WD-40 Company (WDFC) Updates FY18 Earnings Guidance

WD-40 Company (NASDAQ:WDFC) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.81-3.87 for the period, compared to the Thomson Reuters consensus estimate of $3.96. The company issued revenue guidance of $396-403 million, compared to the consensus revenue estimate of $401.00 million.

WD-40 Company (WDFC) traded up 0.41% during midday trading on Friday, reaching $111.35. 44,001 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $111.54 and a 200-day moving average of $107.97. The stock has a market cap of $1.56 billion, a PE ratio of 30.09 and a beta of 0.72. WD-40 Company has a 12 month low of $100.60 and a 12 month high of $119.90.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.04. The business had revenue of $96.60 million for the quarter, compared to analysts’ expectations of $106.01 million. WD-40 had a return on equity of 41.86% and a net margin of 14.88%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 EPS. On average, equities research analysts predict that WD-40 Company will post $3.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 20th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $1.96 annualized dividend and a dividend yield of 1.76%. WD-40’s dividend payout ratio (DPR) is 52.69%.

Several brokerages have recently issued reports on WDFC. Zacks Investment Research cut WD-40 from a hold rating to a sell rating in a report on Tuesday. FBR & Co restated a neutral rating and set a $122.00 price target (up previously from $115.00) on shares of WD-40 in a report on Friday, October 20th. Finally, BidaskClub upgraded WD-40 from a sell rating to a hold rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. WD-40 currently has a consensus rating of Hold and an average target price of $117.25.

In related news, VP Jay Rembolt sold 676 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $112.60, for a total transaction of $76,117.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company’s stock.

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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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