Brokerages forecast that Valvoline Inc (NYSE:VVV) will post earnings per share (EPS) of $0.35 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Valvoline’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.36. Valvoline posted earnings of $0.34 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The firm is expected to report its next earnings results on Tuesday, August 7th.
On average, 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 anticipate that the business will report earnings of $1.54 per share, with EPS estimates ranging from $1.49 to $1.62. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Valvoline.
Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, May 2nd. The basic materials company reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. Valvoline had a net margin of 9.93% and a negative return on equity of 142.70%. The business had revenue of $569.00 million for the quarter, compared to analysts’ expectations of $571.92 million. During the same period in the prior year, the firm earned $0.35 earnings per share. Valvoline’s revenue was up 10.7% compared to the same quarter last year.
VVV has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Valvoline from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 3rd. Zacks Investment Research cut shares of Valvoline from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. raised shares of Valvoline from an “underweight” rating to a “neutral” rating and set a $22.00 price target on the stock in a research note on Friday, May 4th. Longbow Research cut shares of Valvoline from a “buy” rating to a “neutral” rating in a research note on Thursday, April 19th. Finally, Wolfe Research began coverage on shares of Valvoline in a research note on Wednesday, March 7th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $25.83.
Hedge funds have recently made changes to their positions in the business. Bristol John W & Co. Inc. NY bought a new position in Valvoline in the first quarter valued at approximately $151,000. Envestnet Asset Management Inc. boosted its stake in Valvoline by 63.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,696 shares of the basic materials company’s stock valued at $167,000 after acquiring an additional 2,602 shares during the last quarter. TLP Group LLC bought a new position in Valvoline in the first quarter valued at approximately $208,000. Good Life Advisors LLC bought a new position in Valvoline in the fourth quarter valued at approximately $241,000. Finally, Cullen Frost Bankers Inc. bought a new position in Valvoline in the first quarter valued at approximately $248,000. 98.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of VVV traded up $0.28 during mid-day trading on Friday, hitting $21.30. 1,673,800 shares of the company traded hands, compared to its average volume of 1,623,532. Valvoline has a one year low of $19.86 and a one year high of $25.63. The company has a debt-to-equity ratio of -5.23, a current ratio of 1.92 and a quick ratio of 1.45. The stock has a market capitalization of $4.16 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.29 and a beta of 1.08.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, June 1st were paid a $0.0745 dividend. The ex-dividend date of this dividend was Thursday, May 31st. This represents a $0.30 dividend on an annualized basis and a yield of 1.40%. Valvoline’s payout ratio is presently 21.58%.
Valvoline Company Profile
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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