Equities analysts expect Valvoline Inc (NYSE:VVV) to post earnings of $0.36 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Valvoline’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.33. Valvoline posted earnings per share of $0.40 in the same quarter last year, which would suggest a negative year over year growth rate of 10%. The company is expected to report its next earnings report on Wednesday, November 4th.
According to Zacks, analysts expect that Valvoline will report full-year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.35 to $1.45. For the next fiscal year, analysts anticipate that the business will report earnings of $1.51 per share, with EPS estimates ranging from $1.37 to $1.65. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Valvoline.
Valvoline (NYSE:VVV) last issued its earnings results on Monday, August 3rd. The basic materials company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $516.00 million for the quarter, compared to analyst estimates of $506.47 million. Valvoline had a net margin of 9.53% and a negative return on equity of 121.96%. Valvoline’s revenue was down 15.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share.
A number of research firms have weighed in on VVV. Morgan Stanley raised their price objective on shares of Valvoline from $16.00 to $22.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. ValuEngine raised shares of Valvoline from a “sell” rating to a “hold” rating in a research note on Thursday, August 6th. SunTrust Banks raised shares of Valvoline from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Thursday, June 4th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Valvoline in a research note on Tuesday, August 11th. Finally, Zacks Investment Research raised shares of Valvoline from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Wednesday, August 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $23.33.
NYSE VVV traded up $0.37 on Tuesday, hitting $20.54. 1,224,813 shares of the company were exchanged, compared to its average volume of 1,003,710. The company has a market cap of $3.80 billion, a PE ratio of 17.41, a PEG ratio of 4.01 and a beta of 1.44. Valvoline has a 12 month low of $9.06 and a 12 month high of $23.90. The stock has a fifty day moving average of $21.20 and a 200-day moving average of $18.28.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.113 dividend. The ex-dividend date is Friday, August 28th. This represents a $0.45 annualized dividend and a dividend yield of 2.20%. Valvoline’s dividend payout ratio is currently 32.37%.
In related news, insider Julie Marie O’daniel sold 1,186 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $21.84, for a total transaction of $25,902.24. Also, SVP Craig A. Moughler sold 9,092 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $22.00, for a total transaction of $200,024.00. Following the sale, the senior vice president now owns 15,022 shares of the company’s stock, valued at approximately $330,484. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wasatch Advisors Inc. increased its holdings in Valvoline by 20.9% during the second quarter. Wasatch Advisors Inc. now owns 7,747,455 shares of the basic materials company’s stock worth $149,758,000 after buying an additional 1,341,364 shares during the last quarter. Invesco Ltd. increased its holdings in Valvoline by 848.7% during the first quarter. Invesco Ltd. now owns 4,824,869 shares of the basic materials company’s stock worth $63,157,000 after buying an additional 4,316,317 shares during the last quarter. State Street Corp increased its holdings in Valvoline by 0.9% during the first quarter. State Street Corp now owns 4,690,191 shares of the basic materials company’s stock worth $61,395,000 after buying an additional 41,093 shares during the last quarter. Schroder Investment Management Group increased its holdings in Valvoline by 24.2% during the first quarter. Schroder Investment Management Group now owns 4,361,971 shares of the basic materials company’s stock worth $54,786,000 after buying an additional 848,631 shares during the last quarter. Finally, Eminence Capital LP purchased a new stake in Valvoline during the second quarter worth about $68,521,000. Institutional investors and hedge funds own 92.26% of the company’s stock.
Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car, light duty, and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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