WD-40 (WDFC) Set to Announce Quarterly Earnings on Wednesday

WD-40 (NASDAQ:WDFC) is scheduled to be announcing its earnings results after the market closes on Wednesday, July 10th. Analysts expect the company to announce earnings of $1.33 per share for the quarter. WD-40 has set its FY24 guidance at $5.00-$5.30 EPS and its FY 2024 guidance at 5.000-5.300 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.13 by $0.01. The business had revenue of $139.10 million during the quarter, compared to the consensus estimate of $140.51 million. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 earnings per share. On average, analysts expect WD-40 to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

WD-40 Stock Performance

NASDAQ:WDFC opened at $217.87 on Wednesday. The firm has a market capitalization of $2.95 billion, a PE ratio of 43.49 and a beta of -0.07. The business’s fifty day moving average price is $227.39 and its 200 day moving average price is $244.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 1.56. WD-40 has a 12 month low of $182.87 and a 12 month high of $278.78.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, July 19th. WD-40’s payout ratio is 70.26%.

Insider Activity at WD-40

In related news, CFO Sara Kathleen Hyzer purchased 213 shares of WD-40 stock in a transaction dated Thursday, May 9th. The stock was bought at an average cost of $232.83 per share, for a total transaction of $49,592.79. Following the transaction, the chief financial officer now owns 2,676 shares in the company, valued at $623,053.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director David Pendarvis purchased 328 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were bought at an average price of $234.75 per share, for a total transaction of $76,998.00. Following the acquisition, the director now directly owns 4,934 shares in the company, valued at $1,158,256.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sara Kathleen Hyzer bought 213 shares of WD-40 stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average price of $232.83 per share, for a total transaction of $49,592.79. Following the acquisition, the chief financial officer now directly owns 2,676 shares in the company, valued at approximately $623,053.08. The disclosure for this purchase can be found here. Insiders bought a total of 973 shares of company stock worth $226,910 over the last 90 days. Company insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated a “buy” rating and set a $313.00 target price on shares of WD-40 in a research note on Tuesday, June 18th.

WD-40 Company Profile

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.