WD-40 (NASDAQ:WDFC) released its earnings results on Wednesday. The specialty chemicals company reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.69, MarketWatch Earnings reports. The company had revenue of $124.56 million during the quarter, compared to analysts’ expectations of $106.80 million. WD-40 had a return on equity of 33.97% and a net margin of 12.30%. The firm’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS.
Shares of WD-40 stock traded up $45.25 on Friday, reaching $314.91. The company’s stock had a trading volume of 5,651 shares, compared to its average volume of 118,179. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 71.03 and a beta of -0.05. The firm’s fifty day simple moving average is $259.83 and its two-hundred day simple moving average is $219.11. WD-40 has a 52 week low of $151.16 and a 52 week high of $272.58. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, January 14th. WD-40’s payout ratio is 60.91%.
In other WD-40 news, Director Geoffrey Holdsworth sold 1,507 shares of WD-40 stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $254.32, for a total value of $383,260.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jay Rembolt sold 1,729 shares of WD-40 stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $235.00, for a total value of $406,315.00. Following the completion of the sale, the chief financial officer now directly owns 41,929 shares of the company’s stock, valued at approximately $9,853,315. The disclosure for this sale can be found here. In the last three months, insiders sold 5,839 shares of company stock valued at $1,385,816. Corporate insiders own 2.09% of the company’s stock.
A number of research analysts have issued reports on the company. DA Davidson lifted their price objective on WD-40 from $250.00 to $353.00 and gave the company a “buy” rating in a research note on Friday. BidaskClub cut WD-40 from a “buy” rating to a “hold” rating in a research note on Friday, December 25th.
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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