Valvoline Inc. (NYSE:VVV) – Stock analysts at SunTrust Banks reduced their Q2 2018 earnings per share estimates for Valvoline in a research report issued on Thursday. SunTrust Banks analyst W. Chappell now anticipates that the basic materials company will post earnings per share of $0.32 for the quarter, down from their previous estimate of $0.39. SunTrust Banks has a “Hold” rating and a $25.00 price target on the stock. SunTrust Banks also issued estimates for Valvoline’s Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.33 EPS and FY2018 earnings at $1.24 EPS.
Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). The firm had revenue of $547.00 million during the quarter, compared to analyst estimates of $528.14 million. Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. Valvoline’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share.
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Several other equities analysts have also issued reports on the company. Zacks Investment Research upgraded Valvoline from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Saturday, October 21st. Morgan Stanley boosted their price objective on Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a $22.00 price objective (up from $20.00) on shares of Valvoline in a research report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Valvoline has an average rating of “Buy” and a consensus price target of $25.38.
Valvoline (NYSE VVV) traded up $0.04 during trading on Monday, hitting $23.08. The stock had a trading volume of 1,682,700 shares, compared to its average volume of 1,323,156. The firm has a market cap of $4,668.48, a price-to-earnings ratio of 16.58, a P/E/G ratio of 2.59 and a beta of 1.62. Valvoline has a 52 week low of $18.72 and a 52 week high of $24.98. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29.
Several institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its stake in shares of Valvoline by 23.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,005 shares of the basic materials company’s stock worth $261,000 after purchasing an additional 2,105 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of Valvoline by 15.6% during the 2nd quarter. Wedbush Securities Inc. now owns 17,375 shares of the basic materials company’s stock worth $412,000 after purchasing an additional 2,345 shares in the last quarter. Eos Focused Equity Management L.P. raised its stake in shares of Valvoline by 1.1% during the 2nd quarter. Eos Focused Equity Management L.P. now owns 230,749 shares of the basic materials company’s stock worth $5,473,000 after purchasing an additional 2,531 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Valvoline by 13.8% during the 3rd quarter. Brown Advisory Inc. now owns 24,401 shares of the basic materials company’s stock worth $571,000 after purchasing an additional 2,967 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Valvoline by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 41,778 shares of the basic materials company’s stock worth $980,000 after purchasing an additional 4,315 shares in the last quarter. Institutional investors own 92.77% of the company’s stock.
Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.
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