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Woodward, Inc. (WWD) designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide.
The company's Aerospace segment offers fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles; and flight deck controls, actuators, servo controls, motors, and sensors for aircraft that are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems.
It also provides aftermarket maintenance, repair, overhaul, and other services to commercial airlines, repair facilities, military depots, third party repair shops, and other end users. This segment sells its products to original equipment manufacturers (OEMs), tier-one suppliers, and various contractors, as well as through aftermarket sales of components, such as provisioning spares or replacements, and spare parts.
Its Industrial segment designs, produces, and services systems and products for the management of fuel, air, fluids, gases, motion, combustion, and electricity. Its products include actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, speed controls, electronics and software, power converters, sensors, and other devices that measure, communicate, and protect electrical distribution systems for use in industrial gas turbines, steam turbines, reciprocating engines, electric power generation and power distribution systems, wind turbines, and compressors. This segment sells its products, aftermarket products, and other related services to OEMs through an independent network of distributors, as well as directly to end users.
Shares have formed a bullish "cup and handle" following its latest quarterly report and are on the cusp of beaking higher out of this formation. Woodward reported 1st Quarter December 2018 earnings of $0.96 per share on revenue of $652.8 million. The consensus earnings estimate was $0.74 per share on revenue of $585.5 million. The company said it continues to expect fiscal 2019 earnings of $4.40 to $4.70 per share on revenue of $2.65 billion to $2.80 billion. The current consensus earnings estimate is $4.58 per share on revenue of $2.75 billion for the year ending September 30, 2019.
Entry Point: $97.00
Stop Loss: $92.15
Trading Range: $68.40 - $97.63
Target Price: $106.70
WWD closed at $104.81
