WD-40 (NASDAQ:WDFC) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.51-$4.58 for the period, compared to the Thomson Reuters consensus estimate of $4.65. The company issued revenue guidance of $425-$437 million, compared to the consensus revenue estimate of $434.00 million.
WD-40 stock traded down $1.45 during midday trading on Thursday, reaching $156.50. 69,100 shares of the stock traded hands, compared to its average volume of 65,277. WD-40 has a 12-month low of $108.20 and a 12-month high of $184.25. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 42.07 and a beta of 0.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.75 and a quick ratio of 1.47.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 19th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, October 18th. WD-40’s dividend payout ratio (DPR) is 58.06%.
A number of equities analysts recently commented on WDFC shares. B. Riley raised their target price on WD-40 from $135.00 to $152.00 and gave the company a neutral rating in a report on Wednesday, July 11th. Zacks Investment Research upgraded WD-40 from a hold rating to a buy rating and set a $177.00 price objective for the company in a research note on Sunday, July 15th. Finally, BidaskClub cut WD-40 from a strong-buy rating to a buy rating in a research note on Thursday, July 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. WD-40 presently has a consensus rating of Hold and a consensus price target of $142.75.
In other news, insider William B. Noble sold 2,000 shares of WD-40 stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $166.13, for a total value of $332,260.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.62% of the company’s stock.
WD-40 Company Profile
WD-40 Company engages in the development and sale of maintenance products, and homecare and cleaning products. It offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand name; and bicycle maintenance products under the WD-40 Bike brand name comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products that are designed for avid and recreational cyclists, bike enthusiasts, and mechanics.
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