WD-40 (NASDAQ:WDFC) released its quarterly earnings results on Thursday. The specialty chemicals company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.11), Briefing.com reports. WD-40 had a return on equity of 36.86% and a net margin of 13.21%. The firm had revenue of $98.60 million for the quarter, compared to analysts’ expectations of $104.00 million. During the same quarter last year, the firm posted $0.95 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. 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.
Shares of WDFC stock opened at $191.81 on Friday. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 47.71 and a beta of 0.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.44 and a current ratio of 1.98. WD-40 has a 52 week low of $153.91 and a 52 week high of $199.48. The firm’s 50-day simple moving average is $193.82 and its two-hundred day simple moving average is $183.58.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.67 dividend. This is a positive change from WD-40’s previous quarterly dividend of $0.61. The ex-dividend date is Thursday, January 16th. This represents a $2.68 annualized dividend and a yield of 1.40%. WD-40’s payout ratio is currently 60.70%.
WDFC has been the topic of several analyst reports. DA Davidson cut shares of 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. Zacks Investment Research upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a report on Tuesday, December 24th. ValuEngine upgraded shares of WD-40 from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, BidaskClub cut shares of WD-40 from a “hold” rating to a “sell” rating in a report on Saturday, January 4th.
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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