News articles about WD-40 (NASDAQ:WDFC) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. WD-40 earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media coverage about the specialty chemicals company an impact score of 47.2030934142902 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of equities analysts have commented on the company. BidaskClub raised WD-40 from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research cut WD-40 from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, FBR & Co reissued a “marketperform” rating on shares of WD-40 in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. WD-40 presently has a consensus rating of “Hold” and an average target price of $111.50.
Shares of WD-40 (NASDAQ WDFC) opened at 103.95 on Friday. The company’s 50 day moving average price is $107.63 and its 200 day moving average price is $107.42. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 28.09 and a beta of 0.73. WD-40 has a 52-week low of $100.60 and a 52-week high of $121.10.
WD-40 (NASDAQ:WDFC) last issued its earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.11. WD-40 had a net margin of 13.85% and a return on equity of 39.64%. The company had revenue of $98.20 million during the quarter, compared to analysts’ expectations of $99.09 million. During the same period last year, the company posted $0.88 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that WD-40 will post $3.68 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 21st were issued a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $1.96 dividend on an annualized basis and a yield of 1.89%. WD-40’s dividend payout ratio (DPR) is presently 52.97%.
In other WD-40 news, VP Jay Rembolt sold 621 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $108.00, for a total value of $67,068.00. Following the completion of the transaction, the vice president now directly owns 36,428 shares of the company’s stock, valued at $3,934,224. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 1,854 shares of company stock valued at $203,928. 3.90% of the stock is currently owned by corporate insiders.
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WD-40 Company Profile
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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