WD-40 Company (NASDAQ:WDFC) announced its quarterly earnings results on Monday. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.05. WD-40 Company had a net margin of 13.82% and a return on equity of 35.59%. The company had revenue of $89.25 million for the quarter, compared to analysts’ expectations of $96.31 million. During the same quarter in the prior year, the firm earned $0.83 EPS. WD-40 Company’s quarterly revenue was down 3.5% compared to the same quarter last year. WD-40 Company updated its FY17 guidance to $3.64-3.71 EPS.
Shares of WD-40 Company (NASDAQ:WDFC) traded down 1.64% during midday trading on Monday, reaching $117.30. 165,146 shares of the company’s stock were exchanged. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 32.23 and a beta of 0.67. WD-40 Company has a 12-month low of $95.46 and a 12-month high of $125.00. The stock’s 50 day moving average price is $112.73 and its 200 day moving average price is $113.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 20th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, January 18th. This is a boost from WD-40 Company’s previous quarterly dividend of $0.42. WD-40 Company’s dividend payout ratio is 46.15%.
Several equities analysts recently issued reports on the stock. B. Riley reiterated a “neutral” rating and set a $120.00 price target on shares of WD-40 Company in a research report on Thursday. Jefferies Group reiterated a “hold” rating and set a $110.00 price target (down previously from $120.00) on shares of WD-40 Company in a research report on Thursday, October 20th. Wunderlich reduced their price target on shares of WD-40 Company from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, October 20th. Finally, Zacks Investment Research cut shares of WD-40 Company from a “hold” rating to a “sell” rating in a report on Wednesday, October 26th.
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In other news, Director Daniel E. Pittard bought 600 shares of the stock in a transaction dated Tuesday, November 8th. The stock was purchased at an average price of $104.00 per share, for a total transaction of $62,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Giles H. Bateman sold 1,176 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $108.02, for a total transaction of $127,031.52. Following the completion of the sale, the director now owns 18,577 shares of the company’s stock, valued at approximately $2,006,687.54. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. bought a new stake in shares of WD-40 Company during the second quarter worth $165,000. Raymond James & Associates raised its stake in shares of WD-40 Company by 30.6% in the second quarter. Raymond James & Associates now owns 2,936 shares of the company’s stock worth $345,000 after buying an additional 688 shares during the last quarter. Axiom International Investors LLC DE raised its stake in shares of WD-40 Company by 14.3% in the second quarter. Axiom International Investors LLC DE now owns 49,158 shares of the company’s stock worth $5,774,000 after buying an additional 6,155 shares during the last quarter. WBI Investments Inc. bought a new stake in shares of WD-40 Company during the second quarter worth $2,055,000. Finally, Teachers Advisors Inc. raised its stake in shares of WD-40 Company by 3.7% in the second quarter. Teachers Advisors Inc. now owns 22,637 shares of the company’s stock worth $2,659,000 after buying an additional 815 shares during the last quarter. Hedge funds and other institutional investors own 77.05% of the company’s stock.
WD-40 Company 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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