Wall Street brokerages forecast that WD-40 (NASDAQ:WDFC) will report $0.97 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for WD-40’s earnings. WD-40 posted earnings of $0.90 per share in the same quarter last year, which would suggest a positive year over year growth rate of 7.8%. The company is scheduled to report its next quarterly earnings results on Tuesday, January 8th.
On average, analysts expect that WD-40 will report full year earnings of $4.50 per share for the current financial year. For the next financial year, analysts forecast that the firm will report earnings of $4.90 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover WD-40.
WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Thursday, October 18th. The specialty chemicals company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.55. WD-40 had a return on equity of 38.51% and a net margin of 15.96%. The firm had revenue of $102.60 million for the quarter. During the same period in the prior year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year.
WDFC has been the subject of a number of research reports. Zacks Investment Research lowered shares of WD-40 from a “hold” rating to a “sell” rating in a research note on Saturday. BidaskClub raised shares of WD-40 from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. WD-40 currently has a consensus rating of “Hold” and an average target price of $149.67.
NASDAQ WDFC traded down $1.23 during mid-day trading on Friday, reaching $174.68. The stock had a trading volume of 82,465 shares, compared to its average volume of 97,074. WD-40 has a 1 year low of $115.55 and a 1 year high of $184.25. The firm has a market cap of $2.42 billion, a P/E ratio of 42.30, a PEG ratio of 3.88 and a beta of 0.52. The company has a quick ratio of 1.53, a current ratio of 1.96 and a debt-to-equity ratio of 0.40.
In other WD-40 news, VP Stanley Sewitch, Jr. sold 2,167 shares of the stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $163.80, for a total transaction of $354,954.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael L. Freeman sold 6,000 shares of the stock in a transaction dated 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. Insiders sold a total of 15,720 shares of company stock valued at $2,630,634 in the last ninety days. 2.09% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC bought a new position in shares of WD-40 during the 3rd quarter valued at about $158,000. Vanguard Group Inc. raised its position in shares of WD-40 by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,370,237 shares of the specialty chemicals company’s stock valued at $235,818,000 after buying an additional 23,118 shares in the last quarter. Morgan Stanley raised its position in shares of WD-40 by 22.5% during the 3rd quarter. Morgan Stanley now owns 75,596 shares of the specialty chemicals company’s stock valued at $13,010,000 after buying an additional 13,908 shares in the last quarter. Legal & General Group Plc raised its position in shares of WD-40 by 7.1% during the 3rd quarter. Legal & General Group Plc now owns 32,119 shares of the specialty chemicals company’s stock valued at $5,534,000 after buying an additional 2,123 shares in the last quarter. Finally, Sawgrass Asset Management LLC raised its position in shares of WD-40 by 52.6% during the 3rd quarter. Sawgrass Asset Management LLC now owns 2,090 shares of the specialty chemicals company’s stock valued at $360,000 after buying an additional 720 shares in the last quarter. 89.37% of the stock is owned by institutional investors and hedge funds.
WD-40 Company Profile
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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