Analysts expect Valvoline Inc (NYSE:VVV) to post $0.34 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Valvoline’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.33. Valvoline posted earnings per share of $0.37 during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.1%. The company is scheduled to announce its next earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that Valvoline will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.40. For the next financial year, analysts forecast that the firm will report earnings of $1.55 per share, with EPS estimates ranging from $1.47 to $1.63. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Valvoline.
Valvoline (NYSE:VVV) last posted its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $545.00 million for the quarter, compared to analysts’ expectations of $530.10 million. Valvoline had a negative return on equity of 148.14% and a net margin of 10.37%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS.
VVV has been the topic of several analyst reports. Zacks Investment Research raised Valvoline from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Morgan Stanley increased 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. Seaport Global Securities lowered Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Wednesday, November 22nd. Longbow Research increased their target price on Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, JPMorgan Chase & Co. increased their target price on Valvoline from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.86.
Valvoline (NYSE:VVV) opened at $23.37 on Thursday. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of -5.91. The firm has a market capitalization of $4,675.54, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.39 and a beta of 0.84. Valvoline has a 12-month low of $20.99 and a 12-month high of $25.63.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.0745 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, February 28th. Valvoline’s dividend payout ratio (DPR) is currently 27.52%.
In related news, insider Anthony R. Puckett sold 4,294 shares of the firm’s stock in a transaction dated 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 directly owns 6,192 shares of the company’s stock, valued at $150,651.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas A. Gerrald II sold 3,800 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $24.61, for a total value of $93,518.00. Following the completion of the sale, the senior vice president now directly owns 77 shares in the company, valued at $1,894.97. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC boosted its stake in Valvoline by 600.2% in the third quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock valued at $150,000 after buying an additional 5,486 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Valvoline in the second quarter valued at about $183,000. Leavell Investment Management Inc. acquired a new stake in Valvoline in the fourth quarter valued at about $206,000. HighTower Advisors LLC acquired a new stake in Valvoline in the second quarter valued at about $218,000. Finally, Good Life Advisors LLC acquired a new stake in Valvoline in the fourth quarter valued at about $241,000. 93.46% of the stock is currently owned by institutional investors and hedge funds.
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Valvoline Company Profile
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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