Media stories about WD-40 (NASDAQ:WDFC) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. WD-40 earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media coverage about the specialty chemicals company an impact score of 46.6916637182778 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- WD-40 Company Declares Regular Quarterly Dividend (finance.yahoo.com)
- WD-40 Company (WDFC) Declares Quarterly Dividend of $0.49 (americanbankingnews.com)
- WD-40 Company (WDFC) Delivered A Better ROE Than The Industry, Here’s Why (finance.yahoo.com)
Shares of WD-40 (WDFC) traded up 0.75% on Wednesday, hitting $114.50. The stock had a trading volume of 29,306 shares. The stock has a 50 day moving average price of $110.06 and a 200-day moving average price of $107.53. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 30.95 and a beta of 0.72. WD-40 has a 12-month low of $100.60 and a 12-month high of $119.90.
WD-40 (NASDAQ:WDFC) last posted its earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $98.20 million during the quarter, compared to the consensus estimate of $99.09 million. During the same period in the previous year, the business earned $0.88 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that WD-40 will post $3.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 20th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.72%. WD-40’s payout ratio is currently 52.97%.
A number of equities research analysts have commented on WDFC shares. Zacks Investment Research upgraded WD-40 from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Friday, September 1st. FBR & Co reissued a “marketperform” rating on shares of WD-40 in a report on Tuesday, July 11th. Finally, BidaskClub lowered WD-40 from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $111.75.
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In other news, VP Jay Rembolt sold 582 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $110.00, for a total value of $64,020.00. Following the completion of the sale, the vice president now directly owns 37,632 shares of the company’s stock, valued at approximately $4,139,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is currently owned by insiders.
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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