WD-40 (NASDAQ:WDFC) Releases FY19 Earnings Guidance

WD-40 (NASDAQ:WDFC) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.58-4.65 for the period, compared to the Thomson Reuters consensus estimate of $4.56. The company issued revenue guidance of $425-437 million, compared to the consensus revenue estimate of $423.30 million.WD-40 also updated its FY 2019 guidance to $4.58-4.65 EPS.

WDFC opened at $176.37 on Friday. WD-40 has a one year low of $149.38 and a one year high of $187.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.90 and a quick ratio of 1.49. The firm’s 50 day moving average is $161.46. The company has a market capitalization of $2.40 billion, a PE ratio of 42.70, a P/E/G ratio of 3.77 and a beta of 0.28.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Tuesday, July 9th. The specialty chemicals company reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.08. WD-40 had a net margin of 16.45% and a return on equity of 40.12%. The business had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $109.40 million. During the same period in the prior year, the firm earned $1.15 earnings per share. WD-40’s revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that WD-40 will post 4.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 19th will be issued a $0.61 dividend. The ex-dividend date is Thursday, July 18th. This represents a $2.44 annualized dividend and a yield of 1.38%. WD-40’s dividend payout ratio is currently 59.08%.

Several equities analysts recently weighed in on WDFC shares. BidaskClub lowered shares of Waterstone Financial from a hold rating to a sell rating in a report on Friday, June 21st. ValuEngine lowered shares of Zions Bancorporation NA from a hold rating to a sell rating in a report on Wednesday, March 20th.

In other WD-40 news, Director Daniel E. Pittard acquired 400 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were acquired at an average cost of $165.00 per share, for a total transaction of $66,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven A. Brass sold 822 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $164.30, for a total transaction of $135,054.60. The disclosure for this sale can be found here. Corporate insiders own 2.09% of the company’s stock.

About WD-40

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.

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Earnings History and Estimates for WD-40 (NASDAQ:WDFC)

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