WD-40 (NASDAQ:WDFC) Announces Earnings Results, Beats Expectations By $0.10 EPS

WD-40 (NASDAQ:WDFC) posted its earnings results on Friday. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10, Zacks reports. The firm had revenue of $153.30 million during the quarter, compared to the consensus estimate of $147.40 million. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. WD-40 updated its FY25 guidance to $5.20-$5.45 EPS.

WD-40 Stock Up 0.9 %

Shares of WD-40 stock traded up $2.13 on Friday, hitting $240.75. 230,214 shares of the company’s stock traded hands, compared to its average volume of 122,126. The stock has a market cap of $3.26 billion, a P/E ratio of 47.11 and a beta of -0.04. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average is $265.06 and its 200 day moving average is $256.02. WD-40 has a 52-week low of $211.03 and a 52-week high of $292.36.

WD-40 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.94 per share. This is a boost from WD-40’s previous quarterly dividend of $0.88. This represents a $3.76 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, January 17th. WD-40’s dividend payout ratio is 73.58%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WDFC. Jefferies Financial Group increased their target price on shares of WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research report on Friday, October 18th. DA Davidson reissued a “buy” rating and set a $322.00 target price on shares of WD-40 in a research report on Monday, November 18th.

Insider Activity

In other WD-40 news, Director William B. Noble sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total transaction of $289,700.00. Following the completion of the sale, the director now owns 7,999 shares in the company, valued at $2,317,310.30. The trade was a 11.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.75% of the company’s stock.

About WD-40

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 provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.