WD-40 (NASDAQ:WDFC) Releases Quarterly Earnings Results, Beats Estimates By $0.75 EPS

WD-40 (NASDAQ:WDFC) posted its earnings results on Thursday. The specialty chemicals company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75, FiscalAI reports. WD-40 had a return on equity of 30.23% and a net margin of 12.57%.The business had revenue of $195.12 million during the quarter, compared to analysts’ expectations of $172.79 million. WD-40 updated its FY 2026 guidance to 6.050-6.350 EPS.

WD-40 Stock Down 2.9%

Shares of NASDAQ WDFC traded down $7.17 during mid-day trading on Thursday, hitting $239.42. The company had a trading volume of 281,112 shares, compared to its average volume of 175,576. The company has a current ratio of 2.83, a quick ratio of 1.98 and a debt-to-equity ratio of 0.32. The firm has a 50-day simple moving average of $218.43 and a two-hundred day simple moving average of $218.65. The company has a market capitalization of $3.22 billion, a PE ratio of 40.72 and a beta of 0.26. WD-40 has a one year low of $175.38 and a one year high of $253.24.

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, July 17th. WD-40’s dividend payout ratio is currently 69.39%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Meeder Advisory Services Inc. bought a new stake in shares of WD-40 during the 4th quarter worth approximately $223,000. Advisory Services Network LLC acquired a new stake in shares of WD-40 in the 3rd quarter valued at approximately $94,000. Mercer Global Advisors Inc. ADV bought a new position in shares of WD-40 in the third quarter valued at $218,000. National Bank of Canada FI acquired a new position in WD-40 during the third quarter worth $113,000. Finally, WFA of San Diego LLC acquired a new position in WD-40 during the second quarter worth $131,000. 91.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. William Blair initiated coverage on shares of WD-40 in a report on Monday, April 6th. They issued an “outperform” rating for the company. Northcoast Research upgraded shares of WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Weiss Ratings cut shares of WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, DA Davidson cut their price objective on shares of WD-40 from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $270.00.

About WD-40

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.