WD-40 (NASDAQ:WDFC) Updates FY 2019 Earnings Guidance

WD-40 (NASDAQ:WDFC) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.58-4.65 for the period. The company issued revenue guidance of $425-437 million, compared to the consensus revenue estimate of $423.29 million.

WDFC has been the topic of a number of research reports. BidaskClub lowered shares of WD-40 from a sell rating to a strong sell rating in a research note on Friday, June 21st. ValuEngine lowered shares of WD-40 from a strong-buy rating to a buy rating in a research note on Wednesday, March 20th. Finally, Zacks Investment Research lowered shares of WD-40 from a buy rating to a hold rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $164.50.

WDFC traded down $0.51 on Tuesday, reaching $161.35. The company had a trading volume of 171,073 shares, compared to its average volume of 103,437. WD-40 has a fifty-two week low of $145.50 and a fifty-two week high of $187.50. The firm has a market cap of $2.25 billion, a PE ratio of 38.55, a P/E/G ratio of 3.58 and a beta of 0.28. The firm’s fifty day simple moving average is $161.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.49 and a current ratio of 2.07.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. WD-40 had a net margin of 16.24% and a return on equity of 39.13%. The business had revenue of $101.30 million for the quarter, compared to analyst estimates of $104.10 million. During the same quarter in the prior year, the business earned $1.05 EPS. WD-40’s quarterly revenue was up .0% on a year-over-year basis. Research analysts forecast that WD-40 will post 4.56 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 19th will be paid a $0.61 dividend. The ex-dividend date is Thursday, July 18th. This represents a $2.44 dividend on an annualized basis and a yield of 1.51%. WD-40’s dividend payout ratio (DPR) is currently 59.08%.

In other WD-40 news, insider Steven A. Brass sold 822 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $164.30, for a total transaction of $135,054.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel E. Pittard bought 400 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were acquired at an average price of $165.00 per share, for a total transaction of $66,000.00. The disclosure for this purchase can be found here. 2.09% of the stock is currently owned by corporate insiders.

About WD-40

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

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