WD-40 - WDFC Stock Forecast, Price & News

2 Wall Street 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 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 target prices for WD-40's stock. Their WDFC share price forecasts range from $88.00 to $207.00. On average, they predict the company's stock price to reach $147.50 in the next twelve months. This suggests that the stock has a possible downside of 18.7%.
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WD-40's stock was trading at $161.21 at the beginning of the year. Since then, WDFC shares have increased by 12.6% and is now trading at $181.46.
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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 (EPS) for the quarter, missing the consensus estimate of $1.09 by $0.07. The specialty chemicals company earned $124.89 million during the quarter, compared to analysts' expectations 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 business's revenue for the quarter was down 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share.

WD-40 declared a quarterly dividend on Tuesday, December 13th. Stockholders 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 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Thursday, January 12th. This is an increase from the stock's previous quarterly dividend of $0.78.
Read our dividend analysis for WDFC.

WD-40 (NASDAQ:WDFC) pays an annual dividend of $3.32 per share and currently has a dividend yield of 1.86%. 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 updated its FY23 earnings guidance on Monday, January, 9th. The company provided earnings per share guidance of $5.09-5.24 for the period, compared to the consensus 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), 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 retail and institutional investors. Top institutional investors include Conestoga Capital Advisors LLC (2.15%), Natixis Advisors L.P. (0.61%), ProShare Advisors LLC (0.40%), Comerica Bank (0.24%), New York State Teachers Retirement System (0.16%) and Whittier Trust Co. of Nevada Inc. (0.12%). 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 $181.46.

WD-40 (NASDAQ:WDFC) has a market capitalization of $2.47 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.