WD-40 (NASDAQ:WDFC) issued its earnings results on Thursday, October 18th. The specialty chemicals company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.55, Briefing.com reports. The company had revenue of $102.60 million for the quarter. WD-40 had a net margin of 15.96% and a return on equity of 38.51%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. WD-40 updated its FY19 guidance to $4.51-$4.58 EPS.
Shares of WDFC stock traded up $1.19 during trading hours on Friday, hitting $174.79. The company’s stock had a trading volume of 98,012 shares, compared to its average volume of 94,304. The firm has a market capitalization of $2.42 billion, a PE ratio of 42.32, a P/E/G ratio of 3.89 and a beta of 0.52. WD-40 has a twelve month low of $111.50 and a twelve month high of $184.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.53.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, October 19th were given a $0.54 dividend. The ex-dividend date was Thursday, October 18th. This represents a $2.16 annualized dividend and a dividend yield of 1.24%. WD-40’s dividend payout ratio is presently 52.30%.
Several 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 $177.00 price target on the stock in a research report on Sunday, July 15th. BidaskClub lowered shares of WD-40 from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. WD-40 has a consensus rating of “Hold” and an average price target of $149.67.
In other news, VP Stanley Sewitch, Jr. sold 2,167 shares of the stock in a transaction that occurred on Thursday, October 25th. The shares were sold at an average price of $163.80, for a total value of $354,954.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William B. Noble sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $166.13, for a total transaction of $332,260.00. The disclosure for this sale can be found here. Insiders sold 6,334 shares of company stock worth $1,047,262 over the last quarter. Company insiders own 2.09% of the company’s stock.
WD-40 Company Profile
WD-40 Company engages in the development and sale of maintenance products, and homecare and cleaning products. It 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; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand name; and bicycle maintenance products under the WD-40 Bike brand name comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products that are designed for avid and recreational cyclists, bike enthusiasts, and mechanics.
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