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

WD-40 (NASDAQ:WDFC) issued its quarterly earnings data on Friday. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $147.40 million. During the same period in the prior year, the business earned $1.28 earnings per share. The business’s revenue 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 Performance

WD-40 stock opened at $240.75 on Friday. The stock’s 50-day moving average is $264.59 and its 200-day moving average is $256.16. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 47.11 and a beta of -0.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.47 and a quick ratio of 1.70. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36.

WD-40 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 is an increase from WD-40’s previous quarterly dividend of $0.88. This represents a $3.76 annualized dividend and a yield of 1.56%. WD-40’s dividend payout ratio is 73.58%.

Insider Transactions at WD-40

In other 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 value of $289,700.00. Following the transaction, the director now directly owns 7,999 shares in the company, valued at $2,317,310.30. This trade represents a 11.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WDFC shares. Jefferies Financial Group increased 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. DA Davidson reiterated a “buy” rating and set a $322.00 target price on shares of WD-40 in a research report on Monday, November 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.