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.
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.
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.
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.
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