Brokerages expect Valvoline Inc. (NYSE:VVV) to report earnings of $0.30 per share 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 $0.27 and the highest estimate coming in at $0.35. Valvoline posted earnings per share of $0.35 during the same quarter last year, which would indicate a negative year over year growth rate of 14.3%. The company is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that Valvoline will report full-year earnings of $1.31 per share for the current financial year, with EPS estimates ranging from $1.23 to $1.51. For the next fiscal year, analysts expect that the company will report earnings of $1.41 per share, with EPS estimates ranging from $1.34 to $1.54. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Valvoline.
Valvoline (NYSE:VVV) last announced its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The business had revenue of $547.00 million for the quarter, compared to analysts’ expectations of $528.14 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis.
VVV has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Valvoline from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $25.00 target price on shares of Valvoline in a report on Friday, November 10th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $22.00 target price (up previously from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. Finally, Morgan Stanley upped their target price on Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Valvoline has an average rating of “Hold” and an average target price of $25.38.
In related news, insider Anthony R. Puckett sold 4,294 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $24.33, for a total value of $104,473.02. Following the sale, the insider now owns 6,192 shares in the company, valued at approximately $150,651.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.07% of the company’s stock.
Several institutional investors have recently bought and sold shares of VVV. Principal Financial Group Inc. purchased a new stake in shares of Valvoline in the 1st quarter worth approximately $254,000. TIAA CREF Investment Management LLC grew its stake in shares of Valvoline by 17.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 91,625 shares of the basic materials company’s stock worth $2,249,000 after buying an additional 13,476 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Valvoline by 1,210.5% in the 1st quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock worth $201,000 after buying an additional 7,578 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Valvoline by 105.1% in the 1st quarter. Vanguard Group Inc. now owns 3,793,964 shares of the basic materials company’s stock worth $93,142,000 after buying an additional 1,944,594 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Valvoline by 8.5% in the 1st quarter. Geode Capital Management LLC now owns 253,378 shares of the basic materials company’s stock worth $6,220,000 after buying an additional 19,872 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.
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Valvoline (NYSE VVV) traded up $0.05 during mid-day trading on Tuesday, hitting $24.42. The company’s stock had a trading volume of 1,185,599 shares, compared to its average volume of 1,348,918. Valvoline has a 1 year low of $19.57 and a 1 year high of $25.07. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29. The stock has a market cap of $4,955.85, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 2.35 and a beta of 1.62.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.0745 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.30 annualized dividend and a dividend yield of 1.22%. This is an increase from Valvoline’s previous quarterly dividend of $0.05. Valvoline’s dividend payout ratio is presently 13.42%.
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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