WD-40 Company (NASDAQ:WDFC) declared a quarterly dividend on Tuesday, October 10th, RTT News reports. Investors of record on Friday, October 20th will be paid a dividend of 0.49 per share by the specialty chemicals company on Tuesday, October 31st. This represents a $1.96 annualized dividend and a yield of 1.77%. The ex-dividend date is Thursday, October 19th.
Shares of WD-40 (NASDAQ WDFC) opened at 110.90 on Friday. The firm has a market capitalization of $1.55 billion, a PE ratio of 29.96 and a beta of 0.72. The firm has a 50-day moving average price of $111.32 and a 200-day moving average price of $107.90. WD-40 has a 1-year low of $100.60 and a 1-year high of $119.90.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. The firm had revenue of $96.60 million during the quarter, compared to analysts’ expectations of $106.01 million. WD-40 had a net margin of 13.91% and a return on equity of 39.82%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS. On average, analysts forecast that WD-40 will post $3.85 EPS for the current fiscal year.
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In related news, VP Jay Rembolt sold 676 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $112.60, for a total transaction of $76,117.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.90% of the stock is currently owned by insiders.
Several equities research analysts have recently commented on WDFC shares. Zacks Investment Research upgraded shares of WD-40 from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Friday, September 1st. FBR & Co reiterated a “marketperform” rating on shares of WD-40 in a research report on Tuesday, July 11th. Finally, BidaskClub cut shares of WD-40 from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $117.25.
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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