WD-40 Company (NASDAQ:WDFC) – Stock analysts at FBR & Co issued their FY2017 EPS estimates for shares of WD-40 Company in a report issued on Tuesday. FBR & Co analyst L. Burke forecasts that the specialty chemicals company will post earnings per share of $3.66 for the year. FBR & Co currently has a “Marketperform” rating on the stock. FBR & Co also issued estimates for WD-40 Company’s FY2018 earnings at $3.92 EPS.
Other research analysts have also recently issued reports about the stock. B. Riley reiterated a “neutral” rating and set a $116.00 price target on shares of WD-40 Company in a research report on Thursday, April 13th. Zacks Investment Research upgraded shares of WD-40 Company from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Thursday. Finally, BidaskClub upgraded shares of WD-40 Company from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. WD-40 Company presently has an average rating of “Hold” and a consensus price target of $111.50.
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Shares of WD-40 Company (NASDAQ WDFC) opened at 107.30 on Friday. WD-40 Company has a 12-month low of $100.60 and a 12-month high of $125.00. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 28.99 and a beta of 0.74. The firm’s 50-day moving average is $107.70 and its 200-day moving average is $108.22.
WD-40 Company (NASDAQ:WDFC) last posted its earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.11. WD-40 Company had a net margin of 13.85% and a return on equity of 39.64%. The firm had revenue of $98.20 million for the quarter, compared to analyst estimates of $99.09 million. During the same period in the previous year, the firm posted $0.88 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in shares of WD-40 Company by 77.4% in the second quarter. State of Alaska Department of Revenue now owns 2,768 shares of the specialty chemicals company’s stock valued at $305,000 after buying an additional 1,208 shares in the last quarter. State Street Corp boosted its position in shares of WD-40 Company by 6.8% in the first quarter. State Street Corp now owns 362,901 shares of the specialty chemicals company’s stock valued at $39,542,000 after buying an additional 23,265 shares in the last quarter. Bank of America Corp DE boosted its position in shares of WD-40 Company by 11.4% in the first quarter. Bank of America Corp DE now owns 45,824 shares of the specialty chemicals company’s stock valued at $4,993,000 after buying an additional 4,691 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of WD-40 Company by 5.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 76,969 shares of the specialty chemicals company’s stock valued at $8,386,000 after buying an additional 3,762 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new position in shares of WD-40 Company during the first quarter valued at about $219,000. Hedge funds and other institutional investors own 82.38% of the company’s stock.
In other news, VP Jay Rembolt sold 618 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $110.00, for a total value of $67,980.00. Following the transaction, the vice president now owns 36,837 shares in the company, valued at $4,052,070. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mario L. Crivello sold 4,726 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $104.25, for a total transaction of $492,685.50. The disclosure for this sale can be found here. Insiders sold 6,580 shares of company stock worth $696,614 in the last 90 days. Company insiders own 3.90% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 21st will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, July 19th. WD-40 Company’s dividend payout ratio is 52.97%.
WD-40 Company Company Profile
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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