FY2025 Earnings Estimate for WD-40 Issued By DA Davidson

WD-40 (NASDAQ:WDFC) – Equities researchers at DA Davidson cut their FY2025 earnings estimates for shares of WD-40 in a research note issued to investors on Monday, October 21st. DA Davidson analyst L. Weiser now anticipates that the specialty chemicals company will post earnings per share of $5.41 for the year, down from their prior estimate of $5.62. 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 posted its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). WD-40 had a return on equity of 32.23% and a net margin of 11.79%. The business had revenue of $156.00 million during the quarter, compared to analyst estimates of $149.20 million. During the same period in the previous year, the business earned $1.21 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year.

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

WD-40 Price Performance

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WDFC. V Square Quantitative Management LLC purchased a new position in shares of WD-40 during the 3rd quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale purchased a new position in WD-40 in the 1st quarter valued at about $34,000. Advisors Asset Management Inc. purchased a new stake in WD-40 during the 1st quarter worth approximately $43,000. Covestor Ltd lifted its position in shares of WD-40 by 57.7% in the first quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock valued at $55,000 after acquiring an additional 79 shares in the last quarter. Finally, Blue Trust Inc. acquired a new stake in shares of WD-40 in the second quarter worth approximately $67,000. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $3.52 annualized dividend and a yield of 1.33%. WD-40’s dividend payout ratio is presently 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.