- WD-40 Company (WDFC, Financial) achieved a record-breaking 1% increase in Q3 net sales, totaling $156.9 million.
- Analysts predict significant upside potential for WDFC, with target prices suggesting up to a 31.61% increase.
- GuruFocus estimates indicate a 14.47% upside based on the projected GF Value.
WD-40 Company (WDFC) announced an impressive accomplishment in its third quarter, hitting a new benchmark with a 1% rise in net sales, equating to $156.9 million. Notably, the Americas experienced a 4% increase in sales, while the Asia Pacific region enjoyed a 7% boost. A notable improvement was also seen in the company's gross margin, which ascended to 56.2%, bolstered by strategic price hikes and the successful reduction of costs. In alignment with its strategic financial management, WD-40 repurchased approximately 12,750 shares, investing $3 million in this endeavor.
Wall Street Analysts' Outlook
Wall Street analysts have weighed in on WD-40 Co (WDFC, Financial), presenting a positive forecast. Over the next year, the average price target provided by two analysts is $296.00, with projections ranging from a high of $322.00 to a low of $270.00. This translates to a considerable 31.61% upside from the current trading price of $224.90. Investors seeking more extensive data and projections can visit the WD-40 Co (WDFC) Forecast page.
Further supporting this optimistic view, the consensus rating from two brokerage firms positions WD-40 Co (WDFC, Financial) at an average recommendation of 2.5, signifying an "Outperform" status. This rating is derived from a 1 to 5 scale, where 1 denotes a Strong Buy and 5 represents a Sell.
According to GuruFocus's proprietary estimates, the projected GF Value for WD-40 Co (WDFC, Financial) in one year is anticipated to reach $257.45. This estimation implies a potential 14.47% increase from its current price of $224.90. The GF Value is an insightful metric calculated based on the historical trading multiples of the stock, past business growth, and future performance projections. Investors can delve into more comprehensive data on the WD-40 Co (WDFC) Summary page.
