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

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

WD-40 stock opened at $240.75 on Friday. 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 firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 47.11 and a beta of -0.04. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The stock’s fifty day moving average is $264.59 and its two-hundred day moving average is $256.16.

WD-40 Increases Dividend

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

Insider Buying and Selling at WD-40

In other WD-40 news, Director William B. Noble sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total value of $289,700.00. Following the sale, the director now owns 7,999 shares of the company’s stock, valued at approximately $2,317,310.30. This represents 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 accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. DA Davidson restated a “buy” rating and set a $322.00 price target on shares of WD-40 in a research note on Monday, November 18th. Jefferies Financial Group upped their price target on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, October 18th.

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.