Woodward Reports First Quarter Fiscal Year 2019 Results

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Woodward (WWD) PT Raised to $87 at Cowen

January 29, 2019 9:45 AM EST

Cowen analyst Gautam Khanna raised the price target on Woodward (NASDAQ: WWD) to $87.00 (from $78.00) while maintaining a Market Perform rating following results.

The analyst said the strong start suggest Street numbers have upside.

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Woodward (WWD) Tops Q1 EPS by 21c, Revenues Beat; Offers FY19 EPS/Revenue Guidance

January 28, 2019 4:07 PM EST

Woodward (NASDAQ: WWD) reported Q1 EPS of $0.96, $0.21 better than the analyst estimate of $0.75. Revenue for the quarter came in at $653 million versus the consensus estimate of $577.84 million.

Net sales were $653 million, up 39 percent. Organic net sales1 were $565 million, up 20 percent.Earnings per... More