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

WD-40 (NASDAQ:WDFC) announced its quarterly earnings data on Thursday. The specialty chemicals company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11), Briefing.com reports. The firm had revenue of $156.00 million during the quarter, compared to the consensus estimate of $149.20 million. WD-40 had a return on equity of 32.43% and a net margin of 12.07%. WD-40’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 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 Price Performance

Shares of NASDAQ:WDFC traded down $12.61 during midday trading on Friday, reaching $251.25. The company’s stock had a trading volume of 303,438 shares, compared to its average volume of 106,590. WD-40 has a fifty-two week low of $194.09 and a fifty-two week high of $278.78. The company has a market capitalization of $3.40 billion, a P/E ratio of 49.36 and a beta of -0.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 1.56. The business’s fifty day simple moving average is $256.53 and its 200-day simple moving average is $242.44.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be given a $0.88 dividend. The ex-dividend date is Friday, October 18th. This represents a $3.52 annualized dividend and a yield of 1.40%. WD-40’s payout ratio is 69.16%.

Analysts Set New Price Targets

WDFC has been the subject of several research reports. DA Davidson raised their target price on WD-40 from $303.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group increased their target price on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a report on Friday.

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.