WD-40 (NASDAQ:WDFC) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.58-4.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.56. The company issued revenue guidance of $425-437 million, compared to the consensus revenue estimate of $423.30 million.WD-40 also updated its FY 2019 guidance to $4.58-4.65 EPS.
WDFC traded down $0.51 during trading on Tuesday, hitting $161.35. 155,341 shares of the stock traded hands, compared to its average volume of 103,437. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 39.07, a P/E/G ratio of 3.58 and a beta of 0.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.07 and a quick ratio of 1.49. The company has a 50-day moving average price of $160.94. WD-40 has a 12-month low of $145.50 and a 12-month high of $187.50.
WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Tuesday, July 9th. The specialty chemicals company reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.08. The business had revenue of $114.00 million during the quarter, compared to analysts’ expectations of $109.40 million. WD-40 had a net margin of 16.24% and a return on equity of 39.13%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.15 EPS. As a group, equities research analysts expect that WD-40 will post 4.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th will be given a dividend of $0.61 per share. The ex-dividend date is Thursday, July 18th. This represents a $2.44 annualized dividend and a yield of 1.51%. WD-40’s payout ratio is currently 59.08%.
Several research analysts have commented on WDFC shares. Zacks Investment Research lowered shares of WD-40 from a buy rating to a hold rating in a report on Wednesday, March 13th. ValuEngine lowered shares of WD-40 from a strong-buy rating to a buy rating in a report on Wednesday, March 20th. Finally, BidaskClub lowered shares of WD-40 from a hold rating to a sell rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. WD-40 currently has a consensus rating of Hold and a consensus price target of $164.50.
In related news, insider Steven A. Brass sold 822 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $164.30, for a total value of $135,054.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel E. Pittard purchased 400 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was acquired at an average price of $165.00 per share, with a total value of $66,000.00. The disclosure for this purchase can be found here. 2.09% of the stock is owned by company insiders.
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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