Valvoline Inc. (NYSE:VVV) Expected to Announce Earnings of $0.49 Per Share

Wall Street brokerages expect Valvoline Inc. (NYSE:VVV) to post earnings of $0.49 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Valvoline’s earnings. The highest EPS estimate is $0.54 and the lowest is $0.46. Valvoline reported earnings per share of $0.46 in the same quarter last year, which indicates a positive year over year growth rate of 6.5%. The business is scheduled to announce its next earnings results on Wednesday, October 27th.

On average, analysts expect that Valvoline will report full-year earnings of $1.93 per share for the current fiscal year, with EPS estimates ranging from $1.90 to $1.95. For the next financial year, analysts forecast that the company will post earnings of $2.19 per share, with EPS estimates ranging from $2.09 to $2.25. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Valvoline.

Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, August 4th. The basic materials company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.10. The business had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $752.80 million. Valvoline had a net margin of 13.37% and a negative return on equity of 841.46%. The business’s revenue was up 53.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a report on Tuesday, August 10th. Morgan Stanley upped their target price on shares of Valvoline from $31.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to, Valvoline has an average rating of “Hold” and an average target price of $32.75.

In related news, insider Julie Marie O’daniel sold 4,969 shares of the stock in a transaction that occurred on Friday, August 20th. The shares were sold at an average price of $29.81, for a total transaction of $148,125.89. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.62% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Neuberger Berman Group LLC lifted its position in Valvoline by 0.4% during the first quarter. Neuberger Berman Group LLC now owns 73,586 shares of the basic materials company’s stock valued at $1,916,000 after purchasing an additional 328 shares during the period. Sowell Financial Services LLC raised its position in Valvoline by 1.5% in the first quarter. Sowell Financial Services LLC now owns 21,964 shares of the basic materials company’s stock worth $701,000 after acquiring an additional 332 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in Valvoline by 1.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,560 shares of the basic materials company’s stock worth $499,000 after acquiring an additional 360 shares during the period. Man Group plc raised its position in Valvoline by 0.3% in the first quarter. Man Group plc now owns 153,183 shares of the basic materials company’s stock worth $3,993,000 after acquiring an additional 451 shares during the period. Finally, Foyston Gordon & Payne Inc raised its position in Valvoline by 0.5% in the second quarter. Foyston Gordon & Payne Inc now owns 94,544 shares of the basic materials company’s stock worth $3,069,000 after acquiring an additional 452 shares during the period. Institutional investors own 92.59% of the company’s stock.

VVV traded up $0.16 during midday trading on Monday, reaching $32.31. The company’s stock had a trading volume of 23,728 shares, compared to its average volume of 1,307,709. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 15.84 and a beta of 1.44. The company has a current ratio of 2.00, a quick ratio of 1.52 and a debt-to-equity ratio of 73.52. Valvoline has a 1 year low of $18.34 and a 1 year high of $34.65. The stock’s 50-day moving average is $30.78 and its 200-day moving average is $30.51.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Monday, August 30th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 27th. This represents a $0.50 dividend on an annualized basis and a yield of 1.55%. Valvoline’s dividend payout ratio (DPR) is 33.78%.

About Valvoline

Valvoline, Inc is engaged in producing, marketing and supplying of engine & automotive maintenance products and services. The company operates through three segments: Quick Lubes, Core North America and International. The Quick Lubes segment provides services to passenger car and light truck quick lube market through company-owned and independent franchised retail quick lube service center stores and independent express care stores that service vehicles with valvoline products.

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