Stock News Spotlight: WD-40 Company (NASDAQ:WDFC)

WD-40 Company (NASDAQ:WDFC)stock identified change of 13.97% away from 52-week low price and recently located move of -17.13% off 52-week high price. It has market worth of $2.43B and dividend yield of 1.53%. WDFC stock has been recorded -5.84% away from 50 day moving average and -5.02% away from 200 day moving average. Moving closer, we can see that shares have been trading -6.48% off 20-day moving average.

On April 9, 2020, WD-40 Company (NASDAQ:WDFC) a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world, released financial results for its second fiscal quarter ended February 29, 2020.

Second Fiscal Quarter Financial Highlights

  • Total net sales for the second quarter were $100.0 million, a decrease of 1 percent compared to the prior year fiscal quarter. Year-to-date total net sales were $198.6 million, a decrease of 2 percent compared to the prior year fiscal period.
  • Translation of the Company’s foreign subsidiary results to U.S. dollars had a favorable impact on sales for the current quarter and an unfavorable impact on sales year-to-date. On a constant currency basis, total net sales would have been $99.7 million for the second quarter and $200.6 million year to date.
  • Net income for the second quarter was $14.3 million, a decrease of 10 percent compared to the prior year fiscal quarter. Year-to-date net income was $26.5 million, a decrease of 9 percent from the prior year fiscal period.
  • Diluted earnings per share were $1.04 in the second quarter, compared to $1.14 per share for the prior year fiscal quarter. Year-to-date diluted earnings per share were $1.92 compared to $2.09 in the prior year fiscal period.
  • Gross margin was 53.6 percent in the second quarter compared to 55.4 percent in the prior year fiscal quarter. Year-to-date gross margin was 53.9 percent compared to 55.3 percent in the prior year fiscal period.
  • Selling, general and administrative expenses were down 2 percent in the second quarter to $29.9 million when compared to the prior year fiscal quarter. Year-to-date selling, general and administrative expenses were down 1 percent to $62.5 million compared to the prior year fiscal period.
  • Advertising and sales promotion expenses were down 6 percent in the second quarter to $4.9 million when compared to the prior year fiscal quarter. Year-to-date advertising and sales promotion expenses were down 6 percent to $10.4 million compared to the prior year fiscal period.

The Basic Materials sector company, WD-40 Company noticed change of 0.42% to $175.41 along volume of 314177 shares in recent session compared to an average volume of 164.17K. The stock observed return of 1.80% in 5 days trading activity. The stock was at -2.45% over one month performance. WDFC’s shares are at -8.55% for the quarter and driving a 7.22% return over the course of the past year and is now at -9.65% since this point in 2018.

The average volatility for the week at 5.08% and for month was at 7.17%. There are 13.85M shares outstanding and 13.45M shares are floated in market. Right now the stock beta is 0.15.

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