WD-40 (WDFC) Issues Earnings Results

WD-40 (NASDAQ:WDFC) announced its quarterly earnings results on Tuesday. The specialty chemicals company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.07, RTT News reports. WD-40 had a return on equity of 39.82% and a net margin of 13.91%. The company had revenue of $97.60 million during the quarter. During the same quarter last year, the firm posted $0.82 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. WD-40 updated its FY18 guidance to $3.91-3.98 EPS.

Shares of WD-40 (NASDAQ WDFC) opened at $118.10 on Wednesday. WD-40 has a 12 month low of $100.60 and a 12 month high of $122.65. The company has a quick ratio of 2.51, a current ratio of 2.98 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $1,650.00, a price-to-earnings ratio of 31.00, a PEG ratio of 3.09 and a beta of 0.67.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 19th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, January 18th. This is an increase from WD-40’s previous quarterly dividend of $0.49. WD-40’s payout ratio is currently 51.44%.

A number of brokerages have issued reports on WDFC. BidaskClub lowered WD-40 from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded WD-40 from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. FBR & Co reiterated a “neutral” rating and set a $122.00 price target (up previously from $115.00) on shares of WD-40 in a research report on Friday, October 20th. Finally, B. Riley reissued a “neutral” rating on shares of WD-40 in a research note on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $117.25.

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WD-40 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.

Earnings History for WD-40 (NASDAQ:WDFC)

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