56 million. Woodward had a return on equity of 16.41% and a net margin of 9.74%. Woodward’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 earnings per share. On average, equities research analysts expect that Woodward will post $3.11 EPS for the current fiscal year.
In other news, Director Mary L. Petrovich purchased 7,300 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The stock was purchased at an average cost of $68.35 per share, with a total value of $498,955.00. Following the acquisition, the director now directly owns 22,204 shares of the company’s stock, valued at approximately $1,517,643.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert F. Weber, Jr. sold 7,500 shares of Woodward stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $66.49, for a total transaction of $498,675.00. Following the transaction, the chief financial officer now directly owns 34,053 shares of the company’s stock, valued at $2,264,183.97. The disclosure for this sale can be found here. 5.93% of the stock is currently owned by company insiders.
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Woodward Company Profile
Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions. The Company designs, produces and services energy control products for various applications. The Company’s segments include Aerospace and Industrial. The Company’s Aerospace segment designs, manufactures and services systems and products for the management of fuel, air, combustion and motion control.
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