Equities research analysts expect that Valvoline Inc (NYSE:VVV) will post earnings of $0.34 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Valvoline’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.33. Valvoline reported earnings per share of $0.33 in the same quarter last year, which would suggest a positive year over year growth rate of 3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Valvoline will report full-year earnings of $1.29 per share for the current fiscal year, with EPS estimates ranging from $1.28 to $1.30. For the next year, analysts anticipate that the business will post earnings of $1.48 per share, with EPS estimates ranging from $1.42 to $1.54. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Valvoline.
Valvoline (NYSE:VVV) last announced its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The company had revenue of $577.00 million during the quarter, compared to the consensus estimate of $591.49 million. Valvoline had a net margin of 10.10% and a negative return on equity of 124.61%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a report on Thursday, September 6th. Seaport Global Securities upgraded shares of Valvoline from a “neutral” rating to a “buy” rating in a report on Monday. Monness Crespi & Hardt reduced their target price on shares of Valvoline from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, August 3rd. ValuEngine upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Morgan Stanley reduced their target price on shares of Valvoline from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Valvoline presently has a consensus rating of “Hold” and an average price target of $25.14.
Shares of Valvoline stock traded up $0.69 during trading hours on Monday, reaching $21.41. The company’s stock had a trading volume of 3,184,900 shares, compared to its average volume of 1,491,924. Valvoline has a one year low of $19.86 and a one year high of $25.63. The company has a quick ratio of 1.40, a current ratio of 1.86 and a debt-to-equity ratio of -4.27. The company has a market cap of $4.23 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.48 and a beta of 0.97.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 31st will be issued a $0.0745 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.39%. Valvoline’s dividend payout ratio (DPR) is presently 21.58%.
In other news, insider Anthony R. Puckett sold 6,132 shares of the business’s stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $21.72, for a total value of $133,187.04. Following the sale, the insider now directly owns 5,445 shares in the company, valued at approximately $118,265.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.07% of the company’s stock.
Several institutional investors have recently bought and sold shares of VVV. Gabelli Funds LLC grew its holdings in Valvoline by 0.3% during the 2nd quarter. Gabelli Funds LLC now owns 739,980 shares of the basic materials company’s stock valued at $15,961,000 after purchasing an additional 2,455 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in Valvoline by 5.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 49,775 shares of the basic materials company’s stock valued at $1,074,000 after purchasing an additional 2,789 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in Valvoline by 2.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 168,406 shares of the basic materials company’s stock valued at $3,633,000 after purchasing an additional 4,044 shares during the last quarter. Bank of Montreal Can grew its holdings in Valvoline by 14.4% during the 2nd quarter. Bank of Montreal Can now owns 33,686 shares of the basic materials company’s stock valued at $726,000 after purchasing an additional 4,235 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Valvoline by 2.6% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 179,792 shares of the basic materials company’s stock valued at $3,878,000 after purchasing an additional 4,588 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.
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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