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.
View WDFC analyst ratings or view top-rated stocks.

2 brokerages have issued 1-year target prices 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 14.5%.
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WD-40's stock was trading at $244.64 at the start of the year. Since then, WDFC shares have decreased by 29.5% and is now trading at $172.50.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 5th 2023.
View our WDFC earnings forecast.

WD-40 (NASDAQ:WDFC) posted its earnings results on Wednesday, October, 19th. The specialty chemicals company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by $0.14. The specialty chemicals company had revenue of $130.40 million for the quarter, compared to analysts' expectations of $131.10 million. WD-40 had a net margin of 12.98% and a trailing twelve-month return on equity of 34.48%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS.

WD-40 announced a quarterly dividend on Tuesday, October 11th. Stockholders of record on Friday, October 21st will be given a dividend of $0.78 per share on Monday, October 31st. This represents a $3.12 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, October 20th.
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 1.80%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 63.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WDFC will have a dividend payout ratio of 52.17% 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 FY 2023 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $5.09-$5.24 for the period, compared to the consensus EPS estimate of $5.73. The company issued revenue guidance of $545.00 million-$570.00 million, compared to the consensus revenue estimate of $546.75 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.56%), Vanguard Group Inc. (11.95%), Neuberger Berman Group LLC (6.46%), Kayne Anderson Rudnick Investment Management LLC (4.15%), First Trust Advisors LP (2.58%) and Conestoga Capital Advisors LLC (2.15%). 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 $172.50.

WD-40 (NASDAQ:WDFC) has a market capitalization of $2.34 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 $4.90 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.