WD-40 (NASDAQ:WDFC) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

WD-40 (NASDAQ:WDFC) released its earnings results on Friday. The specialty chemicals company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.10, Zacks reports. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The business had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. During the same period in the previous year, the firm earned $1.28 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. WD-40 updated its FY25 guidance to $5.20-$5.45 EPS and its FY 2025 guidance to 5.200-5.450 EPS.

WD-40 Stock Up 0.9 %

Shares of NASDAQ:WDFC opened at $240.75 on Friday. The firm has a 50 day simple moving average of $264.59 and a 200 day simple moving average of $256.42. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.70 and a current ratio of 2.47. The company has a market cap of $3.26 billion, a PE ratio of 47.11 and a beta of -0.04.

WD-40 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.94 dividend. This is an increase 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 is Friday, January 17th. WD-40’s dividend payout ratio (DPR) is 73.58%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other WD-40 news, Director William B. Noble sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was 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 directly owns 7,999 shares in the company, valued at approximately $2,317,310.30. This trade represents a 11.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

WD-40 Company Profile

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.