DA Davidson Comments on WD-40's Q2 Earnings (NASDAQ:WDFC)

WD-40 (NASDAQ:WDFC - Free Report) - Analysts at DA Davidson issued their Q2 2025 EPS estimates for shares of WD-40 in a research report issued to clients and investors on Wednesday, January 22nd. DA Davidson analyst L. Weiser forecasts that the specialty chemicals company will post earnings of $1.42 per share for the quarter. 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 $5.36 per share. DA Davidson also issued estimates for WD-40's FY2025 earnings at $5.54 EPS.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.29 by $0.10. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. During the same period in the prior year, the business earned $1.28 earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis.

Separately, Jefferies Financial Group upped their price objective on WD-40 from $250.00 to $280.00 and gave the company a "hold" rating in a research report on Friday, October 18th.

WD-40 Price Performance

NASDAQ:WDFC traded up $1.76 during trading hours on Friday, reaching $233.09. 77,311 shares of the company traded hands, compared to its average volume of 125,961. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The firm's 50-day moving average is $254.96 and its 200-day moving average is $257.08. The stock has a market cap of $3.16 billion, a P/E ratio of 44.65 and a beta of -0.04. WD-40 has a 1-year low of $211.03 and a 1-year high of $292.36.

WD-40 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be issued a $0.94 dividend. The ex-dividend date of this dividend is Friday, January 17th. This is an increase from WD-40's previous quarterly dividend of $0.88. This represents a $3.76 annualized dividend and a yield of 1.61%. WD-40's payout ratio is 72.03%.

Insiders Place Their Bets

In other news, Director William B. Noble sold 1,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total transaction of $289,700.00. Following the transaction, the director now directly owns 7,999 shares in the company, valued at $2,317,310.30. This represents a 11.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.75% of the company's stock.

Hedge Funds Weigh In On WD-40

A number of large investors have recently bought and sold shares of the stock. Coldstream Capital Management Inc. grew its stake in shares of WD-40 by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,243 shares of the specialty chemicals company's stock valued at $321,000 after buying an additional 40 shares during the period. Inspire Investing LLC grew its position in WD-40 by 3.8% during the fourth quarter. Inspire Investing LLC now owns 1,658 shares of the specialty chemicals company's stock valued at $402,000 after acquiring an additional 61 shares during the period. Covestor Ltd increased its stake in WD-40 by 41.3% during the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company's stock worth $58,000 after acquiring an additional 66 shares during the last quarter. Curbstone Financial Management Corp raised its holdings in shares of WD-40 by 1.2% in the 4th quarter. Curbstone Financial Management Corp now owns 5,696 shares of the specialty chemicals company's stock worth $1,382,000 after purchasing an additional 70 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of WD-40 by 23.1% in the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock valued at $97,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.

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.