WD-40 (NASDAQ:WDFC) issued its quarterly earnings results on Tuesday. The specialty chemicals company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02, RTT News reports. The company had revenue of $101.30 million during the quarter, compared to the consensus estimate of $104.10 million. WD-40 had a return on equity of 39.38% and a net margin of 16.24%. WD-40’s revenue was up .0% on a year-over-year basis. During the same period last year, the business posted $1.05 earnings per share. WD-40 updated its FY 2019 guidance to $4.51-4.58 EPS and its FY19 guidance to $4.51-4.58 EPS.

NASDAQ:WDFC opened at $163.60 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.19 and a quick ratio of 1.60. WD-40 has a 1 year low of $129.60 and a 1 year high of $187.50. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 40.36, a PEG ratio of 3.78 and a beta of 0.24.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, April 17th. WD-40’s dividend payout ratio is currently 59.08%.

A number of large investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors Inc. increased its position in WD-40 by 2.9% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 3,290 shares of the specialty chemicals company’s stock worth $603,000 after buying an additional 93 shares during the last quarter. Coldstream Capital Management Inc. increased its position in WD-40 by 6.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,511 shares of the specialty chemicals company’s stock worth $277,000 after buying an additional 98 shares during the last quarter. Monument Capital Management increased its position in WD-40 by 1.2% in the first quarter. Monument Capital Management now owns 8,382 shares of the specialty chemicals company’s stock worth $1,420,000 after buying an additional 101 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in WD-40 by 2.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 4,540 shares of the specialty chemicals company’s stock worth $832,000 after buying an additional 126 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. increased its position in WD-40 by 1.1% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 12,619 shares of the specialty chemicals company’s stock worth $2,312,000 after buying an additional 136 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on WDFC. BidaskClub downgraded WD-40 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 15th. ValuEngine raised WD-40 from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research downgraded WD-40 from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $164.50.

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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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.

Read More: Gross Domestic Product (GDP)

Earnings History for WD-40 (NASDAQ:WDFC)

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