Jefferies Financial Group Comments on WD-40’s Q4 2019 Earnings (WDFC)

WD-40 (NASDAQ:WDFC) – Equities researchers at Jefferies Financial Group lifted their Q4 2019 EPS estimates for WD-40 in a research note issued to investors on Wednesday, January 9th. Jefferies Financial Group analyst D. Rizzo now anticipates that the specialty chemicals company will post earnings of $1.30 per share for the quarter, up from their prior forecast of $1.22. Jefferies Financial Group also issued estimates for WD-40’s FY2021 earnings at $5.67 EPS.

WDFC has been the subject of several other reports. Zacks Investment Research lowered WD-40 from a “hold” rating to a “sell” rating in a research report on Saturday, December 1st. BidaskClub upgraded WD-40 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 25th. Finally, DA Davidson began coverage on WD-40 in a research report on Friday, December 7th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $149.67.

WD-40 stock opened at $169.99 on Friday. The stock has a market cap of $2.54 billion, a PE ratio of 41.16, a P/E/G ratio of 4.06 and a beta of 0.39. WD-40 has a 1 year low of $116.10 and a 1 year high of $187.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.53.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Wednesday, January 9th. The specialty chemicals company reported $0.95 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. The company had revenue of $101.30 million during the quarter, compared to analyst estimates of $99.10 million. WD-40 had a return on equity of 38.46% and a net margin of 15.98%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 EPS.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vident Investment Advisory LLC lifted its stake in WD-40 by 9.8% in the 2nd quarter. Vident Investment Advisory LLC now owns 3,416 shares of the specialty chemicals company’s stock valued at $500,000 after acquiring an additional 306 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in WD-40 by 13.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,936 shares of the specialty chemicals company’s stock valued at $505,000 after acquiring an additional 358 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in WD-40 by 12.5% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,312 shares of the specialty chemicals company’s stock valued at $570,000 after acquiring an additional 369 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in WD-40 by 44.9% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,224 shares of the specialty chemicals company’s stock valued at $211,000 after acquiring an additional 379 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its stake in WD-40 by 10.9% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 4,490 shares of the specialty chemicals company’s stock valued at $657,000 after acquiring an additional 441 shares in the last quarter. Institutional investors and hedge funds own 89.87% of the company’s stock.

In related news, insider Michael L. Freeman sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $167.36, for a total value of $1,004,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael L. Freeman sold 5,386 shares of the business’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $169.23, for a total value of $911,472.78. The disclosure for this sale can be found here. Insiders sold a total of 15,720 shares of company stock valued at $2,630,634 over the last quarter. 2.09% of the stock is owned by insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Tuesday, December 18th will be given a $0.61 dividend. The ex-dividend date of this dividend is Thursday, January 17th. This is a positive change from WD-40’s previous quarterly dividend of $0.54. This represents a $2.44 annualized dividend and a dividend yield of 1.44%. WD-40’s payout ratio is currently 52.30%.

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

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