Analysts predict that Valvoline Inc. (NYSE:VVV) will announce earnings per share (EPS) of $0.37 for the current quarter, Zacks reports. Three analysts have made estimates for Valvoline’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.39. Valvoline reported earnings of $0.39 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.1%. The firm is scheduled to announce its next quarterly earnings results on Thursday, April 22nd.
According to Zacks, analysts expect that Valvoline will report full-year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.58 to $1.70. For the next year, analysts forecast that the company will post earnings of $1.85 per share, with EPS estimates ranging from $1.64 to $2.05. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Valvoline.
Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, February 3rd. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. Valvoline had a negative return on equity of 121.96% and a net margin of 9.53%. The firm had revenue of $653.00 million during the quarter, compared to the consensus estimate of $629.84 million. During the same period in the prior year, the business earned $0.35 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis.
VVV has been the subject of a number of research analyst reports. Seaport Global Securities lowered shares of Valvoline from a “buy” rating to a “neutral” rating in a research report on Monday, January 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on shares of Valvoline from $28.00 to $32.00 in a research report on Monday, March 22nd. Citigroup increased their price target on shares of Valvoline from $28.00 to $32.00 in a research report on Monday, March 22nd. Morgan Stanley increased their price target on shares of Valvoline from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 4th. Finally, Monness Crespi & Hardt increased their price target on shares of Valvoline from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $26.63.
Shares of NYSE VVV traded down $0.09 during mid-day trading on Friday, reaching $26.23. The company had a trading volume of 8,789 shares, compared to its average volume of 1,731,440. The stock has a fifty day moving average of $25.75 and a two-hundred day moving average of $23.13. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 1.87 and a beta of 1.44. Valvoline has a 12-month low of $12.90 and a 12-month high of $26.94.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Friday, February 26th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.91%. The ex-dividend date was Thursday, February 25th. Valvoline’s payout ratio is presently 35.97%.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Valvoline by 0.6% during the fourth quarter. BlackRock Inc. now owns 15,571,692 shares of the basic materials company’s stock valued at $360,328,000 after purchasing an additional 99,973 shares during the last quarter. Boston Partners grew its holdings in Valvoline by 18.5% during the fourth quarter. Boston Partners now owns 7,334,833 shares of the basic materials company’s stock valued at $169,728,000 after purchasing an additional 1,145,829 shares during the last quarter. HG Vora Capital Management LLC grew its holdings in Valvoline by 9.1% during the third quarter. HG Vora Capital Management LLC now owns 6,000,000 shares of the basic materials company’s stock valued at $114,240,000 after purchasing an additional 500,000 shares during the last quarter. Scharf Investments LLC grew its holdings in Valvoline by 24.6% during the fourth quarter. Scharf Investments LLC now owns 3,198,397 shares of the basic materials company’s stock valued at $74,011,000 after purchasing an additional 630,687 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Valvoline by 40.6% in the fourth quarter. Russell Investments Group Ltd. now owns 3,087,068 shares of the basic materials company’s stock worth $71,435,000 after acquiring an additional 891,814 shares during the last quarter. Institutional investors own 92.26% of the company’s stock.
Valvoline Company Profile
Valvoline Inc manufactures, markets, and supplies, engine and automotive maintenance products and services. It operates through three segments: Quick Lubes, Core North America, 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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