WD-40 (NASDAQ:WDFC) Releases FY25 Earnings Guidance

WD-40 (NASDAQ:WDFC) issued an update on its FY25 earnings guidance on Friday morning. The company provided EPS guidance of $5.20-$5.45 for the period, compared to the consensus EPS estimate of $5.36. WD-40 also updated its FY 2025 guidance to 5.200-5.450 EPS.

Analysts Set New Price Targets

WDFC has been the topic of several recent analyst reports. Jefferies Financial Group upped their price target on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, October 18th. DA Davidson reaffirmed a “buy” rating and issued a $322.00 target price on shares of WD-40 in a research report on Monday, November 18th.

WD-40 Trading Up 0.9 %

WDFC opened at $240.75 on Friday. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $264.59 and a 200-day simple moving average of $256.42. The firm has a market cap of $3.26 billion, a P/E ratio of 47.11 and a beta of -0.04.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.10. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The business had revenue of $153.30 million for the quarter, compared to analysts’ expectations of $147.40 million. During the same quarter in the prior year, the company earned $1.28 earnings per share. The business’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities analysts expect that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.94 dividend. This is an increase from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.56%. WD-40’s payout ratio is 73.58%.

Insider Activity

In related news, Director William B. Noble sold 800 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $256.98, for a total transaction of $205,584.00. Following the completion of the transaction, the director now owns 8,999 shares in the company, valued at approximately $2,312,563.02. The trade was a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

About WD-40

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.