WD-40 Company (WDFC) Scheduled to Post Earnings on Thursday
WD-40 Company (NASDAQ:WDFC) will be posting its quarterly earnings results after the market closes on Thursday, October 19th. Analysts expect WD-40 to post earnings of $0.97 per share for the quarter.
WD-40 (NASDAQ:WDFC) last issued its earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.11. The business had revenue of $98.20 million during the quarter, compared to analyst estimates of $99.09 million. WD-40 had a return on equity of 39.64% and a net margin of 13.85%. WD-40’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, analysts expect WD-40 to post $3.68 EPS for the current fiscal year and $3.93 EPS for the next fiscal year.
Shares of WD-40 Company (NASDAQ WDFC) opened at 113.70 on Thursday. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 30.72 and a beta of 0.72. The firm has a 50-day moving average price of $110.28 and a 200 day moving average price of $107.58. WD-40 Company has a 52 week low of $100.60 and a 52 week high of $119.90.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 20th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, October 19th. WD-40’s payout ratio is 52.97%.
In other news, VP Jay Rembolt sold 676 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $112.60, for a total transaction of $76,117.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.90% of the company’s stock.
A number of analysts have issued reports on the company. Zacks Investment Research raised WD-40 from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Friday, September 1st. BidaskClub raised WD-40 from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, FBR & Co reaffirmed a “marketperform” rating on shares of WD-40 in a research note on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. WD-40 presently has an average rating of “Hold” and an average target price of $111.75.
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.
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