WD-40 (NASDAQ:WDFC) Issues Earnings Results

WD-40 (NASDAQ:WDFC) released its earnings results on Friday. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $153.30 million during the quarter, compared to analyst estimates of $147.40 million. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The firm’s revenue for the quarter 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 Trading Up 0.9 %

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

WD-40 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.94 per share. The ex-dividend date is Friday, January 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.56%. 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 Activity at WD-40

In other WD-40 news, Director William B. Noble sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total transaction of $289,700.00. Following the sale, the director now directly owns 7,999 shares in the company, valued at approximately $2,317,310.30. The trade was a 11.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

WDFC has been the subject of a number of recent research reports. DA Davidson reaffirmed a “buy” rating and set a $322.00 price objective on shares of WD-40 in a research report on Monday, November 18th. Jefferies Financial Group upped their target price on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

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.