WD-40 Company [NASDAQ:WDFC] will report earnings after markets close on Thursday, January 7th.
WDFC Earnings Forecast For The Current Quarter
WD-40 Company [WDFC] is expected to report strong earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $106.85M and an earnings per share of $1.03 for Nov 2020. Looking further ahead, the company is expected to report revenue of $110.66M at an EPS of $1.26 for Feb 2021. The estimates represent 5.60% and 9.99% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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WDFC Earnings Estimates For The Current Year
For the financial year, WD-40 Company [NASDAQ:WDFC] is expected to bring in revenue of $426.24M. The returns are nearly $17.74 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 4.85, higher than that of FY20 by $0.45. Estimates put this year’s earnings growth at 10.20%, 10.10% for the next, and at an annual 10.00% over the next 5-year period. As for sales, forecasts are for an increase of 4.30% in the current fiscal year and a further 5.60% over the following year.
WDFC Price Performance
On Wall Street, WD-40 Company [NASDAQ:WDFC] finished Tuesday’s session up 0.72% at $260.50. The stock went up to $266.85 at the same session while its lowest single day price was $256.06. In the last five days, it saw a fall of about -3.52%, WD-40 Company shares dropped by almost -1.95% since the beginning of the year. However, the share price has dropped to as low as -4.43% below its one year high. On 01/04/21, the company shares recorded $267.94, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $254.69. The company’s shares have inclined by 34.65% in the past year. The 50-day SMA achieved is $256.21 while the 200-day SMA is $206.90. Volume gained to 0.12 million from 83300.0 in the previous session.
WD-40 Company [WDFC] Valuation Measures
Notably, WD-40 Company [WDFC] stock cannot be classified as a good candidate in the listing of underestimated low-priced Specialty Chemicals companies to purchase soonest possible with the prevailing 12-month PE ratio of 59.14. The measure means the stock is exchanging at a premium as compared to the 23.22x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 8.75 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.38 which means WDFC serve an unattractive investment opportunity compared to its competitors.
WDFC Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 255.42 level, and in case of violation of this particular level, it will cause more drop to 250.35 level. On the upper level, 271.93 is still the key resistance. The stock may increase to the subsequent resistance at 266.21. The Relative Strength Index (RSI) pinned on the 14-day chart is 50.85, implying a neutral technical stance while the MACD stands at -2.80, meaning price will decrease in the next trading period. Percent R indicator moved to 67.53%, implying low price movement. Stochastic %K at 36.88% suggest holding the stock.
Is WD-40 Company [NASDAQ:WDFC] a Good Buy Right Now?
It should be noted that WDFC technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 100% Buy in the last week and compares with 88% Buy in the past month. Data from WD-40 Company’s Trend Spotter indicated that the signals were Weakening. The stock current average is 80460.0 shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 95066.0 shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 87467.0 shares.
What is the short interest in WD-40 Company?
Short interest in the WD-40 Company stock has surged, increasing by 80000.0 shares to total 1.36 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.44 million, data from Yahoo Finance shows. The decrease of -5.88% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 13.76% of the overall float for the stock.
WD-40 Company’s Biggest Shareholders: Who Owns WD-40 Company [WDFC]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 1,865,326 shares or roughly 13.65% of the outstanding WDFC shares. This means their shares have reduced by -36,682 from the 1,865,326 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $380,270,760. Details in the latest 13F filings reveal that Neuberger Berman Investment Advis disposed off their -2.17% stake valued at $241,463,276 while APG Asset Management NV cut theirs at $195,678,067. The Renaissance Technologies LLC’s holdings currently number 494,223 shares at $128745091.5. According to the firm’s last 13F report, Kayne Anderson Rudnick Investment shares in the company at filing stood at 468,332 shares, roughly $119,101,511.
What are analyst thoughts on WD-40 Company?
Looking forward to the WD-40 Company share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for WD-40 Company stock at $250.00 within the next 12 months, which represents almost -4.2 per cent growth from its previous closing price of $260.50. The highest analysts’ target for WD-40 Company stock projections is $250.00 and the lowest one is $250.00. Still, 1 analysts sharing their consensus rating for WDFC stock in 2021 agree that it is a Buy.