WD-40 (NASDAQ:WDFC) Issues Quarterly Earnings Results

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

WD-40 Stock Up 0.9 %

Shares of NASDAQ WDFC traded up $2.13 during midday trading on Friday, reaching $240.75. 222,453 shares of the company’s stock were exchanged, compared to its average volume of 113,406. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.70 and a current ratio of 2.47. WD-40 has a 52-week low of $211.03 and a 52-week high of $292.36. The business’s fifty day moving average price is $265.06 and its two-hundred day moving average price is $256.02. The stock has a market capitalization of $3.26 billion, a PE ratio of 47.11 and a beta of -0.04.

WD-40 Increases Dividend

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

Analyst Ratings Changes

WDFC has been the subject of several research analyst reports. Jefferies Financial Group upped their price target on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. DA Davidson reaffirmed a “buy” rating and set a $322.00 price target on shares of WD-40 in a research report on Monday, November 18th.

Insider Buying and Selling at WD-40

In related news, Director William B. Noble sold 800 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total transaction of $205,584.00. Following the transaction, the director now directly owns 8,999 shares in the company, valued at $2,312,563.02. This trade represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by insiders.

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.