Brokerages expect WD-40 (NASDAQ:WDFC) to report earnings of $1.32 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for WD-40’s earnings, with estimates ranging from $1.30 to $1.33. WD-40 reported earnings per share of $1.04 during the same quarter last year, which would indicate a positive year over year growth rate of 26.9%. The firm is expected to issue its next earnings results after the market closes on Thursday, April 8th.
On average, analysts expect that WD-40 will report full year earnings of $5.51 per share for the current fiscal year, with EPS estimates ranging from $5.30 to $5.72. For the next fiscal year, analysts anticipate that the business will report earnings of $5.88 per share, with EPS estimates ranging from $5.50 to $6.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for WD-40.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Wednesday, January 6th. The specialty chemicals company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.69. The firm had revenue of $124.56 million for the quarter, compared to analyst estimates of $106.80 million. WD-40 had a net margin of 12.30% and a return on equity of 33.97%. WD-40’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 earnings per share.
A number of research firms recently weighed in on WDFC. DA Davidson restated a “neutral” rating on shares of WD-40 in a research report on Thursday, February 25th. Zacks Investment Research lowered shares of WD-40 from a “buy” rating to a “hold” rating in a report on Tuesday, March 16th.
In other news, Director William B. Noble sold 583 shares of the business’s stock in a transaction that occurred on Tuesday, January 26th. The shares were sold at an average price of $305.46, for a total value of $178,083.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.09% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in WD-40 by 40.6% during the 4th quarter. Parallel Advisors LLC now owns 142 shares of the specialty chemicals company’s stock worth $38,000 after buying an additional 41 shares during the period. Stifel Financial Corp increased its stake in WD-40 by 0.3% during the 4th quarter. Stifel Financial Corp now owns 16,604 shares of the specialty chemicals company’s stock worth $4,412,000 after buying an additional 46 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in WD-40 by 8.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 853 shares of the specialty chemicals company’s stock worth $227,000 after buying an additional 63 shares during the period. Advisor Partners LLC increased its stake in WD-40 by 3.2% during the 4th quarter. Advisor Partners LLC now owns 2,575 shares of the specialty chemicals company’s stock worth $684,000 after buying an additional 81 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of WD-40 by 0.4% in the 3rd quarter. California State Teachers Retirement System now owns 20,649 shares of the specialty chemicals company’s stock valued at $3,909,000 after purchasing an additional 82 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.
WDFC opened at $304.64 on Monday. The firm has a market capitalization of $4.17 billion, a PE ratio of 69.24 and a beta of -0.05. WD-40 has a twelve month low of $151.16 and a twelve month high of $333.42. The firm’s 50-day moving average price is $308.51 and its 200 day moving average price is $268.97. The company has a current ratio of 1.81, a quick ratio of 1.45 and a debt-to-equity ratio of 0.65.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 30th. Stockholders of record on Friday, April 16th will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from WD-40’s previous quarterly dividend of $0.67. The ex-dividend date is Thursday, April 15th. WD-40’s payout ratio is 60.91%.
WD-40 Company Profile
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; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand name.
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