DA Davidson Has Positive Outlook for WD-40 FY2026 Earnings

WD-40 Company (NASDAQ:WDFC - Free Report) - Analysts at DA Davidson lifted their FY2026 earnings per share estimates for WD-40 in a report released on Friday, July 11th. DA Davidson analyst M. Baker now anticipates that the specialty chemicals company will post earnings per share of $6.05 for the year, up from their prior estimate of $5.94. DA Davidson currently has a "Buy" rating and a $300.00 target price on the stock. The consensus estimate for WD-40's current full-year earnings is $5.42 per share.

WD-40 Stock Performance

Shares of WDFC traded down $4.46 during midday trading on Monday, reaching $220.87. 145,556 shares of the stock were exchanged, compared to its average volume of 121,567. WD-40 has a twelve month low of $208.00 and a twelve month high of $292.36. The company has a quick ratio of 2.02, a current ratio of 2.84 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.99 billion, a P/E ratio of 34.78 and a beta of 0.14. The stock's 50 day simple moving average is $238.02 and its 200 day simple moving average is $235.21.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.14. WD-40 had a return on equity of 31.23% and a net margin of 14.13%. The company had revenue of $156.92 million during the quarter, compared to the consensus estimate of $160.60 million. During the same quarter last year, the firm earned $1.46 earnings per share. The company's revenue was up 1.2% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WDFC. Steward Partners Investment Advisory LLC raised its stake in WD-40 by 70.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company's stock valued at $137,000 after purchasing an additional 233 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in WD-40 by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 150,557 shares of the specialty chemicals company's stock valued at $36,537,000 after purchasing an additional 5,095 shares in the last quarter. Victory Capital Management Inc. raised its stake in WD-40 by 2.1% in the fourth quarter. Victory Capital Management Inc. now owns 14,345 shares of the specialty chemicals company's stock valued at $3,481,000 after purchasing an additional 294 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in WD-40 in the fourth quarter valued at about $6,537,000. Finally, Raymond James Financial Inc. acquired a new position in WD-40 in the fourth quarter valued at about $17,903,000. Institutional investors and hedge funds own 91.52% of the company's stock.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 18th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, July 18th. WD-40's dividend payout ratio is currently 59.21%.

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.