WD-40 Company (WDFC) Releases Earnings Results, Beats Expectations By $0.17 EPS

WD-40 Company (WDFC) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. WDFC said it had a profit of $0.99 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.17. Analysts had a consensus of $0.82. The company posted revenue of $97.20 million in the period, compared to analysts expectations of $97.47 million. WDFC’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on WD-40 Company. Jefferies Initiated WD-40 Company on Aug 25, 2016 to “Hold”, Price Target of the shares are set at $120.

WD-40 Company closed down -0.14 points or -0.13% at $110.98 with 86,521 shares getting traded on Friday. Post opening the session at $111.84, the shares hit an intraday low of $110.41 and an intraday high of $112.0299 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Sep 13, 2016, Daniel E Pittard (director) purchased 295 shares at $115.00 per share price. According to the SEC, on Aug 30, 2016, Mario L Crivello (director) sold 9,000 shares at $120.06 per share price. On Aug 11, 2016, Jay Rembolt (Vice President Finance & CFO) sold 570 shares at $117.00 per share price, according to the Form-4 filing with the securities and exchange commission.

WD-40 Company is a global consumer Products Company. As of August 31 2012 the Company’s products included WD-40 Smart Straw WD-40 Trigger Pro 3-IN-ONE Professional Garage Door Lube Spot Shot Pet Clean which is a non-aerosol Spot Shot trigger product and a mildew stain remover under the X-14 brand. In addition its WD-40 Specialist product line consists of certain specialty maintenance products. The Company’s three geographical segments are: the Americas Europe and Asia-Pacific. The Company sells its products primarily through mass retail and home center stores warehouse club stores grocery stores hardware stores automotive parts outlets and industrial distributors and suppliers. During the fiscal year ended August 31 2012 the Company formed WD-40 Bike Company LLC focused on the development of a line of bicycle maintenance products for cyclists and mechanics.

WD-40 Company

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