FY2018 EPS Estimates for WD-40 (WDFC) Boosted by Analyst

WD-40 (NASDAQ:WDFC) – Research analysts at Jefferies Group raised their FY2018 EPS estimates for shares of WD-40 in a note issued to investors on Tuesday. Jefferies Group analyst D. Rizzo now anticipates that the specialty chemicals company will post earnings per share of $3.95 for the year, up from their prior forecast of $3.85. Jefferies Group also issued estimates for WD-40’s Q4 2018 earnings at $1.17 EPS, FY2019 earnings at $4.15 EPS and FY2020 earnings at $4.55 EPS.

Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of WD-40 from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. BidaskClub lowered shares of WD-40 from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. FBR & Co reissued a “neutral” rating and issued a $122.00 price objective (up from $115.00) on shares of WD-40 in a research report on Friday, October 20th. Finally, B. Riley reissued a “neutral” rating on shares of WD-40 in a research report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $117.25.

WD-40 (NASDAQ WDFC) traded down $2.50 during midday trading on Friday, reaching $124.05. 80,174 shares of the company’s stock traded hands, compared to its average volume of 59,577. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.90 and a quick ratio of 2.51. WD-40 has a 1 year low of $100.60 and a 1 year high of $127.15. The company has a market capitalization of $1,768.44, a price-to-earnings ratio of 32.64, a P/E/G ratio of 3.22 and a beta of 0.67.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.07. WD-40 had a net margin of 13.84% and a return on equity of 39.23%. The firm had revenue of $97.60 million for the quarter, compared to analyst estimates of $93.00 million. During the same period in the prior year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 19th will be given a $0.54 dividend. The ex-dividend date is Thursday, January 18th. This is a positive change from WD-40’s previous quarterly dividend of $0.49. This represents a $2.16 annualized dividend and a dividend yield of 1.74%. WD-40’s dividend payout ratio is presently 51.58%.

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of WD-40 in the third quarter valued at about $118,000. Riverhead Capital Management LLC raised its position in shares of WD-40 by 45.8% in the second quarter. Riverhead Capital Management LLC now owns 1,166 shares of the specialty chemicals company’s stock valued at $129,000 after purchasing an additional 366 shares during the period. Pinebridge Investments L.P. raised its position in shares of WD-40 by 0.6% in the second quarter. Pinebridge Investments L.P. now owns 1,853 shares of the specialty chemicals company’s stock valued at $204,000 after purchasing an additional 11 shares during the period. Victory Capital Management Inc. raised its position in shares of WD-40 by 17.7% in the second quarter. Victory Capital Management Inc. now owns 1,883 shares of the specialty chemicals company’s stock valued at $208,000 after purchasing an additional 283 shares during the period. Finally, Amalgamated Bank raised its position in shares of WD-40 by 3.5% in the second quarter. Amalgamated Bank now owns 1,928 shares of the specialty chemicals company’s stock valued at $213,000 after purchasing an additional 65 shares during the period. 81.52% of the stock is currently owned by institutional investors.

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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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