WD-40 (NASDAQ:WDFC) Announces Earnings Results

WD-40 (NASDAQ:WDFC - Get Free Report) posted its quarterly earnings data on Thursday. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.14, RTT News reports. WD-40 had a net margin of 13.99% and a return on equity of 31.55%. During the same period in the prior year, the business earned $1.46 EPS. The business's revenue was up 1.2% on a year-over-year basis.

WD-40 Stock Performance

NASDAQ:WDFC traded down $4.83 during trading hours on Thursday, reaching $224.90. The company had a trading volume of 348,983 shares, compared to its average volume of 121,724. The firm has a market cap of $3.05 billion, a PE ratio of 35.87 and a beta of 0.14. WD-40 has a 1-year low of $208.00 and a 1-year high of $292.36. The business's 50 day moving average price is $238.92 and its 200-day moving average price is $235.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.40 and a quick ratio of 1.69.

WD-40 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 18th will be issued a $0.94 dividend. The ex-dividend date is Friday, July 18th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.67%. WD-40's dividend payout ratio is currently 59.97%.

Insider Transactions at WD-40

In other news, CFO Sara Kathleen Hyzer bought 256 shares of WD-40 stock in a transaction on Friday, April 11th. The stock was acquired at an average price of $222.83 per share, with a total value of $57,044.48. Following the completion of the acquisition, the chief financial officer directly owned 4,072 shares of the company's stock, valued at $907,363.76. The trade was a 6.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.75% of the company's stock.

Institutional Trading of WD-40

Several hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new stake in WD-40 during the first quarter worth approximately $146,000. United Services Automobile Association purchased a new stake in shares of WD-40 in the first quarter valued at about $211,000. Caxton Associates LLP acquired a new stake in shares of WD-40 during the first quarter worth about $225,000. NewEdge Advisors LLC grew its holdings in shares of WD-40 by 6.6% during the first quarter. NewEdge Advisors LLC now owns 1,578 shares of the specialty chemicals company's stock worth $385,000 after buying an additional 98 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in WD-40 by 476.2% in the 1st quarter. Jones Financial Companies Lllp now owns 3,734 shares of the specialty chemicals company's stock valued at $911,000 after acquiring an additional 3,086 shares during the period. Institutional investors and hedge funds own 91.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised shares of WD-40 to a "strong-buy" rating in a research note on Monday, April 14th.

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 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.