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HomeMarketResultsWD-40 (NASDAQ:WDFC) Releases Earnings Results

WD-40 (NASDAQ:WDFC) Releases Earnings Results


WD-40 (NASDAQ:WDFCGet Rating) introduced its earnings outcomes on Monday. The specialty chemical compounds firm reported $1.02 earnings per share for the quarter, lacking analysts’ consensus estimates of $1.09 by ($0.07), MarketWatch Earnings studies. The corporate had income of $124.89 million for the quarter, in comparison with the consensus estimate of $140.70 million. WD-40 had a web margin of 12.98% and a return on fairness of 34.48%. The corporate’s income for the quarter was down 7.3% on a year-over-year foundation. Throughout the identical interval within the earlier 12 months, the agency posted $1.34 EPS. WD-40 up to date its FY 2023 steering to $5.09-$5.24 EPS and its FY23 steering to $5.09-5.24 EPS.

WD-40 Inventory Efficiency

WDFC stock traded up $1.47 on Monday, hitting $162.60. The corporate had a buying and selling quantity of 268,057 shares, in comparison with its common quantity of 131,491. WD-40 has a 12-month low of $145.16 and a 12-month excessive of $255.31. The corporate has a present ratio of two.25, a fast ratio of 1.31 and a debt-to-equity ratio of 0.57. The inventory’s 50-day easy shifting common is $165.57 and its 200 day easy shifting common is $177.18. The inventory has a market cap of $2.21 billion, a price-to-earnings ratio of 33.18 and a beta of -0.18.

WD-40 Will increase Dividend

The enterprise additionally not too long ago introduced a quarterly dividend, which will likely be paid on Tuesday, January thirty first. Buyers of file on Friday, January thirteenth will likely be issued a $0.83 dividend. The ex-dividend date is Thursday, January twelfth. This represents a $3.32 annualized dividend and a yield of two.04%. This can be a increase from WD-40’s earlier quarterly dividend of $0.78. WD-40’s dividend payout ratio (DPR) is presently 63.67%.

Analyst Rankings Adjustments

Various brokerages have not too long ago weighed in on WDFC. DA Davidson lifted their goal worth on shares of WD-40 from $205.00 to $207.00 and gave the corporate a “purchase” score in a analysis word on Thursday, October twentieth. StockNews.com initiated protection on shares of WD-40 in a report on Wednesday, October twelfth. They issued a “maintain” score on the inventory.

Insiders Place Their Bets

In different WD-40 information, insider Patricia Q. Olsem offered 625 shares of the inventory in a transaction that occurred on Thursday, November tenth. The shares had been offered at a median worth of $165.00, for a complete worth of $103,125.00. Following the transaction, the insider now instantly owns 3,181 shares within the firm, valued at $524,865. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which will be accessed via this hyperlink. In associated information, CEO Steven A. Brass purchased 632 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, October twenty sixth. The inventory was purchased at a median price of $158.16 per share, with a complete worth of $99,957.12. Following the completion of the acquisition, the chief govt officer now owns 15,389 shares of the corporate’s inventory, valued at roughly $2,433,924.24. The acquisition was disclosed in a submitting with the Securities & Alternate Fee, which is accessible via the SEC website. Additionally, insider Patricia Q. Olsem offered 625 shares of the agency’s inventory in a transaction on Thursday, November tenth. The shares had been offered at a median worth of $165.00, for a complete transaction of $103,125.00. Following the transaction, the insider now instantly owns 3,181 shares of the corporate’s inventory, valued at $524,865. The disclosure for this sale will be discovered here. Insiders personal 1.50% of the corporate’s inventory.

Hedge Funds Weigh In On WD-40

A number of institutional buyers have not too long ago purchased and offered shares of the inventory. BlackRock Inc. grew its stake in WD-40 by 1.2% through the first quarter. BlackRock Inc. now owns 2,125,850 shares of the specialty chemical compounds firm’s inventory valued at $389,520,000 after buying a further 25,648 shares within the final quarter. Vanguard Group Inc. grew its stake in shares of WD-40 by 0.7% within the third quarter. Vanguard Group Inc. now owns 1,623,323 shares of the specialty chemical compounds firm’s inventory price $285,283,000 after shopping for a further 11,000 shares within the final quarter. State Avenue Corp grew its stake in shares of WD-40 by 0.7% within the 2nd quarter. State Avenue Corp now owns 482,808 shares of the specialty chemical compounds firm’s inventory price $97,218,000 after shopping for a further 3,270 shares within the final quarter. First Belief Advisors LP grew its stake in shares of WD-40 by 27.4% within the 1st quarter. First Belief Advisors LP now owns 328,113 shares of the specialty chemical compounds firm’s inventory price $60,120,000 after shopping for a further 70,598 shares within the final quarter. Lastly, Financial institution of New York Mellon Corp grew its stake in shares of WD-40 by 1.6% within the third quarter. Financial institution of New York Mellon Corp now owns 165,347 shares of the specialty chemical compounds firm’s inventory price $29,056,000 after shopping for a further 2,564 shares within the final quarter. 92.24% of the inventory is owned by hedge funds and different institutional buyers.

About WD-40

(Get Rating)

WD-40 Firm develops and sells upkeep merchandise, and homecare and cleansing merchandise within the Americas, Europe, the Center East, Africa, Australia, and the Asia Pacific. The corporate gives multi-purpose upkeep merchandise that embrace aerosol sprays, non-aerosol set off sprays, and in liquid-bulk kind merchandise beneath the WD-40 Multi-Use model identify; and specialty upkeep merchandise, equivalent to penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers beneath the WD-40 Specialist model, in addition to numerous merchandise beneath the WD-40 Bike model identify.

Learn Extra

Earnings History for WD-40 (NASDAQ:WDFC)

This immediate information alert was generated by narrative science expertise and monetary information from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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