WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand name. It also offers multi-purpose and specialty drip oils, and spray lubricant products, as well as other specialty maintenance products under the 3-IN-ONE brand name; and professional spray maintenance products and lubricants for the bike market under the GT85 brand name. In addition, the company provides automatic toilet bowl cleaners under the 2000 Flushes brand name; aerosol and liquid trigger carpet stain and odor eliminators under the Spot Shot brand; room and rug deodorizers under the Carpet Fresh brand name; carpet and household cleaners, and rug and room deodorizers under the 1001 brand; heavy-duty hand cleaner products under the Lava brand name in the United States, as well as under the Solvol brand name in Australia; and automatic toilet bowl cleaners under the X-14 brand name. It sells its products primarily through warehouse club stores, hardware stores, automotive parts outlets, industrial distributors and suppliers, mass retail and home center stores, value retailers, grocery stores, online retailers, farm supply, sport retailers, and independent bike dealers. The company was founded in 1953 and is headquartered in San Diego, California.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on WDFC shares. DA Davidson upgraded shares of WD-40 from a "neutral" rating to a "buy" rating and set a $205.00 target price for the company in a report on Monday, July 18th. BWS Financial initiated coverage on shares of WD-40 in a research note on Thursday, July 14th. They set a "sell" rating and a $88.00 price target on the stock. Finally, TheStreet cut shares of WD-40 from a "b-" rating to a "c+" rating in a report on Friday, July 8th.
WD-40 Stock Performance
Shares of NASDAQ:WDFC traded up $9.36 during trading hours on Monday, hitting $205.77. 123,358 shares of the stock were exchanged, compared to its average volume of 100,605. WD-40 has a one year low of $163.61 and a one year high of $255.31. The company's 50 day moving average is $185.88 and its 200 day moving average is $191.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.51 and a quick ratio of 1.51. The firm has a market capitalization of $2.80 billion, a P/E ratio of 46.45 and a beta of -0.23.
WD-40 (NASDAQ:WDFC - Get Rating) last 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). WD-40 had a return on equity of 30.75% and a net margin of 12.10%. The company had revenue of $123.67 million for the quarter, compared to the consensus estimate of $142.80 million. During the same quarter in the previous year, the firm posted $1.52 EPS. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, research analysts expect that WD-40 will post 5.08 EPS for the current year.
WD-40 Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $3.12 annualized dividend and a dividend yield of 1.52%. WD-40's dividend payout ratio (DPR) is currently 70.43%.
Insider Activity at WD-40
In related news, Director Eric Etchart acquired 500 shares of the business's stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $177.60 per share, with a total value of $88,800.00. Following the completion of the acquisition, the director now owns 5,692 shares in the company, valued at $1,010,899.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.33% of the stock is currently owned by insiders.