Valvoline Inc (NYSE:VVV) – Stock analysts at Seaport Global Securities lifted their FY2020 earnings estimates for shares of Valvoline in a research note issued to investors on Monday, September 17th. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings of $1.77 per share for the year, up from their previous estimate of $1.76. Seaport Global Securities has a “Buy” rating on the stock.
Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $577.00 million during the quarter, compared to the consensus estimate of $591.49 million. Valvoline had a negative return on equity of 124.61% and a net margin of 10.10%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS.
Other research analysts have also recently issued research reports about the company. ValuEngine cut Valvoline from a “hold” rating to a “sell” rating in a research note on Monday, June 11th. Morgan Stanley reduced their target price on Valvoline from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 2nd. Zacks Investment Research raised Valvoline from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. JPMorgan Chase & Co. cut Valvoline from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $22.00 to $20.00 in a research note on Friday. Finally, Monness Crespi & Hardt reduced their target price on Valvoline from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, August 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.14.
Valvoline stock opened at $21.41 on Tuesday. The firm has a market capitalization of $3.95 billion, a PE ratio of 16.19, a PEG ratio of 1.38 and a beta of 0.99. Valvoline has a fifty-two week low of $19.86 and a fifty-two week high of $25.63. The company has a current ratio of 1.86, a quick ratio of 1.40 and a debt-to-equity ratio of -4.27.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were given a dividend of $0.0745 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $0.30 annualized dividend and a yield of 1.39%. Valvoline’s payout ratio is 21.58%.
In other Valvoline news, insider Anthony R. Puckett sold 6,132 shares of the company’s stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $21.72, for a total transaction of $133,187.04. Following the completion of the sale, the insider now directly owns 5,445 shares in the company, valued at $118,265.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.59% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of VVV. Bristol John W & Co. Inc. NY purchased a new stake in shares of Valvoline during the first quarter worth about $151,000. TLP Group LLC purchased a new stake in shares of Valvoline during the first quarter worth about $208,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Valvoline during the first quarter worth about $248,000. GSA Capital Partners LLP purchased a new stake in shares of Valvoline during the second quarter worth about $245,000. Finally, Jane Street Group LLC purchased a new stake in shares of Valvoline during the second quarter worth about $280,000. Institutional investors and hedge funds 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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