WD-40 Company (WDFC) is Initiated by Jefferies to Hold, Price Target at $120

WD-40 Company (WDFC) was Initiated by Jefferies to “Hold” and the brokerage firm has set the Price Target at $120. Jefferies advised their investors in a research report released on Aug 25, 2016.

On the company’s financial health, WD-40 Company reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 7, 2016. Analyst had a consensus of $0.86. The company had revenue of $96.50 million for the quarter, compared to analysts expectations of $99.30 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

WD-40 Company opened for trading at $117.41 and hit $118.5799 on the upside on Tuesday, eventually ending the session at $118.47, with a gain of 1.15% or 1.35 points. The heightened volatility saw the trading volume jump to 74,091 shares. Company has a market cap of $1,687 M.

In a different news, on Aug 18, 2016, Mario L Crivello (director) sold 1,000 shares at $115.39 per share price. According to the SEC, on Aug 11, 2016, Jay Rembolt (Vice President Finance & CFO) sold 570 shares at $117.00 per share price. On Aug 8, 2016, William B Noble (Managing Director, Europe) sold 1,000 shares at $115.14 per share price, according to the Form-4 filing with the securities and exchange commission.

WD-40 Company is a global consumer Products Company. As of August 31 2012 the Company’s products included WD-40 Smart Straw WD-40 Trigger Pro 3-IN-ONE Professional Garage Door Lube Spot Shot Pet Clean which is a non-aerosol Spot Shot trigger product and a mildew stain remover under the X-14 brand. In addition its WD-40 Specialist product line consists of certain specialty maintenance products. The Company’s three geographical segments are: the Americas Europe and Asia-Pacific. The Company sells its products primarily through mass retail and home center stores warehouse club stores grocery stores hardware stores automotive parts outlets and industrial distributors and suppliers. During the fiscal year ended August 31 2012 the Company formed WD-40 Bike Company LLC focused on the development of a line of bicycle maintenance products for cyclists and mechanics.

WD-40 Company

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