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

WD-40 (NASDAQ:WDFC) issued an update on its FY25 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $5.20-$5.45 for the period, compared to the consensus estimate of $5.36.

Wall Street Analyst Weigh In

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

WD-40 Trading Up 0.9 %

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

WD-40 (NASDAQ:WDFC) last posted its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The company had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.40 million. During the same period in the prior year, the business posted $1.28 earnings per share. WD-40’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, research analysts forecast 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 issued a $0.94 dividend. The ex-dividend date is Friday, January 17th. This is a positive change from WD-40’s previous quarterly dividend of $0.88. This represents a $3.76 annualized dividend and a yield of 1.56%. WD-40’s dividend payout ratio (DPR) is 73.58%.

Insider Buying and Selling at WD-40

In other WD-40 news, Director William B. Noble sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $256.98, for a total transaction of $205,584.00. Following the completion of the transaction, the director now owns 8,999 shares of the company’s stock, valued at approximately $2,312,563.02. This trade represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company’s stock.

About WD-40

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.