WD-40 (NASDAQ:WDFC) Issues FY 2026 Earnings Guidance

WD-40 (NASDAQ:WDFC) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 6.050-6.350 for the period, compared to the consensus estimate of 5.990. The company issued revenue guidance of $675.0 million-$690.0 million, compared to the consensus revenue estimate of $660.3 million.

WD-40 Trading Down 2.9%

Shares of WDFC traded down $7.17 during mid-day trading on Thursday, hitting $239.42. 281,112 shares of the company’s stock traded hands, compared to its average volume of 175,576. The company has a quick ratio of 1.98, a current ratio of 2.83 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.22 billion, a P/E ratio of 40.72 and a beta of 0.26. The business’s 50-day moving average price is $218.43 and its 200-day moving average price is $218.65. WD-40 has a 1 year low of $175.38 and a 1 year high of $253.24.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. The company had revenue of $195.12 million during the quarter, compared to analyst estimates of $172.79 million. WD-40 had a return on equity of 30.23% and a net margin of 12.57%.WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. As a group, sell-side analysts forecast that WD-40 will post 5.99 EPS for the current fiscal year.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, July 17th. WD-40’s dividend payout ratio is presently 69.39%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WDFC shares. Weiss Ratings lowered WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. DA Davidson lowered their price target on shares of WD-40 from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, April 10th. William Blair initiated coverage on shares of WD-40 in a research note on Monday, April 6th. They set an “outperform” rating on the stock. Finally, Northcoast Research upgraded shares of WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, WD-40 has a consensus rating of “Buy” and a consensus price target of $270.00.

Hedge Funds Weigh In On WD-40

Institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. raised its position in shares of WD-40 by 6.4% in the 3rd quarter. Alliancebernstein L.P. now owns 533,738 shares of the specialty chemicals company’s stock worth $105,467,000 after purchasing an additional 32,333 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in WD-40 by 24.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 333,505 shares of the specialty chemicals company’s stock worth $76,069,000 after acquiring an additional 65,423 shares during the last quarter. First Trust Advisors LP raised its holdings in WD-40 by 62.5% in the 4th quarter. First Trust Advisors LP now owns 289,954 shares of the specialty chemicals company’s stock worth $57,092,000 after acquiring an additional 111,559 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in WD-40 by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 286,391 shares of the specialty chemicals company’s stock valued at $56,392,000 after acquiring an additional 2,296 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in WD-40 in the 4th quarter valued at approximately $29,291,000. 91.52% of the stock is currently owned by institutional investors.

WD-40 Company Profile

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.