Q1 Earnings Estimate for WD-40 Issued By DA Davidson

WD-40 (NASDAQ:WDFC) – Stock analysts at DA Davidson issued their Q1 2025 EPS estimates for WD-40 in a research note issued on Monday, October 21st. DA Davidson analyst L. Weiser forecasts that the specialty chemicals company will earn $1.26 per share for the quarter. DA Davidson has a “Buy” rating and a $322.00 price objective on the stock. The consensus estimate for WD-40’s current full-year earnings is $5.30 per share.

Separately, Jefferies Financial Group raised 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.

WD-40 Trading Up 2.9 %

NASDAQ WDFC opened at $258.52 on Tuesday. WD-40 has a 52 week low of $203.10 and a 52 week high of $278.78. The firm has a 50 day moving average of $256.78 and a two-hundred day moving average of $242.40. The stock has a market capitalization of $3.50 billion, a PE ratio of 50.59 and a beta of -0.08. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.11). WD-40 had a net margin of 11.79% and a return on equity of 32.23%. The company had revenue of $156.00 million during the quarter, compared to analyst estimates of $149.20 million. During the same quarter in the previous year, the business posted $1.21 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis.

Hedge Funds Weigh In On WD-40

A number of hedge funds have recently modified their holdings of WDFC. Acadian Asset Management LLC lifted its holdings in shares of WD-40 by 1,131.2% during the first quarter. Acadian Asset Management LLC now owns 4,063 shares of the specialty chemicals company’s stock worth $1,023,000 after purchasing an additional 3,733 shares during the period. Vanguard Group Inc. increased its holdings in WD-40 by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock valued at $411,374,000 after buying an additional 6,532 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in WD-40 in the 1st quarter valued at approximately $20,491,000. Lord Abbett & CO. LLC purchased a new stake in WD-40 during the first quarter worth $4,180,000. Finally, Quest Partners LLC acquired a new position in shares of WD-40 during the 2nd quarter worth $547,000. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, October 18th. This represents a $3.52 dividend on an annualized basis and a yield of 1.36%. WD-40’s dividend payout ratio is presently 68.88%.

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.