Woodward, Inc. (NASDAQ:WWD) Given Price Target Of $62.75


As per Woodward, Inc. (NASDAQ:WWD)’s news release on 2016-07-26, its shareholders will get cash dividend of $0.11 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-15 and 2016-08-29, respectively.

The stock will commence trading ex-dividend from 2016-08-11, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Woodward, Inc. (NASDAQ:WWD) disbursed $0.11 in dividend compared to distribution of $0.11, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 18.75%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Woodward, Inc. (NASDAQ:WWD) to attain a price target of $62.75. It is an average estimate figure given by 4 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $70. The low price range is set at $54 for next year while the arithmetic mean is seen at 1.86.

Eyeing Earnings Woodward, Inc. (NASDAQ:WWD) is likely to post quarterly numbers around 2016-11-14 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.9 for the period ending on 2016-09-30.

In last quarter ended 2015-09-30, Woodward, Inc. (NASDAQ:WWD) earnings came at $0.81 suggesting a deviation of $0.05. The brokerages targeted EPS of $0.76 for the quarter.

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