WD-40 (NASDAQ:WDFC) announced its quarterly earnings results on Wednesday. The specialty chemicals company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.09, MarketWatch Earnings reports. The company had revenue of $134.75 million during the quarter, compared to analysts’ expectations of $129.20 million. WD-40 had a return on equity of 36.72% and a net margin of 14.39%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 earnings per share.
NASDAQ WDFC opened at $234.01 on Friday. WD-40 has a 1-year low of $207.11 and a 1-year high of $333.42. The company has a current ratio of 2.81, a quick ratio of 2.16 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $235.56 and a 200-day moving average of $237.63. The firm has a market cap of $3.21 billion, a PE ratio of 45.97 and a beta of -0.22.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 31st. Stockholders of record on Friday, January 14th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, January 13th. This is a positive change from WD-40’s previous quarterly dividend of $0.72. WD-40’s payout ratio is 56.58%.
Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC grew its holdings in shares of WD-40 by 30.5% during the 3rd quarter. Jane Street Group LLC now owns 2,718 shares of the specialty chemicals company’s stock worth $629,000 after acquiring an additional 636 shares during the period. UBS Group AG grew its stake in shares of WD-40 by 2.6% in the 3rd quarter. UBS Group AG now owns 4,889 shares of the specialty chemicals company’s stock worth $1,132,000 after buying an additional 123 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of WD-40 by 76.8% in the 2nd quarter. Morgan Stanley now owns 116,001 shares of the specialty chemicals company’s stock worth $29,730,000 after buying an additional 50,404 shares during the last quarter. Hedge funds and other institutional investors own 86.96% of the company’s stock.
WDFC has been the subject of several research analyst reports. Zacks Investment Research raised WD-40 from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 22nd. DA Davidson lifted their price target on WD-40 from $238.00 to $277.00 and gave the stock a “neutral” rating in a research note on Thursday, October 21st. Finally, TheStreet raised WD-40 from a “c+” rating to a “b-” rating in a research note on Thursday, December 23rd.
WD-40 Co engages in the development and sale of products that solve problems in workshops, factories and homes. The firm operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA) and Asia Pacific. The Americas segment consists of the Unites States, Canada and Latin America.
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