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.
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.
COPYRIGHT VIOLATION WARNING: This story was published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.com-unik.info/2018/01/11/b-riley-weighs-in-on-wd-40s-q2-2018-earnings-wdfc.html.
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.
What are top analysts saying about WD-40? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for WD-40 and related companies.