Q1 Earnings Forecast for WD-40 Issued By DA Davidson

WD-40 (NASDAQ:WDFC) – Equities research analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of WD-40 in a report issued on Monday, October 21st. DA Davidson analyst L. Weiser forecasts that the specialty chemicals company will post earnings of $1.26 per share for the quarter. DA Davidson currently has a “Buy” rating and a $322.00 target price on the stock. The consensus estimate for WD-40’s current full-year earnings is $5.30 per share.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.11). The firm had revenue of $156.00 million during the quarter, compared to the consensus estimate of $149.20 million. WD-40 had a net margin of 11.79% and a return on equity of 32.23%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.21 earnings per share.

Separately, Jefferies Financial Group lifted their price objective on shares of WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research report on Friday, October 18th.

WD-40 Trading Up 0.1 %

Shares of NASDAQ:WDFC opened at $264.19 on Tuesday. The company has a market cap of $3.58 billion, a PE ratio of 51.90 and a beta of -0.08. The company’s 50-day moving average price is $257.50 and its 200 day moving average price is $242.64. WD-40 has a fifty-two week low of $207.95 and a fifty-two week high of $278.78. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40.

Institutional Trading of WD-40

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of WD-40 by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock worth $411,374,000 after buying an additional 6,532 shares in the last quarter. Dimensional Fund Advisors LP grew its position in WD-40 by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 307,097 shares of the specialty chemicals company’s stock worth $67,452,000 after acquiring an additional 5,893 shares in the last quarter. Bank of New York Mellon Corp grew its position in WD-40 by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 142,222 shares of the specialty chemicals company’s stock worth $31,238,000 after acquiring an additional 3,458 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in WD-40 by 13.7% in the second quarter. Jupiter Asset Management Ltd. now owns 92,005 shares of the specialty chemicals company’s stock worth $20,208,000 after acquiring an additional 11,112 shares in the last quarter. Finally, Millennium Management LLC grew its position in WD-40 by 80.5% in the second quarter. Millennium Management LLC now owns 69,650 shares of the specialty chemicals company’s stock worth $15,298,000 after acquiring an additional 31,055 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors.

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, October 18th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. WD-40’s dividend payout ratio (DPR) is 69.16%.

WD-40 Company Profile

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, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.