WD-40 Company (NASDAQ:WDFC) Posts Earnings Results, Beats Estimates By $0.11 EPS
WD-40 Company (NASDAQ:WDFC) released its quarterly earnings data on Monday. The specialty chemicals company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.11, Briefing.com reports. WD-40 Company had a net margin of 13.45% and a return on equity of 37.17%. The firm had revenue of $98.20 million during the quarter, compared to analysts’ expectations of $99.09 million. During the same period in the previous year, the business posted $0.88 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. WD-40 Company updated its FY17 guidance to $3.64-3.71 EPS.
WD-40 Company (NASDAQ WDFC) traded down 0.32% during midday trading on Monday, hitting $110.30. The stock had a trading volume of 106,700 shares. WD-40 Company has a 52 week low of $100.60 and a 52 week high of $125.00. The stock has a market cap of $1.55 billion, a P/E ratio of 30.97 and a beta of 0.74. The company has a 50-day moving average price of $107.70 and a 200-day moving average price of $108.22.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, July 21st will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, July 19th. WD-40 Company’s dividend payout ratio is currently 55.06%.
In related news, VP Jay Rembolt sold 615 shares of WD-40 Company stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $112.00, for a total transaction of $68,880.00. Following the sale, the vice president now directly owns 37,219 shares in the company, valued at $4,168,528. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mario L. Crivello sold 4,726 shares of WD-40 Company stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $104.25, for a total value of $492,685.50. The disclosure for this sale can be found here. Insiders have sold 6,580 shares of company stock worth $696,614 over the last 90 days. 3.90% of the stock is currently owned by corporate insiders.
A number of research firms have commented on WDFC. B. Riley reaffirmed a “neutral” rating and set a $116.00 price objective on shares of WD-40 Company in a research report on Saturday, April 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $110.00 price objective on shares of WD-40 Company in a research report on Friday, March 31st. Zacks Investment Research cut shares of WD-40 Company from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Finally, BidaskClub raised shares of WD-40 Company from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $111.00.
WD-40 Company Company Profile
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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