WD-40 (NASDAQ:WDFC - Free Report) - Stock analysts at DA Davidson issued their Q3 2024 earnings estimates for shares of WD-40 in a research report issued on Thursday, April 11th. DA Davidson analyst L. Weiser anticipates that the specialty chemicals company will earn $1.33 per share for the quarter. DA Davidson currently has a "Buy" rating and a $313.00 target price on the stock. The consensus estimate for WD-40's current full-year earnings is $5.22 per share.
WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.01. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The business had revenue of $139.10 million for the quarter, compared to the consensus estimate of $140.51 million. During the same period last year, the firm earned $1.21 earnings per share. The company's quarterly revenue was up 6.8% on a year-over-year basis.
WD-40 Stock Performance
NASDAQ WDFC traded down $5.22 on Friday, hitting $236.29. 136,474 shares of the company traded hands, compared to its average volume of 135,905. The business's 50 day moving average price is $257.31 and its 200-day moving average price is $240.27. WD-40 has a 52-week low of $175.79 and a 52-week high of $278.78. The company has a current ratio of 2.27, a quick ratio of 1.58 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 47.15 and a beta of -0.06.
WD-40 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. WD-40's payout ratio is currently 70.26%.
Insider Activity at WD-40
In other news, Director David Pendarvis bought 328 shares of the firm's stock in a transaction on Friday, April 12th. The shares were bought at an average price of $234.75 per share, for a total transaction of $76,998.00. Following the purchase, the director now owns 4,934 shares in the company, valued at $1,158,256.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other WD-40 news, Director David Pendarvis acquired 328 shares of the stock in a transaction dated Friday, April 12th. The shares were acquired at an average cost of $234.75 per share, for a total transaction of $76,998.00. Following the completion of the transaction, the director now directly owns 4,934 shares of the company's stock, valued at $1,158,256.50. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jeffrey G. Lindeman bought 182 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $272.42 per share, with a total value of $49,580.44. Following the transaction, the vice president now directly owns 3,073 shares of the company's stock, valued at approximately $837,146.66. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bridge City Capital LLC increased its holdings in shares of WD-40 by 0.8% in the first quarter. Bridge City Capital LLC now owns 5,991 shares of the specialty chemicals company's stock worth $1,518,000 after purchasing an additional 45 shares during the last quarter. Profit Investment Management LLC grew its holdings in WD-40 by 32.5% during the 1st quarter. Profit Investment Management LLC now owns 16,024 shares of the specialty chemicals company's stock valued at $4,059,000 after buying an additional 3,926 shares in the last quarter. Wedmont Private Capital bought a new stake in WD-40 in the 1st quarter worth approximately $212,000. Scarborough Advisors LLC purchased a new stake in shares of WD-40 during the 4th quarter worth approximately $104,000. Finally, Cim LLC bought a new position in shares of WD-40 during the 4th quarter valued at approximately $281,000. Institutional investors own 91.52% of the company's stock.
About WD-40
(
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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.
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