Q1 2018 Earnings Estimate for WD-40 Company (WDFC) Issued By FBR & Co
WD-40 Company (NASDAQ:WDFC) – Research analysts at FBR & Co issued their Q1 2018 earnings estimates for shares of WD-40 in a research report issued on Friday. FBR & Co analyst L. Burke anticipates that the specialty chemicals company will post earnings of $0.82 per share for the quarter. FBR & Co currently has a “Neutral” rating and a $122.00 target price on the stock. FBR & Co also issued estimates for WD-40’s Q2 2018 earnings at $1.03 EPS, FY2018 earnings at $3.84 EPS and FY2019 earnings at $4.17 EPS.
WDFC has been the subject of several other research reports. Zacks Investment Research downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. BidaskClub downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. WD-40 currently has a consensus rating of “Hold” and an average price target of $117.25.
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Shares of WD-40 (NASDAQ:WDFC) opened at 110.85 on Monday. The firm has a market cap of $1.55 billion, a PE ratio of 29.95 and a beta of 0.72. The stock has a 50 day moving average price of $111.34 and a 200-day moving average price of $107.81. WD-40 has a 52-week low of $100.60 and a 52-week high of $119.90.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.04. The firm had revenue of $96.60 million during the quarter, compared to analysts’ expectations of $106.01 million. WD-40 had a return on equity of 40.47% and a net margin of 13.91%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in WDFC. Riverhead Capital Management LLC boosted its stake in shares of WD-40 by 45.8% during the second quarter. Riverhead Capital Management LLC now owns 1,166 shares of the specialty chemicals company’s stock worth $129,000 after buying an additional 366 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of WD-40 during the first quarter worth about $132,000. Victory Capital Management Inc. boosted its stake in shares of WD-40 by 24.5% during the first quarter. Victory Capital Management Inc. now owns 1,600 shares of the specialty chemicals company’s stock worth $174,000 after buying an additional 315 shares during the period. Pinebridge Investments L.P. boosted its stake in shares of WD-40 by 0.6% during the second quarter. Pinebridge Investments L.P. now owns 1,853 shares of the specialty chemicals company’s stock worth $204,000 after buying an additional 11 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of WD-40 by 3.5% during the second quarter. Amalgamated Bank now owns 1,928 shares of the specialty chemicals company’s stock worth $213,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 80.59% of the company’s stock.
In other news, VP Jay Rembolt sold 582 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $110.00, for a total transaction of $64,020.00. Following the completion of the sale, the vice president now owns 37,632 shares in the company, valued at $4,139,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is currently owned by corporate insiders.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 20th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $1.96 annualized dividend and a dividend yield of 1.77%. WD-40’s dividend payout ratio (DPR) is 52.69%.
WD-40 Company Profile
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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