WD-40 (NASDAQ:WDFC) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $4.58-4.65 for the period. The company issued revenue guidance of $425-437 million, compared to the consensus revenue estimate of $423.29 million.WD-40 also updated its FY19 guidance to $4.58-4.65 EPS.
Several research firms have recently commented on WDFC. ValuEngine cut shares of Zions Bancorporation NA from a hold rating to a sell rating in a report on Wednesday, March 20th. BidaskClub cut shares of Waterstone Financial from a hold rating to a sell rating in a report on Friday, June 21st.
WDFC stock opened at $176.37 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.49 and a current ratio of 1.90. WD-40 has a 1 year low of $149.38 and a 1 year high of $187.50. The firm has a fifty day simple moving average of $161.46. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 3.77 and a beta of 0.28.
WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Tuesday, July 9th. The specialty chemicals company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.08. WD-40 had a net margin of 16.45% and a return on equity of 40.12%. The business had revenue of $114.00 million during the quarter, compared to analyst estimates of $109.40 million. During the same quarter in the previous year, the business earned $1.15 EPS. WD-40’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts anticipate that WD-40 will post 4.65 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 19th will be paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, July 18th. WD-40’s payout ratio is presently 59.08%.
In other WD-40 news, Director Daniel E. Pittard acquired 400 shares of WD-40 stock in a transaction that occurred on Thursday, April 18th. The stock was acquired at an average price of $165.00 per share, with a total value of $66,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven A. Brass sold 822 shares of WD-40 stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $164.30, for a total transaction of $135,054.60. The disclosure for this sale can be found here. 2.09% of the stock is currently owned by insiders.
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 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 and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.
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