WD-40 (NASDAQ:WDFC) Releases FY 2022 Earnings Guidance

WD-40 (NASDAQ:WDFCGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $5.140-$5.270 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.260. The company issued revenue guidance of $522 million-$547 million, compared to the consensus revenue estimate of $533.28 million.

WDFC has been the topic of several recent analyst reports. DA Davidson raised WD-40 from an underperform rating to a neutral rating in a research note on Friday, April 8th. StockNews.com initiated coverage on WD-40 in a research report on Thursday, March 31st. They set a hold rating on the stock. Zacks Investment Research downgraded shares of WD-40 from a hold rating to a sell rating in a report on Wednesday, April 6th. Finally, TheStreet upgraded shares of WD-40 from a c+ rating to a b- rating in a report on Thursday, December 23rd.

Shares of WDFC opened at $186.36 on Thursday. WD-40 has a fifty-two week low of $170.44 and a fifty-two week high of $279.98. The company has a market capitalization of $2.55 billion, a P/E ratio of 38.19 and a beta of -0.16. The business’s 50-day moving average is $198.54 and its two-hundred day moving average is $221.22. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.91 and a current ratio of 2.81.

WD-40 (NASDAQ:WDFCGet Rating) last announced its earnings results on Thursday, April 7th. The specialty chemicals company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.39. WD-40 had a return on equity of 33.73% and a net margin of 13.07%. The business had revenue of $130.00 million during the quarter, compared to analysts’ expectations of $126.80 million. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The business’s revenue was up 16.2% compared to the same quarter last year. Analysts forecast that WD-40 will post 5.23 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Friday, April 15th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, April 13th. WD-40’s dividend payout ratio (DPR) is presently 63.93%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in WD-40 by 3.4% in the fourth quarter. BlackRock Inc. now owns 2,100,202 shares of the specialty chemicals company’s stock valued at $513,793,000 after acquiring an additional 69,532 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of WD-40 by 5.6% in the 4th quarter. Wells Fargo & Company MN now owns 81,221 shares of the specialty chemicals company’s stock valued at $19,870,000 after purchasing an additional 4,312 shares during the last quarter. Goldman Sachs Group Inc. grew its position in WD-40 by 45.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 84,277 shares of the specialty chemicals company’s stock valued at $20,617,000 after buying an additional 26,382 shares during the last quarter. Deutsche Bank AG raised its holdings in WD-40 by 3.0% during the fourth quarter. Deutsche Bank AG now owns 9,790 shares of the specialty chemicals company’s stock worth $2,394,000 after purchasing an additional 285 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of WD-40 by 2.0% in the fourth quarter. California State Teachers Retirement System now owns 19,001 shares of the specialty chemicals company’s stock valued at $4,648,000 after purchasing an additional 378 shares during the period. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Company Profile (Get Rating)

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.

Further Reading

Earnings History and Estimates for WD-40 (NASDAQ:WDFC)

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