WD-40 (NASDAQ:WDFC) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

WD-40 (NASDAQ:WDFC - Get Free Report) issued its quarterly earnings results on Friday. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.10, Zacks reports. The company had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. WD-40 updated its FY25 guidance to $5.20-$5.45 EPS and its FY 2025 guidance to 5.200-5.450 EPS.

WD-40 Stock Performance

WDFC traded up $2.13 on Friday, hitting $240.75. The company's stock had a trading volume of 231,358 shares, compared to its average volume of 122,906. The firm has a market cap of $3.26 billion, a P/E ratio of 47.11 and a beta of -0.04. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37. The company's 50 day simple moving average is $264.59 and its 200-day simple moving average is $256.16.

WD-40 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.94 per share. The ex-dividend date is Friday, January 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.56%. This is a positive change from WD-40's previous quarterly dividend of $0.88. WD-40's dividend payout ratio (DPR) is presently 73.58%.

Insider Activity

In related news, Director William B. Noble sold 1,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total value of $289,700.00. Following the transaction, the director now owns 7,999 shares of the company's stock, valued at $2,317,310.30. This represents a 11.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WDFC has been the topic of several analyst reports. DA Davidson reissued a "buy" rating and set a $322.00 target price on shares of WD-40 in a research report on Monday, November 18th. Jefferies Financial Group boosted their target price on shares of WD-40 from $250.00 to $280.00 and gave the company a "hold" rating in a report on Friday, October 18th.

About WD-40

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 provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.