WD-40 (NASDAQ:WDFC) Updates FY 2025 Earnings Guidance

WD-40 (NASDAQ:WDFC - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 5.300-5.60 for the period, compared to the consensus EPS estimate of 5.544. The company issued revenue guidance of $600.0 million-$620.0 million, compared to the consensus revenue estimate of $627.1 million.

Wall Street Analysts Forecast Growth

Separately, DA Davidson cut their price objective on WD-40 from $322.00 to $300.00 and set a "buy" rating for the company in a report on Friday.

WD-40 Stock Up 1.6%

WDFC stock traded up $3.57 during trading hours on Monday, hitting $226.90. The company's stock had a trading volume of 231,014 shares, compared to its average volume of 121,209. 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 capitalization of $3.07 billion, a PE ratio of 35.73 and a beta of 0.14. WD-40 has a 12 month low of $208.00 and a 12 month high of $292.36. The stock has a 50 day moving average price of $238.75 and a two-hundred day moving average price of $235.63.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share for the quarter, beating 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 business had revenue of $156.92 million for the quarter, compared to the consensus estimate of $160.60 million. During the same period last year, the business earned $1.46 EPS. The firm's revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that WD-40 will post 5.42 earnings per share for the current year.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders 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 yield of 1.66%. The ex-dividend date is Friday, July 18th. WD-40's dividend payout ratio (DPR) is 59.21%.

Institutional Investors Weigh In On WD-40

A number of hedge funds have recently bought and sold shares of WDFC. Royal Bank of Canada increased its position in WD-40 by 4.6% during the first quarter. Royal Bank of Canada now owns 20,621 shares of the specialty chemicals company's stock worth $5,032,000 after acquiring an additional 901 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of WD-40 by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,096 shares of the specialty chemicals company's stock worth $1,975,000 after acquiring an additional 343 shares during the period. AQR Capital Management LLC lifted its position in shares of WD-40 by 7.4% in the 1st quarter. AQR Capital Management LLC now owns 6,366 shares of the specialty chemicals company's stock worth $1,553,000 after acquiring an additional 437 shares during the period. Jones Financial Companies Lllp increased its stake in WD-40 by 476.2% in the first quarter. Jones Financial Companies Lllp now owns 3,734 shares of the specialty chemicals company's stock valued at $911,000 after acquiring an additional 3,086 shares during the period. Finally, NewEdge Advisors LLC increased its stake in WD-40 by 6.6% in the first quarter. NewEdge Advisors LLC now owns 1,578 shares of the specialty chemicals company's stock valued at $385,000 after acquiring an additional 98 shares during the period. 91.52% of the stock is currently owned by institutional investors.

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.