WD-40 - WDFC Stock Forecast, Price & News

2 Wall Street 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 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 objectives for WD-40's stock. Their WDFC share price forecasts range from $88.00 to $205.00. On average, they anticipate the company's share price to reach $146.50 in the next twelve months. This suggests that the stock has a possible downside of 24.5%.
View analysts price targets for WDFC or view top-rated stocks among Wall Street analysts.

WD-40's stock was trading at $244.64 at the beginning of 2022. Since then, WDFC stock has decreased by 20.7% and is now trading at $194.06.
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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) issued its quarterly earnings results on Thursday, July, 7th. The specialty chemicals company reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by $0.21. The specialty chemicals company earned $123.67 million during the quarter, compared to analyst estimates of $142.80 million. WD-40 had a trailing twelve-month return on equity of 30.75% and a net margin of 12.10%. WD-40's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the business posted $1.52 earnings per share.

WD-40 announced a quarterly dividend on Tuesday, June 21st. Stockholders of record on Friday, July 15th will be given a dividend of $0.78 per share on Friday, July 29th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date 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 1.66%. 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 EPS guidance of $5.02-$5.10 for the period, compared to the consensus EPS 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), 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 a number of retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (2.25%), Principal Financial Group Inc. (1.84%), Geneva Capital Management LLC (1.26%), ProShare Advisors LLC (0.34%), California Public Employees Retirement System (0.34%) and Rhumbline Advisers (0.31%). 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 $194.06.

WD-40 (NASDAQ:WDFC) has a market capitalization of $2.65 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.