WD-40 (NASDAQ:WDFC) Updates FY 2019 Earnings Guidance

WD-40 (NASDAQ:WDFC) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.58-4.65 for the period. The company issued revenue guidance of $425-437 million, compared to the consensus revenue estimate of $423.29 million.WD-40 also updated its FY19 guidance to $4.58-4.65 EPS.

Shares of WDFC stock opened at $175.14 on Thursday. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 42.41, a PEG ratio of 3.58 and a beta of 0.28. The business has a fifty day simple moving average of $161.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.07 and a quick ratio of 1.49. WD-40 has a 52-week low of $145.50 and a 52-week high of $187.50.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Tuesday, July 9th. The specialty chemicals company reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.08. The firm had revenue of $114.00 million during the quarter, compared to analyst estimates of $109.40 million. WD-40 had a return on equity of 39.13% and a net margin of 16.24%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.15 earnings per share. Equities analysts anticipate that WD-40 will post 4.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 19th will be given a dividend of $0.61 per share. The ex-dividend date is Thursday, July 18th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.39%. WD-40’s payout ratio is 59.08%.

WDFC has been the subject of a number of research analyst reports. BidaskClub lowered Waterstone Financial from a hold rating to a sell rating in a research report on Friday, June 21st. ValuEngine lowered Zions Bancorporation NA from a hold rating to a sell rating in a research report on Wednesday, March 20th. Finally, Zacks Investment Research upgraded Key Energy Services from a hold rating to a buy rating and set a $4.50 price objective for the company in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $164.50.

In other WD-40 news, Director Daniel E. Pittard purchased 400 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was purchased at an average price of $165.00 per share, with a total value of $66,000.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven A. Brass sold 822 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $164.30, for a total transaction of $135,054.60. The disclosure for this sale can be found here. Company insiders own 2.09% 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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Earnings History and Estimates for WD-40 (NASDAQ:WDFC)

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