In a report published Wednesday, D.A. Davidson & Co. reiterated its Buy rating and $50.00 price target on Woodward WWD.
D.A. Davidson noted, “Woodward reported EPS of $0.39, below our estimate of $0.51 and the Street mean of $0.46. EPS benefitted from a ~$0.02 tax rate tailwind. Additionally one-time expenses associated with an acquisition were also ~$0.02 ($1.7 million). Revenues were roughly flat year-over-year at $408 million vs. our estimate of $475 million and the Street mean of $434 million. Gross margins fell 120bp year-over-year and 150bp sequentially to 29.1%. Free cash flow for the quarter was $10 million or ~$0.14 per share as capex increased to support future growth.”
Woodward closed on Tuesday at $39.18.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in