Get Stock Quote Here WD-40 Company is a San Diego, CA-based manufacturer of household chemicals, including its signature lubricant, WD-40, as well as 3-In-One Oil, Lava, Spot Shot, X-14, Carpet Fresh, and 2000 Flushes. In 2003, it was reported that it marketed its products in more than 160 countries.
WD-40 Company (WDFC) Issues Earnings Results WD-40 Company (WDFC) posted its quarterly earnings data on Thursday. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.08. The firm earned $94.60 million during the quarter, compared to analysts’ expectations of $99.10 million. LINK - http://www.americanbankingnews.com/2016/04/07/wd-40-company-wdfc-issues-earnings-results/
Ex-Div-Date: 7/13/16 Payment Date: 7/29/16 Dividend: $0.42 Current Price: $118.52 Annual Yield: 1.42%
Reported yesterday (7/7/16) Earnings: EPS $0.88 Revenue $96.4M Estimates: EPS $0.86 Revenue $99.3M Up 2.38% today
Upcoming dividend information: Ex-Div-Date: 10/19/16 Payment Date: 10/31/16 Dividend: $0.42 Current Price: $110.98 Annual Yield: 1.51%
Triple Play Breaks the Downtrend for WD-40 (WDFC) WD-40 Company (WDFC) manufactures and distributes a number of household and industrial products including its signature lubricating oil from which the company derives its name: WD-40. Perhaps as a result of an increase in squeaky door hinges, the company reported a strong quarter last night. WDFC reported an earnings triple play with EPS 8 cents above estimates and revenues of $114 million versus estimates of $109.4 million; a growth rate of 6.5% year-over-year. The company also raised guidance for the first time since April of last year. Raised guidance has not been a common occurrence for the company. In addition to the one last April, WDFC has only raised guidance two other times, once in 2005 and later in 2006. This is a pleasant change for WDFC which has historically not been the best stock on earnings as it has only beaten EPS estimates 63% of the time and sales 36% of the time. Historically its stock price has averaged a one-day loss of 0.76% on its earnings reaction day. In reaction to its triple play this quarter, the improvements to the technical picture have been dramatic for WD-40. Opening at $169.17 with further buying in early trading, WDFC sits over 7% above yesterday's close in early trading. With these gains, the stock has risen above both the 50 and 200-DMA. For most of the time since April, the stock has been stuck under both of these moving averages with only a few days with brief breaks above the 50-DMA. Additionally, WDFC has been in a downtrend for all of 2019, but today's price action has sent the stock surging out of this downtrend channel.
