Factors Likely to Have Influenced Earnings Results WD-40 (NASDAQ:WDFC)

Earnings results for WD-40 (NASDAQ:WDFC)

WD-40 Company is expected* to report earnings on 01/07/2021 after market close. The report will be for the fiscal Quarter ending Nov 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.03. The reported EPS for the same quarter last year was $0.88.

WD-40 last issued its quarterly earnings data on October 20th, 2020. The specialty chemicals company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.29. The business earned $111.60 million during the quarter, compared to analysts’ expectations of $98.80 million. Its revenue for the quarter was up 4.3% compared to the same quarter last year. WD-40 has generated $4.40 earnings per share over the last year and currently has a price-to-earnings ratio of 60.3. WD-40 has confirmed that its next quarterly earnings report will be published on Thursday, January 7th, 2021.

Analyst Opinion on WD-40 (NASDAQ:WDFC)

1 Wall Street analysts have issued ratings and price targets for WD-40 in the last 12 months. Their average twelve-month price target is $250.00, predicting that the stock has a possible downside of 5.75%. The high price target for WDFC is $250.00 and the low price target for WDFC is $250.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

WD-40 has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $250.00, WD-40 has a forecasted downside of 5.7% from its current price of $265.25. WD-40 has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: WD-40 (NASDAQ:WDFC)

WD-40 has a dividend yield of 1.03%, which is in the bottom 25% of all stocks that pay dividends. WD-40 has only been increasing its dividend for 1 years. The dividend payout ratio of WD-40 is 60.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WD-40 will have a dividend payout ratio of 53.60% next year. This indicates that WD-40 will be able to sustain or increase its dividend.

Insiders buying/selling: WD-40 (NASDAQ:WDFC)

In the past three months, WD-40 insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,385,816.00 in company stock. Only 2.09% of the stock of WD-40 is held by insiders. 90.39% of the stock of WD-40 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of WD-40 (NASDAQ:WDFC

Earnings for WD-40 are expected to grow by 5.93% in the coming year, from $4.72 to $5.00 per share. The P/E ratio of WD-40 is 60.28, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.23. The P/E ratio of WD-40 is 60.28, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 43.19. WD-40 has a P/B Ratio of 25.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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