Wall Street brokerages expect WD-40 (NASDAQ:WDFC) to report earnings per share (EPS) of $0.97 for the current quarter, according to Zacks. Zero analysts have made estimates for WD-40’s earnings. WD-40 reported earnings of $0.90 per share during the same quarter last year, which would suggest a positive year over year growth rate of 7.8%. The firm is scheduled to announce its next earnings results on Tuesday, January 8th.

On average, analysts expect that WD-40 will report full year earnings of $4.65 per share for the current fiscal year. For the next financial year, analysts expect that the firm will report earnings of $5.10 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow WD-40.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Thursday, October 18th. The specialty chemicals company reported $1.54 EPS for the quarter, beating the consensus estimate of $0.99 by $0.55. WD-40 had a return on equity of 38.90% and a net margin of 15.96%. The company had revenue of $102.60 million for the quarter. During the same quarter last year, the business earned $1.01 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis.

Several equities analysts have commented on the company. BidaskClub upgraded WD-40 from a “sell” rating to a “hold” rating in a report on Friday. B. Riley increased their price target on WD-40 from $135.00 to $152.00 and gave the company a “neutral” rating in a report on Wednesday, July 11th. Finally, Zacks Investment Research upgraded shares of WD-40 from a “hold” rating to a “buy” rating and set a $177.00 price objective on the stock in a research note on Sunday, July 15th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $142.75.

WDFC stock traded up $6.20 during midday trading on Monday, hitting $162.70. 145,569 shares of the company traded hands, compared to its average volume of 73,756. WD-40 has a twelve month low of $108.20 and a twelve month high of $184.25. The company has a quick ratio of 1.47, a current ratio of 1.75 and a debt-to-equity ratio of 0.56. The company has a market cap of $2.17 billion, a PE ratio of 39.39 and a beta of 0.59.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Friday, October 19th will be paid a $0.54 dividend. The ex-dividend date is Thursday, October 18th. This represents a $2.16 annualized dividend and a dividend yield of 1.33%. WD-40’s payout ratio is 52.30%.

In other news, insider William B. Noble sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $166.13, for a total value of $332,260.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC lifted its position in WD-40 by 32.9% in the second quarter. Citadel Advisors LLC now owns 37,188 shares of the specialty chemicals company’s stock worth $5,438,000 after purchasing an additional 9,198 shares during the period. Cozad Asset Management Inc. bought a new position in WD-40 in the second quarter worth $409,000. Virginia Retirement Systems ET AL bought a new position in WD-40 in the second quarter worth $804,000. Schwab Charles Investment Management Inc. lifted its position in WD-40 by 5.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 96,333 shares of the specialty chemicals company’s stock worth $14,089,000 after purchasing an additional 5,129 shares during the period. Finally, Nwam LLC bought a new position in WD-40 in the third quarter worth $224,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

About WD-40

WD-40 Company engages in the development and sale of maintenance products, and homecare and cleaning products. It 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; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand name; and bicycle maintenance products under the WD-40 Bike brand name comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products that are designed for avid and recreational cyclists, bike enthusiasts, and mechanics.

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

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