Jefferies Raises Price Target on Woodward (WWD) to $62 Following 4Q Report
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Woodward Reports Fiscal Year 2016 Results and Fiscal Year 2017 Outlook
November 14, 2016 4:05 PM ESTFORT COLLINS, Colo., Nov. 14, 2016 (GLOBE NEWSWIRE) -- Woodward, Inc. (NASDAQ: WWD) today reported financial results for its 2016 fiscal year and fourth quarter ending September 30, 2016. (All per share amounts are presented on a fully diluted basis.)
Fiscal 2016 Highlights
Net sales for fiscal 2016 were $2.02 billion, a decrease of 1 percent compared to $2.04 billion in the prior year. Aerospace segment net sales were up 6 percent and Industrial segment net sales were down 10 percent. On a constant currency rate basis1, net sales for 2016 would have been consistent... More
