B. Riley Weighs in on WD-40’s Q2 2018 Earnings (WDFC)

WD-40 (NASDAQ:WDFC) – B. Riley cut their Q2 2018 EPS estimates for shares of WD-40 in a report released on Wednesday. B. Riley analyst L. Burke now anticipates that the specialty chemicals company will post earnings per share of $0.99 for the quarter, down from their previous forecast of $1.03. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for WD-40’s Q3 2018 earnings at $1.02 EPS, FY2018 earnings at $3.92 EPS and FY2019 earnings at $4.26 EPS.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Tuesday, January 9th. The specialty chemicals company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.07. The business had revenue of $97.60 million for the quarter, compared to analyst estimates of $93.00 million. WD-40 had a net margin of 13.91% and a return on equity of 39.82%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.82 earnings per share.

Other analysts have also issued reports about the stock. FBR & Co reaffirmed a “neutral” rating and set a $122.00 price target (up from $115.00) on shares of WD-40 in a research report on Friday, October 20th. Zacks Investment Research lowered shares of WD-40 from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Finally, BidaskClub lowered shares of WD-40 from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Five research analysts have rated the stock with a hold rating, WD-40 currently has a consensus rating of “Hold” and a consensus price target of $117.25.

Shares of WD-40 (NASDAQ WDFC) traded up $5.35 during mid-day trading on Thursday, hitting $123.45. 155,400 shares of the stock were exchanged, compared to its average volume of 78,157. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.51 and a current ratio of 2.98. WD-40 has a twelve month low of $100.60 and a twelve month high of $123.50. The company has a market capitalization of $1,720.00, a price-to-earnings ratio of 32.40, a PEG ratio of 3.09 and a beta of 0.67.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 19th will be given a dividend of $0.54 per share. This is a positive change from WD-40’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, January 18th. WD-40’s dividend payout ratio is 51.44%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in WD-40 by 1.0% during the second quarter. Vanguard Group Inc. now owns 1,238,670 shares of the specialty chemicals company’s stock worth $136,687,000 after acquiring an additional 12,813 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of WD-40 by 13.4% in the third quarter. Neuberger Berman Group LLC now owns 670,480 shares of the specialty chemicals company’s stock valued at $75,027,000 after purchasing an additional 79,356 shares during the last quarter. State Street Corp increased its holdings in shares of WD-40 by 2.9% in the second quarter. State Street Corp now owns 373,496 shares of the specialty chemicals company’s stock valued at $41,210,000 after purchasing an additional 10,595 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of WD-40 by 62.7% in the third quarter. Conestoga Capital Advisors LLC now owns 312,775 shares of the specialty chemicals company’s stock valued at $35,000,000 after purchasing an additional 120,575 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of WD-40 by 0.9% in the second quarter. Northern Trust Corp now owns 203,200 shares of the specialty chemicals company’s stock valued at $22,423,000 after purchasing an additional 1,827 shares during the last quarter. 81.52% of the stock is currently owned by hedge funds and other institutional investors.

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WD-40 Company Profile

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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