WD-40 (WDFC) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WD-40 in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" WDFC shares.
View WDFC analyst ratings or view top-rated stocks.

1 brokerages have issued 12 month price targets for WD-40's shares. Their WDFC share price forecasts range from $256.00 to $256.00. On average, they predict the company's stock price to reach $256.00 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price.
View analysts price targets for WDFC or view top-rated stocks among Wall Street analysts.

WD-40's stock was trading at $161.21 at the beginning of the year. Since then, WDFC stock has increased by 24.8% and is now trading at $201.27.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our WDFC earnings forecast.

WD-40 (NASDAQ:WDFC) released its quarterly earnings results on Monday, July, 10th. The specialty chemicals company reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.16. The specialty chemicals company had revenue of $141.72 million for the quarter, compared to analysts' expectations of $138.40 million. WD-40 had a trailing twelve-month return on equity of 32.79% and a net margin of 12.18%. The business's revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.07 earnings per share.

WD-40 announced a quarterly dividend on Tuesday, June 20th. Stockholders of record on Friday, July 14th will be given a dividend of $0.83 per share on Monday, July 31st. This represents a $3.32 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, July 13th.
Read our dividend analysis for WDFC.

ETFs with the largest weight of WD-40 (NASDAQ:WDFC) stock in their portfolio include Invesco S&P SmallCap Consumer Staples ETF (PSCC), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Quality ETF (XSHQ), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), First Trust Value Line Dividend Index Fund (FVD), ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL), Franklin U.S. Small Cap Multifactor Index ETF (FLQS) and Principal U.S. Small-Cap Adaptive Multi-Factor ETF (PLTL).

WD-40 (NASDAQ:WDFC) pays an annual dividend of $3.32 per share and currently has a dividend yield of 1.63%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 70.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WDFC will have a dividend payout ratio of 59.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WDFC.

WD-40 updated its FY 2023 earnings guidance on Thursday, July, 13th. The company provided earnings per share (EPS) guidance of $4.80-$5.00 for the period, compared to the consensus EPS estimate of $4.90. The company issued revenue guidance of $535.00 million-$560.00 million, compared to the consensus revenue estimate of $535.14 million.

42 employees have rated WD-40 Chief Executive Officer Garry O. Ridge on Glassdoor.com. Garry O. Ridge has an approval rating of 98% among the company's employees. This puts Garry O. Ridge in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other WD-40 investors own include Home Depot (HD), Walt Disney (DIS), Johnson & Johnson (JNJ), McDonald's (MCD), Texas Instruments (TXN), NVIDIA (NVDA), AT&T (T), Intel (INTC) and NIKE (NKE).

WD-40 trades on the NASDAQ under the ticker symbol "WDFC."

Shares of WDFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WDFC stock can currently be purchased for approximately $201.27.

WD-40 (NASDAQ:WDFC) has a market capitalization of $2.73 billion and generates $518.82 million in revenue each year. The specialty chemicals company earns $67.33 million in net income (profit) each year or $4.69 on an earnings per share basis.

The company employs 583 workers across the globe.

WD-40's mailing address is 9715 BUSINESSPARK AVENUE, SAN DIEGO CA, 92131. The official website for the company is www.wd40company.com. The specialty chemicals company can be reached via phone at (619) 275-1400, via email at investorrelations@wd40.com, or via fax at 619-275-5823.