WD-40 (NASDAQ:WDFC) – Equities researchers at B. Riley dropped their Q2 2018 EPS estimates for shares of WD-40 in a research note issued on Wednesday. B. Riley analyst L. Burke now forecasts that the specialty chemicals company will post earnings per share of $0.99 for the quarter, down from their prior estimate of $1.03. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for WD-40’s Q3 2018 earnings at $1.02 EPS, FY2018 earnings at $3.92 EPS and FY2019 earnings at $4.26 EPS.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Tuesday, January 9th. The specialty chemicals company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.07. The company had revenue of $97.60 million during the quarter, compared to the consensus estimate of $93.00 million. WD-40 had a net margin of 13.91% and a return on equity of 39.82%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.82 EPS.

A number of other equities analysts also recently commented on the stock. FBR & Co reaffirmed a “neutral” rating and set a $122.00 price objective (up from $115.00) on shares of WD-40 in a report on Friday, October 20th. Zacks Investment Research downgraded shares of WD-40 from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Finally, BidaskClub downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Five equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $117.25.

WD-40 (NASDAQ:WDFC) traded up $5.35 during trading hours on Thursday, hitting $123.45. 155,400 shares of the stock were exchanged, compared to its average volume of 78,157. The company has a market cap of $1,720.00, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 3.09 and a beta of 0.67. WD-40 has a one year low of $100.60 and a one year high of $123.50. The company has a quick ratio of 2.51, a current ratio of 2.98 and a debt-to-equity ratio of 0.96.

A number of hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new position in WD-40 during the 3rd quarter valued at about $568,000. DF Dent & Co. Inc. bought a new position in WD-40 during the 3rd quarter valued at about $656,000. Neuberger Berman Group LLC lifted its holdings in WD-40 by 13.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 670,480 shares of the specialty chemicals company’s stock valued at $75,027,000 after purchasing an additional 79,356 shares during the last quarter. California Public Employees Retirement System lifted its holdings in WD-40 by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 47,272 shares of the specialty chemicals company’s stock valued at $5,290,000 after purchasing an additional 1,772 shares during the last quarter. Finally, U S Global Investors Inc. bought a new position in WD-40 during the 3rd quarter valued at about $929,000. 81.52% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 19th will be issued a dividend of $0.54 per share. This is an increase from WD-40’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, January 18th. WD-40’s dividend payout ratio (DPR) is currently 51.44%.

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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.

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

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