WD-40 (NASDAQ:WDFC) issued its quarterly earnings data on Wednesday. The specialty chemicals company reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.69, MarketWatch Earnings reports. WD-40 had a return on equity of 33.97% and a net margin of 12.30%. The company had revenue of $124.56 million for the quarter, compared to analysts’ expectations of $106.80 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis.
Shares of WDFC traded up $45.25 during mid-day trading on Friday, reaching $314.91. 5,651 shares of the company’s stock traded hands, compared to its average volume of 118,179. The stock has a market cap of $4.30 billion, a P/E ratio of 71.03 and a beta of -0.05. The stock’s 50-day moving average is $259.83 and its two-hundred day moving average is $219.11. WD-40 has a 12 month low of $151.16 and a 12 month high of $272.58. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.81 and a quick ratio of 1.45.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be paid a dividend of $0.67 per share. The ex-dividend date is Thursday, January 14th. This represents a $2.68 annualized dividend and a yield of 0.85%. WD-40’s payout ratio is currently 60.91%.
WDFC has been the topic of several analyst reports. DA Davidson boosted their price objective on WD-40 from $250.00 to $353.00 and gave the stock 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.
In other news, Director Geoffrey Holdsworth sold 1,507 shares of the company’s stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $254.32, for a total transaction of $383,260.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jay Rembolt sold 1,729 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $235.00, for a total value of $406,315.00. Following the transaction, the chief financial officer now directly owns 41,929 shares in the company, valued at approximately $9,853,315. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,839 shares of company stock worth $1,385,816. Insiders own 2.09% of the company’s stock.
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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