WD-40 (NASDAQ:WDFC) Posts Earnings Results, Beats Estimates By $0.10 EPS

WD-40 (NASDAQ:WDFC) posted its quarterly earnings results on Friday. The specialty chemicals company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10, Zacks reports. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The business had revenue of $153.30 million for the quarter, compared to analysts’ expectations of $147.40 million. During the same period in the prior year, the company posted $1.28 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. WD-40 updated its FY25 guidance to $5.20-$5.45 EPS.

WD-40 Price Performance

Shares of WD-40 stock traded up $2.13 on Friday, hitting $240.75. The company’s stock had a trading volume of 230,214 shares, compared to its average volume of 122,126. WD-40 has a 52-week low of $211.03 and a 52-week high of $292.36. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average price of $265.06 and a 200-day moving average price of $256.02. The company has a market capitalization of $3.26 billion, a P/E ratio of 47.11 and a beta of -0.04.

WD-40 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be given a $0.94 dividend. The ex-dividend date is Friday, January 17th. This is a positive change from WD-40’s previous quarterly dividend of $0.88. This represents a $3.76 annualized dividend and a dividend yield of 1.56%. WD-40’s payout ratio is currently 73.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $322.00 price target on shares of WD-40 in a research note on Monday, November 18th. Jefferies Financial Group upped their price target on shares of WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, October 18th.

Insider Buying and Selling

In other WD-40 news, Director William B. Noble sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total value of $289,700.00. Following the transaction, the director now directly owns 7,999 shares in the company, valued at approximately $2,317,310.30. This represents a 11.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company’s stock.

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 provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.