Brokerages Anticipate Valvoline Inc (VVV) Will Post Earnings of $0.34 Per Share

Wall Street brokerages forecast that Valvoline Inc (NYSE:VVV) will report $0.34 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Valvoline’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.33. Valvoline also posted earnings per share of $0.34 in the same quarter last year. The firm is expected to issue its next earnings report on Wednesday, May 1st.

On average, analysts expect that Valvoline will report full-year earnings of $1.35 per share for the current year, with EPS estimates ranging from $1.30 to $1.37. For the next financial year, analysts forecast that the firm will post earnings of $1.49 per share, with EPS estimates ranging from $1.41 to $1.57. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Valvoline.

Valvoline (NYSE:VVV) last released its earnings results on Wednesday, February 6th. The basic materials company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). The firm had revenue of $557.00 million for the quarter, compared to analyst estimates of $584.75 million. Valvoline had a negative return on equity of 80.99% and a net margin of 9.97%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share.

A number of research analysts have commented on VVV shares. Buckingham Research started coverage on shares of Valvoline in a research note on Friday, March 15th. They set a “neutral” rating and a $20.00 price target for the company. Zacks Investment Research cut shares of Valvoline from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $22.88.

In other Valvoline news, SVP Craig A. Moughler sold 2,551 shares of Valvoline stock in a transaction on Friday, January 18th. The shares were sold at an average price of $21.88, for a total transaction of $55,815.88. Following the completion of the sale, the senior vice president now owns 27,221 shares of the company’s stock, valued at approximately $595,595.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Samuel J. Mitchell bought 25,000 shares of the stock in a transaction on Monday, January 14th. The shares were acquired at an average cost of $20.78 per share, with a total value of $519,500.00. Following the acquisition, the chief executive officer now directly owns 167,133 shares in the company, valued at approximately $3,473,023.74. The disclosure for this purchase can be found here. Insiders sold a total of 5,123 shares of company stock valued at $110,934 in the last 90 days. 0.49% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cipher Capital LP acquired a new stake in Valvoline during the 4th quarter worth $236,000. Credit Suisse AG grew its holdings in shares of Valvoline by 35.9% in the 3rd quarter. Credit Suisse AG now owns 245,162 shares of the basic materials company’s stock valued at $5,274,000 after buying an additional 64,799 shares during the period. Teachers Advisors LLC grew its holdings in shares of Valvoline by 1.0% in the 3rd quarter. Teachers Advisors LLC now owns 593,375 shares of the basic materials company’s stock valued at $12,763,000 after buying an additional 5,805 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Valvoline in the 3rd quarter valued at $4,435,000. Finally, Rhumbline Advisers grew its holdings in shares of Valvoline by 35.2% in the 4th quarter. Rhumbline Advisers now owns 555,609 shares of the basic materials company’s stock valued at $10,751,000 after buying an additional 144,590 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

VVV traded up $0.32 during midday trading on Monday, reaching $18.88. 1,100,600 shares of the company’s stock were exchanged, compared to its average volume of 1,403,564. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 1.33 and a beta of 0.97. Valvoline has a one year low of $17.49 and a one year high of $23.16.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.106 dividend. This represents a $0.42 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, February 28th. Valvoline’s dividend payout ratio (DPR) is presently 32.56%.

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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