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

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

Shares of NASDAQ WDFC opened at $191.92 on Thursday. The firm’s 50-day simple moving average is $195.77 and its 200 day simple moving average is $219.78. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 39.33 and a beta of -0.16. The company has a quick ratio of 1.91, a current ratio of 2.81 and a debt-to-equity ratio of 0.57. WD-40 has a 12-month low of $170.44 and a 12-month high of $279.98.

WD-40 (NASDAQ:WDFCGet Rating) last issued its quarterly earnings results on Thursday, April 7th. The specialty chemicals company reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.39. The business had revenue of $130.00 million for the quarter, compared to the consensus estimate of $126.80 million. WD-40 had a net margin of 13.07% and a return on equity of 33.73%. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 EPS. On average, equities analysts expect that WD-40 will post 5.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Investors of record on Friday, April 15th will be given a dividend of $0.78 per share. The ex-dividend date is Wednesday, April 13th. This represents a $3.12 annualized dividend and a yield of 1.63%. WD-40’s dividend payout ratio (DPR) is 63.93%.

Several research analysts recently issued reports on WDFC shares. Zacks Investment Research downgraded shares of WD-40 from a hold rating to a sell rating in a research report on Wednesday, April 6th. DA Davidson upgraded shares of WD-40 from an underperform rating to a neutral rating in a research report on Friday, April 8th. StockNews.com started coverage on shares of WD-40 in a research report on Thursday, March 31st. They set a hold rating on the stock. Finally, TheStreet upgraded shares of WD-40 from a c+ rating to a b- rating in a research report on Thursday, December 23rd.

A number of institutional investors and hedge funds have recently modified their holdings of WDFC. Jane Street Group LLC boosted its position in WD-40 by 30.5% during the third quarter. Jane Street Group LLC now owns 2,718 shares of the specialty chemicals company’s stock worth $629,000 after purchasing an additional 636 shares during the period. UBS Group AG boosted its position in WD-40 by 2.6% during the third quarter. UBS Group AG now owns 4,889 shares of the specialty chemicals company’s stock worth $1,132,000 after purchasing an additional 123 shares during the period. State of Tennessee Treasury Department boosted its position in WD-40 by 48.6% during the fourth quarter. State of Tennessee Treasury Department now owns 6,553 shares of the specialty chemicals company’s stock worth $1,604,000 after purchasing an additional 2,144 shares during the period. Deutsche Bank AG boosted its position 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 during the period. Finally, Thrivent Financial for Lutherans boosted its position in WD-40 by 0.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 11,157 shares of the specialty chemicals company’s stock worth $2,729,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

About WD-40 (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.

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

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