WD-40 (NASDAQ:WDFC) posted its quarterly earnings data on Tuesday. The specialty chemicals company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.07, RTT News reports. WD-40 had a return on equity of 39.82% and a net margin of 13.91%. The company had revenue of $97.60 million during the quarter, compared to analyst estimates of $93.00 million. During the same period in the previous year, the business earned $0.82 EPS. WD-40’s quarterly revenue was up 9.4% on a year-over-year basis. WD-40 updated its FY18 guidance to $3.91-3.98 EPS.
Shares of WD-40 (NASDAQ WDFC) opened at $123.45 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.98 and a quick ratio of 2.51. The stock has a market capitalization of $1,720.00, a P/E ratio of 32.40, a PEG ratio of 3.09 and a beta of 0.67. WD-40 has a 52-week low of $100.60 and a 52-week high of $123.50.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 19th will be given a $0.54 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This is a positive change from WD-40’s previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.75%. WD-40’s dividend payout ratio is 51.44%.
A number of research firms have recently issued reports on WDFC. B. Riley restated a “neutral” rating on shares of WD-40 in a research report on Wednesday, November 1st. FBR & Co restated a “neutral” rating and issued a $122.00 price target (up from $115.00) on shares of WD-40 in a research report on Friday, October 20th. Zacks Investment Research lowered WD-40 from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Finally, BidaskClub lowered WD-40 from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $117.25.
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WD-40 Company Profile
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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