WD-40 (WDFC) to Release Earnings on Wednesday

WD-40 (NASDAQ:WDFC) will be releasing its earnings data after the market closes on Wednesday, July 10th. Analysts expect WD-40 to post earnings of $1.33 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

WD-40 (NASDAQ:WDFC) last released its earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.01. The company had revenue of $139.10 million for the quarter, compared to the consensus estimate of $140.51 million. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. WD-40’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. On average, analysts expect WD-40 to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

WD-40 Price Performance

NASDAQ WDFC opened at $220.50 on Tuesday. The company has a market capitalization of $2.99 billion, a PE ratio of 44.01 and a beta of -0.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27. The business’s fifty day moving average is $226.59 and its 200 day moving average is $243.46. WD-40 has a fifty-two week low of $189.45 and a fifty-two week high of $278.78.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 19th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $3.52 annualized dividend and a yield of 1.60%. WD-40’s dividend payout ratio (DPR) is presently 70.26%.

Insider Buying and Selling at WD-40

In other news, CEO Steven A. Brass bought 432 shares of WD-40 stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average cost of $232.22 per share, with a total value of $100,319.04. Following the completion of the acquisition, the chief executive officer now owns 20,547 shares of the company’s stock, valued at approximately $4,771,424.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Steven A. Brass bought 432 shares of WD-40 stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average cost of $232.22 per share, with a total value of $100,319.04. Following the completion of the acquisition, the chief executive officer now owns 20,547 shares of the company’s stock, valued at approximately $4,771,424.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Pendarvis bought 328 shares of WD-40 stock in a transaction dated Friday, April 12th. The stock was purchased at an average cost of $234.75 per share, for a total transaction of $76,998.00. Following the completion of the acquisition, the director now directly owns 4,934 shares of the company’s stock, valued at approximately $1,158,256.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 973 shares of company stock valued at $226,910 over the last ninety days. 0.65% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “buy” rating and set a $313.00 price target on shares of WD-40 in a report on Tuesday, June 18th.

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.