WD-40 - WDFC Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WD-40 in the last twelve months. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WDFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WDFC, but not buy additional shares or sell existing shares.
View WDFC analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 1-year price targets for WD-40's shares. Their WDFC share price forecasts range from $88.00 to $205.00. On average, they anticipate the company's stock price to reach $146.50 in the next year. This suggests that the stock has a possible downside of 28.8%.
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WD-40's stock was trading at $244.64 at the beginning of 2022. Since then, WDFC stock has decreased by 15.9% and is now trading at $205.77.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 18th 2022.
View our WDFC earnings forecast.

WD-40 (NASDAQ:WDFC) posted its quarterly earnings data on Thursday, July, 7th. The specialty chemicals company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by $0.21. The specialty chemicals company had revenue of $123.67 million for the quarter, compared to analysts' expectations of $142.80 million. WD-40 had a net margin of 12.10% and a trailing twelve-month return on equity of 30.75%. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the firm earned $1.52 EPS.

WD-40 announced a quarterly dividend on Tuesday, June 21st. Shareholders of record on Friday, July 15th will be paid a dividend of $0.78 per share on Friday, July 29th. This represents a $3.12 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, July 14th.
Read our dividend analysis for WDFC.

WD-40 (NASDAQ:WDFC) pays an annual dividend of $3.12 per share and currently has a dividend yield of 1.59%. 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 70.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WDFC will have a dividend payout ratio of 53.52% 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 2022 earnings guidance on Thursday, July, 28th. The company provided earnings per share (EPS) guidance of $5.02-$5.10 for the period, compared to the consensus earnings per share estimate of $5.18. The company issued revenue guidance of $519.00 million-$532.00 million, compared to the consensus revenue estimate of $537.51 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."

WD-40's stock is owned by many different institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (4.19%), Conestoga Capital Advisors LLC (2.25%), Principal Financial Group Inc. (1.84%), Renaissance Technologies LLC (1.78%), Geneva Capital Management LLC (1.26%) and Northern Trust Corp (1.08%). Insiders that own company stock include Eric Etchart, Garry O Ridge, Geoffrey Holdsworth, Jay Rembolt, Richard T Clampitt, Steven A Brass and William B Noble.
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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 $205.77.

WD-40 (NASDAQ:WDFC) has a market capitalization of $2.80 billion and generates $488.11 million in revenue each year. The specialty chemicals company earns $70.23 million in net income (profit) each year or $4.43 on an earnings per share basis.

The company employs 540 workers across the globe.

WD-40 was founded in 1953.

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.