WD-40 (WDFC) Releases Quarterly Earnings, Beats Estimates By $0.01 EPS
WD-40 (NASDAQ:WDFC) released its earnings data on Wednesday. The company reported $0.74 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.01, AnalystRatings.NET reports. The company had revenue of $95.50 million for the quarter, compared to the consensus estimate of $97.89 million.
A number of analysts have recently weighed in on WDFC shares. Analysts at B. Riley initiated coverage on shares of WD-40 in a research note to investors on Tuesday. They set a “buy” rating and a $91.00 price target on the stock. On the ratings front, analysts at Zacks downgraded shares of WD-40 from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 18th. They now have a $79.20 price target on the stock. Finally, analysts at Zacks upgraded shares of WD-40 from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, October 23rd. They now have a $73.20 price target on the stock.
WD-40 (NASDAQ:WDFC) traded up 0.61% on Wednesday, hitting $75.55. The stock had a trading volume of 127,863 shares. WD-40 has a 52 week low of $49.70 and a 52 week high of $79.31. The stock’s 50-day moving average is $74.56 and its 200-day moving average is $65.3. The company has a market cap of $1.153 billion and a P/E ratio of 29.56.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of 0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Thursday, January 2nd. This is an increase from WD-40′s previous quarterly dividend of $0.31.
WD-40 Company is a global consumer products company dedicated to delivering solutions for a range of maintenance needs of doer and on-the-job users.
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