WD-40 (NASDAQ:WDFC) Announces Earnings Results, Misses Expectations By $0.11 EPS

WD-40 (NASDAQ:WDFC) released its earnings results 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. WD-40 had a return on equity of 32.23% and a net margin of 11.79%. The company had revenue of $156.00 million during the quarter, compared to analyst estimates of $149.20 million. During the same quarter last year, the business earned $1.21 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. 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

NASDAQ:WDFC opened at $251.25 on Friday. 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 firm has a market cap of $3.40 billion, a price-to-earnings ratio of 49.17 and a beta of -0.08. The company has a 50 day moving average price of $256.53 and a 200-day moving average price of $242.40. WD-40 has a 1-year low of $194.09 and a 1-year high of $278.78.

WD-40 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, October 18th. WD-40’s dividend payout ratio (DPR) is 68.88%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WDFC shares. DA Davidson raised their price target on shares of WD-40 from $303.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group raised their price target on shares of WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research report on Friday.

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.