WD-40 (NASDAQ:WDFC) Issues 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.

WD-40 Price Performance

NASDAQ:WDFC traded up $2.13 on Friday, reaching $240.75. The stock had a trading volume of 222,453 shares, compared to its average volume of 113,406. 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 company has a market capitalization of $3.26 billion, a P/E ratio of 47.11 and a beta of -0.04. WD-40 has a 1-year low of $211.03 and a 1-year high of $292.36. The stock has a fifty day moving average price of $265.06 and a 200-day moving average price of $256.02.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 earnings per share. Research analysts forecast that WD-40 will post 5.36 EPS for the current year.

WD-40 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.56%. This is an increase from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date is Friday, January 17th. WD-40’s dividend payout ratio (DPR) is currently 73.58%.

Analysts Set New Price Targets

WDFC has been the topic of a number of research reports. DA Davidson reaffirmed a “buy” rating and issued a $322.00 price target on shares of WD-40 in a research note on Monday, November 18th. Jefferies Financial Group boosted their price objective on shares of WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research report on Friday, October 18th.

Insider Buying and Selling

In other WD-40 news, Director William B. Noble sold 1,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total transaction of $289,700.00. Following the sale, the director now directly owns 7,999 shares in the company, valued at $2,317,310.30. This represents a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.75% of the stock is owned by insiders.

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.