WD-40 - WDFC Stock Forecast, Price & News

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.

WD-40 Trading Down 0.1 %

Shares of NASDAQ:WDFC traded down $0.19 during midday trading on Friday, hitting $178.01. 106,584 shares of the stock were exchanged, compared to its average volume of 147,030. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 40.18 and a beta of -0.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.51 and a current ratio of 2.51. The business's 50-day moving average price is $185.62 and its 200 day moving average price is $192.88. WD-40 has a 12 month low of $163.61 and a 12 month high of $255.31.

WD-40 (NASDAQ:WDFC - Get Rating) last announced its earnings results on Thursday, July 7th. The specialty chemicals company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.21). WD-40 had a net margin of 12.10% and a return on equity of 30.75%. The company had revenue of $123.67 million during the quarter, compared to the consensus estimate of $142.80 million. During the same quarter in the previous year, the company earned $1.52 earnings per share. The business's revenue was down 9.3% on a year-over-year basis. Analysts predict that WD-40 will post 5.08 earnings per share for the current year.

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, July 14th. WD-40's dividend payout ratio (DPR) is presently 70.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WDFC shares. TheStreet downgraded WD-40 from a "b-" rating to a "c+" rating in a report on Friday, July 8th. BWS Financial initiated coverage on WD-40 in a research note on Thursday, July 14th. They issued a "sell" rating and a $88.00 price target for the company. Finally, DA Davidson raised WD-40 from a "neutral" rating to a "buy" rating and set a $205.00 price target for the company in a research note on Monday, July 18th.

Insider Buying and Selling at WD-40

In other news, Director Eric Etchart bought 500 shares of the stock in a transaction dated Thursday, August 4th. The shares were bought at an average cost of $177.60 per share, with a total value of $88,800.00. Following the completion of the transaction, the director now directly owns 5,692 shares of the company's stock, valued at $1,010,899.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.33% of the company's stock.