WD-40 (NASDAQ:WDFC) – Jefferies Financial Group increased their Q2 2020 earnings estimates for shares of WD-40 in a report released on Thursday, January 9th. Jefferies Financial Group analyst D. Rizzo now expects that the specialty chemicals company will post earnings of $1.31 per share for the quarter, up from their previous estimate of $1.22. Jefferies Financial Group also issued estimates for WD-40’s Q3 2020 earnings at $1.51 EPS and FY2024 earnings at $7.30 EPS.
Other equities analysts also recently issued research reports about the company. DA Davidson downgraded WD-40 from a “buy” rating to a “neutral” rating and set a $209.00 price target on the stock. in a research report on Tuesday, January 7th. ValuEngine raised WD-40 from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research downgraded WD-40 from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, BidaskClub downgraded WD-40 from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th.
WDFC opened at $188.50 on Monday. WD-40 has a 12-month low of $153.91 and a 12-month high of $199.48. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $193.45 and its 200-day simple moving average is $184.24. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 46.89 and a beta of 0.25.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Thursday, January 9th. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.11). WD-40 had a return on equity of 36.50% and a net margin of 13.03%. The firm had revenue of $98.60 million for the quarter, compared to the consensus estimate of $104.00 million. During the same period in the previous year, the company posted $0.95 EPS. WD-40’s quarterly revenue was down 2.7% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.67 per share. This is an increase from WD-40’s previous quarterly dividend of $0.61. The ex-dividend date is Thursday, January 16th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.42%. WD-40’s dividend payout ratio is presently 60.70%.
Several institutional investors and hedge funds have recently bought and sold shares of WDFC. CWM LLC boosted its position in WD-40 by 621.1% during the third quarter. CWM LLC now owns 137 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 118 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in WD-40 by 1,508.3% during the third quarter. Tower Research Capital LLC TRC now owns 386 shares of the specialty chemicals company’s stock valued at $71,000 after purchasing an additional 362 shares in the last quarter. Quadrant Capital Group LLC boosted its position in WD-40 by 10,125.0% during the third quarter. Quadrant Capital Group LLC now owns 409 shares of the specialty chemicals company’s stock valued at $74,000 after purchasing an additional 405 shares in the last quarter. North Star Investment Management Corp. bought a new stake in WD-40 during the third quarter valued at about $92,000. Finally, Acropolis Investment Management LLC bought a new stake in WD-40 during the third quarter valued at about $110,000. 87.40% of the stock is currently owned by institutional investors and hedge funds.
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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