WD-40 Company (WDFC) Forecasted to Post Q1 2018 Earnings of $0.84 Per Share
WD-40 Company (NASDAQ:WDFC) – Investment analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of WD-40 in a research note issued to investors on Thursday. Jefferies Group analyst D. Rizzo anticipates that the specialty chemicals company will post earnings of $0.84 per share for the quarter. Jefferies Group also issued estimates for WD-40’s Q2 2018 earnings at $1.04 EPS, Q3 2018 earnings at $1.11 EPS, Q4 2018 earnings at $0.87 EPS, FY2018 earnings at $3.85 EPS and FY2019 earnings at $4.10 EPS.
Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of WD-40 from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research note on Friday, August 18th. BidaskClub lowered shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, FBR & Co reiterated a “marketperform” rating on shares of WD-40 in a research note on Tuesday, July 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $117.25.
WD-40 (WDFC) opened at 110.85 on Monday. WD-40 has a one year low of $100.60 and a one year high of $119.90. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 29.95 and a beta of 0.72. The firm has a 50 day moving average of $111.34 and a 200-day moving average of $107.81.
WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.04. The company had revenue of $96.60 million for the quarter, compared to analyst estimates of $106.01 million. WD-40 had a net margin of 13.91% and a return on equity of 40.47%. WD-40’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business earned $0.99 EPS.
A number of hedge funds have recently bought and sold shares of WDFC. UBS Asset Management Americas Inc. grew its position in WD-40 by 151.3% in the first quarter. UBS Asset Management Americas Inc. now owns 6,635 shares of the specialty chemicals company’s stock worth $723,000 after acquiring an additional 3,995 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in WD-40 in the first quarter worth approximately $132,000. JPMorgan Chase & Co. grew its position in WD-40 by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 36,314 shares of the specialty chemicals company’s stock worth $3,956,000 after acquiring an additional 1,462 shares in the last quarter. Victory Capital Management Inc. grew its position in WD-40 by 24.5% in the first quarter. Victory Capital Management Inc. now owns 1,600 shares of the specialty chemicals company’s stock worth $174,000 after acquiring an additional 315 shares in the last quarter. Finally, OppenheimerFunds Inc. grew its position in WD-40 by 29.1% in the first quarter. OppenheimerFunds Inc. now owns 2,765 shares of the specialty chemicals company’s stock worth $301,000 after acquiring an additional 623 shares in the last quarter. 80.59% of the stock is owned by institutional investors.
In other WD-40 news, VP Jay Rembolt sold 676 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $112.60, for a total value of $76,117.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.90% of the stock is currently owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 20th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $1.96 annualized dividend and a yield of 1.77%. WD-40’s dividend payout ratio is presently 52.69%.
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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