WD-40 (NASDAQ:WDFC) Releases FY25 Earnings Guidance

by · The Markets Daily

WD-40 (NASDAQ:WDFC – Get Free Report) updated its FY25 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $5.20-$5.45 for the period, compared to the consensus estimate of $5.36.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WDFC. DA Davidson reiterated a “buy” rating and issued a $322.00 price target on shares of WD-40 in a report on Monday, November 18th. Jefferies Financial Group lifted their price target on shares of WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

Check Out Our Latest Stock Analysis on WD-40

WD-40 Trading Up 0.9 %

NASDAQ:WDFC traded up $2.13 during mid-day trading on Friday, hitting $240.75. 230,214 shares of the stock traded hands, compared to its average volume of 122,126. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 47.11 and a beta of -0.04. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. The firm’s 50 day moving average is $265.06 and its two-hundred day moving average is $256.02. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC – Get Free Report) last issued its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.29 by $0.10. The company had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. On average, equities research analysts predict that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.56%. This is a boost from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, January 17th. WD-40’s payout ratio is 73.58%.

Insider Buying and Selling at WD-40

In other news, Director William B. Noble sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total value of $289,700.00. Following the completion of the sale, the director now owns 7,999 shares of the company’s stock, valued at approximately $2,317,310.30. This represents a 11.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by corporate insiders.

About WD-40

(Get Free Report)

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 provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.

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