Woodward hits record high after upbeat Q4 results, FY25 forecast

Woodward

26/11/2024 15:52

(Updates)
    ** Shares of aerospace and industrial equipment firm
Woodward  WWD.O  jump 10.1% to $197.43, hit record high
    ** WWD on Monday forecast FY25 sales of $3.30 bln-$3.50 bln,
mid-point of which is $3.4 bln, slightly above est. of $3.38 bln
as per data compiled by LSEG
    ** Sees FY25 EPS of $5.75-$6.25 vs. analysts' est. of
$5.87/shr
    ** Q4 rev. rose 10% to $855 mln from last year, beating
estimates of $811 mln
    ** Q4 adj EPS of $1.41 is above est. of $1.26, according
data compiled by LSEG
    ** Truist Securities raises PT to $226 from $187
    ** Defense OEM revenue inflecting higher on guided munitions
demand, while commercial aero OEM growth benefits from improving
Boeing production but is offset by tougher comps in commercial
aero aftermarket - brokerage
    ** 5 of 13 brokerages rate stock "buy" or higher, 8 "hold";
median PT is $176 - LSEG data
    ** Including session's move, stock up 45.5% YTD

 (Reporting by Sukriti Gupta in Bengaluru)
 ((Sukriti.Gupta@thomsonreuters.com;))