WD-40 (WDFC) Issues FY 2019 Earnings Guidance

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WD-40 (NASDAQ:WDFC) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $4.51-4.58 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.53. The company issued revenue guidance of $425-437 million, compared to the consensus revenue estimate of $426.6 million.

Several analysts have recently commented on the stock. Zacks Investment Research cut shares of WD-40 from a hold rating to a sell rating in a research note on Saturday, December 1st. BidaskClub raised shares of WD-40 from a sell rating to a hold rating in a research note on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $149.67.

Shares of WDFC traded up $4.30 during mid-day trading on Wednesday, hitting $183.78. 244,361 shares of the company traded hands, compared to its average volume of 132,155. WD-40 has a one year low of $116.10 and a one year high of $187.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.53. The stock has a market capitalization of $2.52 billion, a P/E ratio of 44.50, a price-to-earnings-growth ratio of 4.02 and a beta of 0.39.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Thursday, October 18th. The specialty chemicals company reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.55. WD-40 had a net margin of 15.96% and a return on equity of 38.51%. The business had revenue of $102.60 million for the quarter. During the same period last year, the company earned $1.01 earnings per share. WD-40’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, analysts anticipate that WD-40 will post 4.53 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Tuesday, December 18th will be paid a $0.61 dividend. The ex-dividend date is Thursday, January 17th. This is a boost from WD-40’s previous quarterly dividend of $0.54. This represents a $2.44 dividend on an annualized basis and a yield of 1.33%. WD-40’s dividend payout ratio (DPR) is presently 52.30%.

In other WD-40 news, insider Michael L. Freeman sold 5,386 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $169.23, for a total value of $911,472.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael L. Freeman sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $167.36, for a total transaction of $1,004,160.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,720 shares of company stock worth $2,630,634. Insiders own 2.09% of the company’s stock.

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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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