WD-40 Co (NASDAQ: WDFC) has reported E.P.S. of $1.14 for its second fiscal quarter (ending February 28) versus $1.21 for the same period a year ago — a decline of -6%. For the latest four quarters through February 28, E.P.S. were $5.04 versus $4.38 for the same period a year ago — an increase of 15%.
Recent Price Action
WD-40 Co (NASDAQ: WDFC) stock declined modestly by -1.5% on 4/9/24. The stock closed at $255.11. Moreover, this decline was accompanied by exceptionally high trading volume at 303% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
WDFC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
WD-40 has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. WD-40 has a very low Appreciation Score of 8 but a very high Power Rating of 88, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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