WD-40 (NASDAQ:WDFC) Forecasted to Earn FY2019 Earnings of $4.65 Per Share

WD-40 (NASDAQ:WDFC) – Stock analysts at Jefferies Financial Group lifted their FY2019 earnings per share estimates for shares of WD-40 in a research note issued on Tuesday, July 9th. Jefferies Financial Group analyst D. Rizzo now forecasts that the specialty chemicals company will earn $4.65 per share for the year, up from their prior estimate of $4.55. Jefferies Financial Group also issued estimates for WD-40’s Q4 2019 earnings at $1.26 EPS.

Other equities analysts have also issued research reports about the stock. BidaskClub lowered shares of Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. ValuEngine lowered shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th.

Shares of WDFC stock opened at $178.02 on Thursday. WD-40 has a one year low of $149.38 and a one year high of $187.50. The company has a quick ratio of 1.49, a current ratio of 1.90 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average is $161.77. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 43.10, a price-to-earnings-growth ratio of 3.77 and a beta of 0.28.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Tuesday, July 9th. The specialty chemicals company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.22 by $0.08. WD-40 had a net margin of 16.45% and a return on equity of 40.12%. The firm had revenue of $114.00 million during the quarter, compared to analyst estimates of $109.40 million. During the same quarter in the prior year, the business posted $1.15 earnings per share. WD-40’s revenue for the quarter was up 6.5% compared to the same quarter last year.

Institutional investors have recently added to or reduced their stakes in the company. Nalls Sherbakoff Group LLC acquired a new stake in shares of WD-40 in the fourth quarter worth $30,000. WP Advisors LLC acquired a new stake in shares of WD-40 in the first quarter worth $35,000. Capital Investment Advisory Services LLC increased its position in shares of WD-40 by 56.7% in the first quarter. Capital Investment Advisory Services LLC now owns 282 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 102 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of WD-40 by 12,500.0% in the first quarter. Quadrant Capital Group LLC now owns 504 shares of the specialty chemicals company’s stock worth $83,000 after acquiring an additional 500 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in shares of WD-40 by 12.6% in the first quarter. Advisory Services Network LLC now owns 618 shares of the specialty chemicals company’s stock worth $105,000 after acquiring an additional 69 shares in the last quarter. 89.26% of the stock is owned by institutional investors.

In other WD-40 news, Director Daniel E. Pittard acquired 400 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was bought at an average price of $165.00 per share, with a total value of $66,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven A. Brass sold 822 shares of the stock in a transaction on Thursday, April 18th. The stock was 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. Corporate insiders own 2.09% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 19th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Thursday, July 18th. WD-40’s dividend payout ratio (DPR) is 59.08%.

WD-40 Company Profile

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.

Further Reading: Recession

Earnings History and Estimates for WD-40 (NASDAQ:WDFC)

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