WD-40 (NASDAQ:WDFC) Releases Quarterly Earnings Results, Beats Expectations By $0.09 EPS

WD-40 (NASDAQ:WDFC) released its quarterly earnings results on Wednesday. The specialty chemicals company reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.09, MarketWatch Earnings reports. WD-40 had a return on equity of 36.72% and a net margin of 14.39%. The business had revenue of $134.75 million during the quarter, compared to analysts’ expectations of $129.20 million. During the same quarter in the prior year, the business earned $1.72 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year.

NASDAQ:WDFC opened at $234.01 on Friday. The stock has a fifty day moving average price of $235.56 and a two-hundred day moving average price of $237.63. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 45.97 and a beta of -0.22. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.16 and a current ratio of 2.81. WD-40 has a 1 year low of $207.11 and a 1 year high of $333.42.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 31st. Shareholders of record on Friday, January 14th will be given a $0.78 dividend. This is a boost from WD-40’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Thursday, January 13th. This represents a $3.12 annualized dividend and a yield of 1.33%. WD-40’s dividend payout ratio is presently 56.58%.

In other WD-40 news, VP Richard T. Clampitt sold 3,420 shares of the stock in a transaction on Friday, October 22nd. The stock was sold at an average price of $218.24, for a total value of $746,380.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.33% of the company’s stock.

A number of institutional investors have recently bought and sold shares of WDFC. Morgan Stanley grew its holdings in WD-40 by 76.8% in the second quarter. Morgan Stanley now owns 116,001 shares of the specialty chemicals company’s stock valued at $29,730,000 after purchasing an additional 50,404 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of WD-40 by 30.5% during the third quarter. Jane Street Group LLC now owns 2,718 shares of the specialty chemicals company’s stock valued at $629,000 after acquiring an additional 636 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of WD-40 by 2.6% during the third quarter. UBS Group AG now owns 4,889 shares of the specialty chemicals company’s stock valued at $1,132,000 after acquiring an additional 123 shares during the last quarter. 86.96% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on WDFC shares. DA Davidson upped 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. TheStreet upgraded WD-40 from a “c+” rating to a “b-” rating in a research note on Thursday, December 23rd. Finally, Zacks Investment Research upgraded WD-40 from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 22nd.

WD-40 Company Profile

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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Earnings History for WD-40 (NASDAQ:WDFC)

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