Brokerages Anticipate WD-40 (NASDAQ:WDFC) to Post $0.99 EPS

Analysts forecast that WD-40 (NASDAQ:WDFC) will report earnings per share of $0.99 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for WD-40’s earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $1.04. WD-40 posted earnings of $0.95 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The firm is scheduled to report its next earnings report on Wednesday, January 8th.

According to Zacks, analysts expect that WD-40 will report full year earnings of $4.79 per share for the current fiscal year, with EPS estimates ranging from $4.78 to $4.80. For the next financial year, analysts expect that the business will report earnings of $5.38 per share, with EPS estimates ranging from $5.25 to $5.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover WD-40.

WD-40 (NASDAQ:WDFC) last released its earnings results on Thursday, October 17th. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.64. WD-40 had a net margin of 13.21% and a return on equity of 36.86%. The business had revenue of $106.74 million during the quarter, compared to analyst estimates of $106.30 million. During the same quarter in the prior year, the firm earned $1.54 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. BidaskClub raised shares of WD-40 from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research cut shares of WD-40 from a “buy” rating to a “sell” rating in a research report on Saturday, October 26th. ValuEngine raised shares of WD-40 from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, DA Davidson set a $209.00 price target on shares of WD-40 and gave the stock a “buy” rating in a research report on Tuesday, October 15th.

Shares of WDFC traded up $1.36 during mid-day trading on Friday, reaching $183.99. The stock had a trading volume of 62,100 shares, compared to its average volume of 103,062. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 45.77 and a beta of 0.22. WD-40 has a 52-week low of $153.91 and a 52-week high of $189.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.98 and a quick ratio of 1.44. The business’s fifty day moving average is $183.72 and its 200 day moving average is $174.71.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were paid a dividend of $0.61 per share. The ex-dividend date was Thursday, October 17th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.33%. WD-40’s payout ratio is 60.70%.

In related news, Director Geoffrey Holdsworth sold 1,408 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $182.28, for a total transaction of $256,650.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.09% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in WDFC. Northern Trust Corp increased its stake in WD-40 by 0.7% in the second quarter. Northern Trust Corp now owns 200,139 shares of the specialty chemicals company’s stock valued at $31,831,000 after purchasing an additional 1,473 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in WD-40 by 1.5% in the third quarter. Commonwealth Equity Services LLC now owns 15,950 shares of the specialty chemicals company’s stock valued at $2,927,000 after purchasing an additional 229 shares during the last quarter. Swiss National Bank increased its stake in WD-40 by 2.0% in the second quarter. Swiss National Bank now owns 25,700 shares of the specialty chemicals company’s stock valued at $4,087,000 after purchasing an additional 500 shares during the last quarter. Cim Investment Mangement Inc. purchased a new position in WD-40 in the second quarter valued at approximately $286,000. Finally, Comerica Bank increased its stake in WD-40 by 18.5% in the third quarter. Comerica Bank now owns 22,658 shares of the specialty chemicals company’s stock valued at $4,121,000 after purchasing an additional 3,533 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

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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