WD-40 (NASDAQ:WDFC) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

WD-40 (NASDAQ:WDFC) posted its quarterly earnings data on Wednesday. The specialty chemicals company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.07), Zacks reports. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.

WD-40 Stock Performance

Shares of NASDAQ:WDFC traded down $8.85 during trading on Wednesday, hitting $192.56. 285,796 shares of the stock were exchanged, compared to its average volume of 162,485. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 29.26 and a beta of 0.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65. WD-40 has a 1-year low of $175.38 and a 1-year high of $298.90. The company’s fifty day simple moving average is $206.51 and its 200-day simple moving average is $216.93.

WD-40 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Monday, October 19th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, October 19th. WD-40’s dividend payout ratio (DPR) is presently 62.01%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings lowered WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Zacks Research downgraded shares of WD-40 from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 11th. DA Davidson boosted their target price on shares of WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Jefferies Financial Group reiterated a “hold” rating on shares of WD-40 in a research note on Friday, July 10th. Finally, Northcoast Research upgraded shares of WD-40 to a “strong-buy” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, WD-40 has an average rating of “Moderate Buy” and a consensus target price of $305.00.

Insider Activity at WD-40

In related news, insider Patricia Olsem sold 300 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $233.73, for a total value of $70,119.00. Following the completion of the transaction, the insider directly owned 4,774 shares of the company’s stock, valued at $1,115,827.02. This trade represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.78% of the company’s stock.

WD-40 Company Profile

WD-40 Company develops and markets maintenance, cleaning and homecare products for consumers, professional tradespeople and industrial users. Its best-known product is WD-40 Multi-Use Product, a spray designed to displace moisture, protect metal, loosen rusted parts and lubricate equipment. The company also offers WD-40 Specialist products for specific maintenance applications and the 3-IN-ONE line of lubricants.

The company’s homecare and cleaning portfolio has included brands such as X-14, 2000 Flushes and Carpet Fresh.