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

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WDFC shares. Jefferies Financial Group increased their price objective on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th. DA Davidson restated a “buy” rating and set a $322.00 price objective on shares of WD-40 in a research report on Monday, November 18th.

WD-40 Trading Up 0.9 %

Shares of WDFC traded up $2.13 during trading hours on Friday, hitting $240.75. 222,453 shares of the stock were exchanged, compared to its average volume of 113,406. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The business has a 50-day moving average of $265.06 and a 200-day moving average of $256.02. The firm has a market capitalization of $3.26 billion, a P/E ratio of 47.11 and a beta of -0.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.47 and a quick ratio of 1.70.

WD-40 (NASDAQ:WDFC) last released its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. The business had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $147.40 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 earnings per share. On average, research analysts expect that WD-40 will post 5.36 EPS for the current year.

WD-40 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.56%. This is a positive change from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date is Friday, January 17th. WD-40’s dividend payout ratio is presently 73.58%.

Insider Buying and Selling

In other WD-40 news, Director William B. Noble sold 800 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total transaction of $205,584.00. Following the transaction, the director now directly owns 8,999 shares in the company, valued at approximately $2,312,563.02. This trade represents a 8.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by company insiders.

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 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.