Brokerages expect Valvoline Inc (NYSE:VVV) to report $0.35 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have provided estimates for Valvoline’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.36. Valvoline posted earnings of $0.34 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 2.9%. The business is expected to issue its next earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that Valvoline will report full-year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.36. For the next fiscal year, analysts expect that the firm will post earnings of $1.54 per share, with EPS estimates ranging from $1.49 to $1.62. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Valvoline.
Valvoline (NYSE:VVV) last posted its quarterly earnings data on Wednesday, May 2nd. The basic materials company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Valvoline had a negative return on equity of 142.70% and a net margin of 9.93%. The company had revenue of $569.00 million during the quarter, compared to analysts’ expectations of $571.92 million. During the same period last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis.
A number of analysts have weighed in on the company. Morgan Stanley decreased their price objective on Valvoline from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, May 3rd. Zacks Investment Research downgraded Valvoline from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Wolfe Research started coverage on Valvoline in a research note on Wednesday, March 7th. They set an “outperform” rating for the company. JPMorgan Chase downgraded Valvoline from a “neutral” rating to an “underweight” rating and set a $23.00 target price for the company. in a research note on Friday, March 16th. Finally, Longbow Research downgraded Valvoline from a “buy” rating to a “neutral” rating in a research note on Thursday, April 19th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $25.43.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Valvoline by 0.6% during the 1st quarter. BlackRock Inc. now owns 16,864,975 shares of the basic materials company’s stock worth $373,222,000 after buying an additional 97,343 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Valvoline by 44.8% during the 4th quarter. Schroder Investment Management Group now owns 4,459,536 shares of the basic materials company’s stock worth $111,755,000 after buying an additional 1,379,119 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Valvoline by 7.3% during the 1st quarter. JPMorgan Chase & Co. now owns 4,202,517 shares of the basic materials company’s stock worth $93,001,000 after buying an additional 287,612 shares in the last quarter. Newport Trust Co raised its stake in shares of Valvoline by 14.0% during the 1st quarter. Newport Trust Co now owns 3,840,497 shares of the basic materials company’s stock worth $84,990,000 after buying an additional 470,413 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Valvoline by 151.9% in the 1st quarter. American Century Companies Inc. now owns 3,463,158 shares of the basic materials company’s stock valued at $76,640,000 after purchasing an additional 2,088,079 shares in the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.
Valvoline opened at $20.89 on Friday, Marketbeat Ratings reports. Valvoline has a twelve month low of $19.86 and a twelve month high of $25.63. The company has a quick ratio of 1.45, a current ratio of 1.92 and a debt-to-equity ratio of -5.23. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.28 and a beta of 1.07.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.0745 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, May 31st. Valvoline’s dividend payout ratio (DPR) is 21.58%.
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.
Get a free copy of the Zacks research report on Valvoline (VVV)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related companies with MarketBeat.com's FREE daily email newsletter.