WD-40 (WDFC) Updates FY18 Earnings Guidance

WD-40 (NASDAQ:WDFC) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.07-4.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.94. The company issued revenue guidance of $407-415 million, compared to the consensus revenue estimate of $401.14 million.

Shares of WD-40 stock opened at $128.65 on Friday. WD-40 has a 12 month low of $100.60 and a 12 month high of $134.45. The company has a market cap of $1,830.62, a price-to-earnings ratio of 34.58, a PEG ratio of 3.33 and a beta of 0.54. The company has a quick ratio of 3.29, a current ratio of 3.90 and a debt-to-equity ratio of 1.05.

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WD-40 (NASDAQ:WDFC) last announced its earnings results on Thursday, April 5th. The specialty chemicals company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. WD-40 had a return on equity of 39.23% and a net margin of 13.84%. The business had revenue of $101.30 million during the quarter, compared to analysts’ expectations of $102.49 million. During the same quarter in the prior year, the firm earned $0.87 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. equities research analysts anticipate that WD-40 will post 3.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 20th will be given a $0.54 dividend. The ex-dividend date is Thursday, April 19th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.68%. WD-40’s dividend payout ratio (DPR) is presently 58.06%.

A number of equities research analysts have recently issued reports on WDFC shares. Zacks Investment Research upgraded WD-40 from a hold rating to a buy rating and set a $138.00 price target for the company in a research report on Saturday, January 13th. BidaskClub lowered WD-40 from a buy rating to a hold rating in a research report on Tuesday, December 12th. Finally, B. Riley restated a hold rating and issued a $125.00 price target on shares of WD-40 in a research report on Thursday, January 18th.

In related news, insider Geoffrey Holdsworth sold 1,690 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $126.85, for a total value of $214,376.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael L. Freeman sold 4,861 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $119.58, for a total value of $581,278.38. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.

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WD-40 Company Profile

WD-40 Company engages in the development and sale of maintenance products, and homecare and cleaning products. It 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; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand name; and bicycle maintenance products under the WD-40 Bike brand name comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products that are designed for avid and recreational cyclists, bike enthusiasts, and mechanics.

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

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