WD-40 (WDFC) Getting Positive Media Coverage, Analysis Finds
Headlines about WD-40 (NASDAQ:WDFC) have trended positive on Sunday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. WD-40 earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news coverage about the specialty chemicals company an impact score of 47.3130565392882 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
- WD-40 (WDFC) Upgraded to Buy at Zacks Investment Research (americanbankingnews.com)
- WD-40 to Post FY2018 Earnings of $3.95 Per Share, Jefferies Group Forecasts (WDFC) (americanbankingnews.com)
- WD-40 Posting Notable Gain In Afternoon Trading (nasdaq.com)
- Q2 2018 EPS Estimates for WD-40 (WDFC) Lowered by Jefferies Group (americanbankingnews.com)
- B. Riley Weighs in on WD-40’s Q2 2018 Earnings (WDFC) (americanbankingnews.com)
Several research analysts recently issued reports on WDFC shares. Zacks Investment Research raised WD-40 from a “hold” rating to a “buy” rating and set a $138.00 target price on the stock in a research report on Saturday. BidaskClub cut WD-40 from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. FBR & Co reaffirmed a “neutral” rating and set a $122.00 target price (up previously from $115.00) on shares of WD-40 in a research report on Friday, October 20th. Finally, B. Riley reaffirmed a “neutral” rating on shares of WD-40 in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $121.50.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.07. WD-40 had a return on equity of 39.23% and a net margin of 13.84%. The business had revenue of $97.60 million for the quarter, compared to analysts’ expectations of $93.00 million. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. research analysts forecast that WD-40 will post 3.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 19th will be given a $0.54 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.16 annualized dividend and a yield of 1.74%. This is a boost from WD-40’s previous quarterly dividend of $0.49. WD-40’s payout ratio is currently 51.58%.
WD-40 Company Profile
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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