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WD-40 (NASDAQ:WDFC) Provides Earnings Guidance for Fiscal Year 23

WD-40 (NASDAQ:WDFC) Provides Earnings Guidance for Fiscal Year 23

The company WD-40 (NASDAQ: WDFC) updated its profit projection for the fiscal year 2023 on Monday, April 1. The company anticipated earnings per share in the range of $5.09 to $5.24, which was significantly lower than the average projection made by market analysts, which was $5.17 per share. In addition, the company has projected sales in the range of $545 million to $570 million, which is higher than the average revenue forecast of $545.93 million and anticipated earnings per share in the range of $5.09 to $5.24, which was significantly lower than the average projection made by market analysts, which was $5.17 per share. The company has projected sales in the range of $545 million to $570 million, which is higher than the average revenue forecast of $545.93 million. As a result, WD-40 has raised its forecast for its earnings per share for the upcoming fiscal year 2023, which now falls below $5.09 to $5.24.
The most recent earnings report for WD-40 (NASDAQ: WDFC) was made public on October 19 and can be found here. The company specializing in specialty chemicals reported earnings of $1.08 per share for the quarter, which is $0.14 less than the consensus forecast of $1.22 per share. WD-40 had a return on equity of 34.48% and a net margin of 12.98% for the company overall. According to the analysts’ projections, the upcoming quarter’s sales could range from $131.10 million to $130.40 million. This figure represents the range of possible outcomes. Compared to the previous year’s results for the same quarter, the company’s earnings per share came in at $0.61. Compared to the previous year’s period, the company’s quarterly revenue achieved a 13.2% increase. In the current fiscal year, sell-side analysts anticipate that WD-40 will have $5.24 per share earnings.
On Monday, the price of WDFC reached $162.60, representing a gain of $1.47 from its previous closing price. There were 268,057 transactions involving the company’s equity, significantly higher than the average volume of 131,491 shares. Over the past year, the cost of a bottle of WD-40 has fluctuated from a low of $145.16 to a high of $255.31 at various points. The company has a price-to-earnings ratio of 33.18, and the stock has a beta value of 0.18. The stock is currently valued at $2.21 billion on the market. The debt-to-equity ratio comes in at 0.57, the current ratio comes in at 2.25, and the quick ratio comes in at 1.31. In order, we will now consider each of these numbers. The moving average price of the stock over the past 200 days is $177.18, while the moving average price over the past 50 days is $165.57.
WDFC has been the subject of several reports written by researchers with extensive expertise in the field. On Thursday, October 20th, DA Davidson released a report in which they increased their price objective for WD-40 from $205.00 to $207.00 and recommended that investors purchase the company’s stock. In addition, StockNews.com debuted its coverage of WD-40 in a research note posted online on October 12, the first time the topic was brought up. They suggested preserving one’s position as an investor in the company.
In addition, the corporation has declared a quarterly dividend, which will be paid out on the 31st of this month as originally planned. On the 13th of January, a $0.83 dividend payment per share will be made to all shareholders who are recorded as having ownership of the company as of that date. This translates to a dividend yield of 2.04% each quarter and a dividend payment of $3.32 each year for the investor. The dividend will be withheld from shareholder accounts beginning on Thursday, the 12th of January. This indicates an increase from WD-40’s most recent quarterly dividend, which was $0.78; consequently, the amount has increased. The payout ratio for WD-40 is currently sitting at 63.67% at present.
Geoffrey Holdsworth, a director of the company, sold 2,652 company stock on Monday, October 24. This is another piece of news that is relevant to this topic. Because the shares were acquired at an average price of $152.12, resulting in a total value of 403,422.24 dollars. Following the completion of the sale, the director will have a direct ownership stake in the company that is equivalent to 6,061 shares and will be worth $921,999.32 at present. On Monday, October 24, the transaction was disclosed to the public through a filing with the SEC, which can be located on the website of the SEC. The filing concerned company stock. Because the shares were acquired at an average price of $152.12, resulting in a total value of 403,422.24 dollars. Following the completion of the sale, the director will have a direct ownership stake in the company that is equivalent to 6,061 shares and will be worth $921,999.32 at present. The transaction was disclosed to the public through a filing that was made with the SEC, which can be located on the website of the SEC. Geoffrey Holdsworth, a director of the company, sold 2,652 company stock on Monday, October 24. This is another piece of news that is relevant to this topic. The stock was sold for a total of $403,422.24 after fetching an average price of $152.12 per share, which resulted in the accumulation of this sum. Following the completion of the transaction, the director now has direct control over 6,061 shares of the company. The current value of these shares on the market is $921,999.32 per share. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. Patricia Q. Olsem, another employee considered an insider at the company, sold 625 shares on Thursday, November 10. The stock was sold for a total value of $103,125.00, with each share fetching an average price of $165.00 when offered for sale. After the completion of the transaction, the company insider now has a total of 3,181 shares, each worth $524,865, in their possession. The disclosure related to the sale might be found in this website section. 1.50 individuals employed by the corporation hold a percent of the total shares in the company.

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