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 year. 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.
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2 analysts have issued 12 month price targets for WD-40's stock. Their WDFC share price forecasts range from $88.00 to $207.00. On average, they anticipate the company's stock price to reach $147.50 in the next twelve months. This suggests that the stock has a possible downside of 16.4%.
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WD-40's stock was trading at $161.21 at the beginning of 2023. Since then, WDFC shares have increased by 9.5% and is now trading at $176.49.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 6th 2023.
View our WDFC earnings forecast.

WD-40 (NASDAQ:WDFC) issued its quarterly earnings data on Monday, January, 9th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.09 by $0.07. The specialty chemicals company earned $124.89 million during the quarter, compared to the consensus estimate of $140.70 million. WD-40 had a trailing twelve-month return on equity of 32.44% and a net margin of 12.33%. The firm's revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 EPS.

WD-40 declared a quarterly dividend on Tuesday, December 13th. Shareholders of record on Friday, January 13th will be paid a dividend of $0.83 per share on Tuesday, January 31st. This represents a $3.32 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, January 12th. This is a positive change from the stock's previous quarterly dividend of $0.78.
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), First Trust Value Line Dividend Index Fund (FVD), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL), Franklin U.S. Small Cap Multifactor Index ETF (FLQS), SPDR S&P 600 Small Cap Growth ETF (SLYG) and iShares S&P Small-Cap 600 Growth ETF (IJT).

WD-40 (NASDAQ:WDFC) pays an annual dividend of $3.32 per share and currently has a dividend yield of 1.93%. 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 72.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WDFC will have a dividend payout ratio of 55.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WDFC.

WD-40 issued an update on its FY23 earnings guidance on Monday, January, 9th. The company provided EPS guidance of $5.09-5.24 for the period, compared to the consensus earnings per share estimate of $5.17. The company issued revenue guidance of $545-570 million, compared to the consensus revenue estimate of $545.93 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), Honeywell International (HON), 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 investors include Neuberger Berman Group LLC (6.34%), First Trust Advisors LP (3.33%), Conestoga Capital Advisors LLC (2.15%), Geode Capital Management LLC (2.08%), Dimensional Fund Advisors LP (2.00%) and Renaissance Technologies LLC (1.81%). Insiders that own company stock include Eric Etchart, Garry O Ridge, Geoffrey Holdsworth, Jay Rembolt, Patricia Q Olsem, 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 $176.49.

WD-40 (NASDAQ:WDFC) has a market capitalization of $2.40 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 $4.58 on an earnings per share basis.

The company employs 540 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.