WD-40 (WDFC) Issues FY 2019 Earnings Guidance

WD-40 (NASDAQ:WDFC) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.51-4.58 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.53. The company issued revenue guidance of $425-437 million, compared to the consensus revenue estimate of $426.6 million.WD-40 also updated its FY19 guidance to $4.51-$4.58 EPS.

Shares of NASDAQ WDFC opened at $171.04 on Friday. WD-40 has a 1-year low of $116.10 and a 1-year high of $187.50. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 41.41, a P/E/G ratio of 4.06 and a beta of 0.39. The company has a current ratio of 1.96, a quick ratio of 1.53 and a debt-to-equity ratio of 0.40.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Wednesday, January 9th. The specialty chemicals company reported $0.95 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.95. WD-40 had a return on equity of 38.46% and a net margin of 15.98%. The business had revenue of $101.30 million during the quarter, compared to analyst estimates of $99.10 million. During the same quarter last year, the company posted $0.90 EPS. WD-40’s revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts anticipate that WD-40 will post 4.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Tuesday, December 18th will be paid a dividend of $0.61 per share. The ex-dividend date is Thursday, January 17th. This is an increase from WD-40’s previous quarterly dividend of $0.54. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.43%. WD-40’s dividend payout ratio (DPR) is 52.30%.

WDFC has been the topic of a number of research analyst reports. Zacks Investment Research raised WD-40 from a sell rating to a hold rating in a report on Friday, November 23rd. BidaskClub downgraded WD-40 from a buy rating to a hold rating in a research report on Saturday, September 15th. Finally, DA Davidson assumed coverage on WD-40 in a research report on Friday, December 7th. They issued a buy rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. WD-40 currently has a consensus rating of Buy and a consensus price target of $149.67.

In other news, VP Stanley Sewitch, Jr. sold 2,167 shares of the stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $163.80, for a total value of $354,954.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael L. Freeman sold 6,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $167.36, for a total value of $1,004,160.00. The disclosure for this sale can be found here. Insiders have sold 15,720 shares of company stock worth $2,630,634 in the last quarter. 2.09% of the stock is currently owned by corporate insiders.

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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.

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

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