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

WD-40 (NASDAQ:WDFC) released its quarterly earnings results on Wednesday. The specialty chemicals company reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $124.56 million for the quarter, compared to the consensus estimate of $106.80 million. During the same period in the prior year, the company posted $0.88 earnings per share. WD-40’s revenue was up 26.4% compared to the same quarter last year.

Shares of NASDAQ WDFC traded up $37.20 during trading on Friday, hitting $306.86. 7,364 shares of the company traded hands, compared to its average volume of 118,179. WD-40 has a 1 year low of $151.16 and a 1 year high of $272.58. The company has a 50-day moving average price of $259.83 and a 200-day moving average price of $219.11. The firm has a market capitalization of $4.19 billion, a P/E 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 company also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Thursday, January 14th. This represents a $2.68 annualized dividend and a yield of 0.87%. WD-40’s payout ratio is currently 60.91%.

In other WD-40 news, Director William B. Noble sold 1,000 shares of the business’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $217.50, for a total value 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Geoffrey Holdsworth sold 1,603 shares of the business’s stock in a transaction on Monday, October 26th. The stock was 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. Insiders have sold a total of 5,839 shares of company stock valued at $1,385,816 over the last three months. Corporate insiders own 2.09% of the company’s stock.

Several research firms recently commented on WDFC. BidaskClub downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Friday, December 25th. DA Davidson upped their price objective on shares of WD-40 from $250.00 to $353.00 and gave the stock a “buy” rating in a research report on Friday.

WD-40 Company Profile

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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