WD-40 (NASDAQ:WDFC) Issues Quarterly Earnings Results

WD-40 (NASDAQ:WDFC) announced its quarterly earnings results on Thursday. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.11), Briefing.com reports. The firm had revenue of $98.60 million during the quarter, compared to the consensus estimate of $104.00 million. WD-40 had a return on equity of 36.86% and a net margin of 13.21%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 EPS. WD-40 updated its FY 2020
After-Hours guidance to 4.74-4.83 EPS and its FY20 guidance to $4.74-$4.83 EPS.

WDFC stock opened at $191.81 on Friday. WD-40 has a twelve month low of $153.91 and a twelve month high of $199.48. The company has a quick ratio of 1.44, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average is $193.82 and its 200-day moving average is $183.58. The firm has a market capitalization of $2.60 billion, a PE ratio of 47.71 and a beta of 0.25.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, January 16th. This is a positive change from WD-40’s previous quarterly dividend of $0.61. WD-40’s dividend payout ratio (DPR) is currently 60.70%.

Several brokerages have issued reports on WDFC. DA Davidson lowered WD-40 from a “buy” rating to a “neutral” rating and set a $209.00 price target on the stock. in a report on Tuesday. ValuEngine upgraded WD-40 from a “hold” rating to a “buy” rating in a report on Friday, November 1st. BidaskClub lowered WD-40 from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. Finally, Zacks Investment Research upgraded WD-40 from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th.

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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.

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Earnings History for WD-40 (NASDAQ:WDFC)

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