WD-40 (NASDAQ:WDFC) Posts Quarterly Earnings Results, Beats Expectations By $0.69 EPS

WD-40 (NASDAQ:WDFC) released its earnings results on Wednesday. The specialty chemicals company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.69, MarketWatch Earnings reports. WD-40 had a net margin of 12.30% and a return on equity of 33.97%. The company had revenue of $124.56 million during the quarter, compared to the consensus estimate of $106.80 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue was up 26.4% compared to the same quarter last year.

Shares of WDFC traded up $37.20 during mid-day trading on Friday, hitting $306.86. 7,364 shares of the company’s stock were exchanged, compared to its average volume of 118,179. The firm has a fifty day moving average of $259.83 and a two-hundred day moving average of $219.11. WD-40 has a twelve month low of $151.16 and a twelve month high of $272.58. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 71.03 and a beta of -0.05. The company has a quick ratio of 1.45, a current ratio of 1.81 and a debt-to-equity ratio of 0.65.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, January 14th. This represents a $2.68 annualized dividend and a dividend yield of 0.87%. WD-40’s dividend payout ratio (DPR) is 60.91%.

A number of research firms have issued reports on WDFC. DA Davidson increased their target price on shares of WD-40 from $250.00 to $353.00 and gave the stock a “buy” rating in a research report on Friday. BidaskClub downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a research report on Friday, December 25th.

In other news, Director William B. Noble sold 1,000 shares of the stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $217.50, for a total transaction of $217,500.00. Following the transaction, the director now owns 9,107 shares in the company, valued at approximately $1,980,772.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Geoffrey Holdsworth sold 1,603 shares of the firm’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $236.27, for a total transaction of $378,740.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,839 shares of company stock worth $1,385,816. 2.09% of the stock is currently owned by company insiders.

About WD-40

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand name.

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Earnings History for WD-40 (NASDAQ:WDFC)

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