WD-40 Company (NASDAQ:WDFC) Rating Reiterated by FBR & Co
WD-40 Company (NASDAQ:WDFC)‘s stock had its “marketperform” rating reiterated by investment analysts at FBR & Co in a report issued on Tuesday, July 11th. FBR & Co also issued estimates for WD-40’s FY2017 earnings at $3.66 EPS and FY2018 earnings at $3.92 EPS.
A number of other research firms have also recently weighed in on WDFC. BidaskClub raised WD-40 from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research raised WD-40 from a “sell” rating to a “hold” rating in a report on Thursday, March 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $110.00 price target on shares of WD-40 in a report on Friday, March 31st. Finally, B. Riley reaffirmed a “neutral” rating and set a $119.00 price target on shares of WD-40 in a report on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $111.50.
Shares of WD-40 (NASDAQ:WDFC) traded down 0.24% on Tuesday, reaching $105.40. The company’s stock had a trading volume of 45,277 shares. WD-40 has a 52 week low of $100.60 and a 52 week high of $121.10. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 28.48 and a beta of 0.73. The stock has a 50-day moving average of $108.65 and a 200 day moving average of $107.33.
WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.11. WD-40 had a return on equity of 39.64% and a net margin of 13.85%. The firm had revenue of $98.20 million during the quarter, compared to analysts’ expectations of $99.09 million. During the same period last year, the firm posted $0.88 EPS. The business’s revenue was up 1.8% on a year-over-year basis. On average, analysts expect that WD-40 will post $3.68 EPS for the current year.
In other WD-40 news, VP Jay Rembolt sold 618 shares of the stock in a transaction on Friday, June 9th. The stock was sold at an average price of $110.00, for a total value of $67,980.00. Following the transaction, the vice president now directly owns 36,837 shares in the company, valued at approximately $4,052,070. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 1,854 shares of company stock worth $203,928 over the last quarter. Corporate insiders own 3.90% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of WD-40 during the fourth quarter worth approximately $15,872,000. BlackRock Inc. raised its position in shares of WD-40 by 129,764.4% in the first quarter. BlackRock Inc. now owns 1,698,626 shares of the specialty chemicals company’s stock worth $185,067,000 after buying an additional 1,697,318 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of WD-40 by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 36,314 shares of the specialty chemicals company’s stock worth $3,956,000 after buying an additional 1,462 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of WD-40 during the first quarter worth approximately $132,000. Finally, Two Sigma Investments LP purchased a new position in shares of WD-40 during the fourth quarter worth approximately $757,000. Hedge funds and other institutional investors own 82.11% of the company’s stock.
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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