WD-40 (NASDAQ:WDFC) Issues Quarterly Earnings Results, Misses Estimates By $0.11 EPS

WD-40 (NASDAQ:WDFC) posted its earnings results on Thursday. The specialty chemicals company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $98.60 million for the quarter, compared to analysts’ expectations of $104.00 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. WD-40’s quarterly revenue 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 company has a quick ratio of 1.44, a current ratio of 1.98 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $193.82 and a two-hundred day moving average price of $183.58. WD-40 has a 12-month low of $153.91 and a 12-month high of $199.48. The firm has a market cap of $2.60 billion, a P/E ratio of 47.71 and a beta of 0.25.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a dividend of $0.67 per share. The ex-dividend date is Thursday, January 16th. This represents a $2.68 annualized dividend and a yield of 1.40%. This is a positive change from WD-40’s previous quarterly dividend of $0.61. WD-40’s payout ratio is 60.70%.

Several equities analysts recently commented on WDFC shares. DA Davidson cut WD-40 from a “buy” rating to a “neutral” rating and set a $209.00 target price for the company. in a research report on Tuesday. Zacks Investment Research upgraded WD-40 from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. BidaskClub cut WD-40 from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. Finally, ValuEngine raised WD-40 from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

WD-40 Company Profile

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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Earnings History for WD-40 (NASDAQ:WDFC)

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