WD-40 (WDFC) Updates FY18 Earnings Guidance

WD-40 (NASDAQ:WDFC) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.91-3.98 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.85. The company issued revenue guidance of $396-403 million, compared to the consensus revenue estimate of $396.00 million.

A number of equities analysts recently issued reports on WDFC shares. B. Riley reiterated a neutral rating on shares of WD-40 in a report on Wednesday, November 1st. Zacks Investment Research upgraded WD-40 from a sell rating to a hold rating in a report on Wednesday, December 20th. FBR & Co reiterated a neutral rating and issued a $122.00 target price (up from $115.00) on shares of WD-40 in a report on Friday, October 20th. Finally, BidaskClub cut WD-40 from a buy rating to a hold rating in a report on Tuesday, December 12th. Five investment analysts have rated the stock with a hold rating, The company currently has an average rating of Hold and a consensus target price of $117.25.

WD-40 (NASDAQ WDFC) opened at $118.10 on Wednesday. WD-40 has a twelve month low of $100.60 and a twelve month high of $122.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.98 and a quick ratio of 2.51. The stock has a market capitalization of $1,650.00, a price-to-earnings ratio of 31.00, a P/E/G ratio of 3.09 and a beta of 0.67.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. WD-40 had a return on equity of 39.82% and a net margin of 13.91%. The company had revenue of $97.60 million for the quarter. During the same quarter in the prior year, the business earned $0.82 earnings per share. WD-40’s revenue for the quarter was up 9.4% on a year-over-year basis. analysts predict that WD-40 will post 3.85 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 19th will be issued a $0.54 dividend. This is a boost from WD-40’s previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, January 18th. WD-40’s dividend payout ratio (DPR) is currently 51.44%.

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About WD-40

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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