DA Davidson Has Negative Outlook for WD-40 FY2025 Earnings

WD-40 (NASDAQ:WDFC) – Equities research analysts at DA Davidson decreased their FY2025 EPS estimates for shares of WD-40 in a research note issued on Monday, October 21st. DA Davidson analyst L. Weiser now forecasts that the specialty chemicals company will post earnings per share of $5.41 for the year, down from their prior forecast of $5.62. DA Davidson currently has a “Buy” rating and a $322.00 price target on the stock. The consensus estimate for WD-40’s current full-year earnings is $5.30 per share.

Separately, Jefferies Financial Group upped their price target on shares of WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

WD-40 Trading Up 2.1 %

WD-40 stock opened at $263.87 on Wednesday. WD-40 has a 12-month low of $203.10 and a 12-month high of $278.78. The stock has a market capitalization of $3.58 billion, a PE ratio of 51.64 and a beta of -0.08. The firm has a 50 day simple moving average of $257.16 and a 200-day simple moving average of $242.49. 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 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). WD-40 had a return on equity of 32.23% and a net margin of 11.79%. The business had revenue of $156.00 million during the quarter, compared to the consensus estimate of $149.20 million. During the same period last year, the company earned $1.21 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, October 18th. WD-40’s dividend payout ratio is 68.88%.

Institutional Trading of WD-40

Large investors have recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. purchased a new position in shares of WD-40 during the first quarter valued at $20,491,000. Millennium Management LLC grew its stake in WD-40 by 80.5% during the 2nd quarter. Millennium Management LLC now owns 69,650 shares of the specialty chemicals company’s stock valued at $15,298,000 after acquiring an additional 31,055 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of WD-40 in the 1st quarter valued at about $4,180,000. Lazard Asset Management LLC lifted its position in shares of WD-40 by 83.6% in the first quarter. Lazard Asset Management LLC now owns 26,226 shares of the specialty chemicals company’s stock worth $6,642,000 after purchasing an additional 11,939 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of WD-40 by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock worth $411,374,000 after purchasing an additional 6,532 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.

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.