WDFC - WD-40: Some Big News In Fiscal Q2 Shares Should Move

2024-04-09 17:10:26 ET

Summary

• WD-40 Company stock has consistently been overvalued but delivers slow and consistent long-term returns.
• Revenue growth continues with sales of $139.1 million, up 7% from last year.
• Margin power is improving, with a gross margin of 52.4% in fiscal Q2 compared to 50.8% a year ago.
• Sales of homecare and cleaning lines and an outlook revision could shake things up for new money to come in.

The WD-40 Company (WDFC) stock is a long-term name we have continued to hold, one of our longest-held positions . In our last update , we continued to suggest holding shares are pricey based on valuations metrics . However, the stock has been consistently "overvalued" on many of these metrics. The stock, despite all the movement in the markets, has held in a tight range the last few months....

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