Equities research analysts expect that Valvoline Inc (NYSE:VVV) will report sales of $609.46 million for the current quarter, Zacks reports. Four analysts have provided estimates for Valvoline’s earnings, with estimates ranging from $596.96 million to $619.80 million. Valvoline reported sales of $577.00 million in the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The business is expected to announce its next earnings results on Wednesday, August 7th.
On average, analysts expect that Valvoline will report full year sales of $2.40 billion for the current year, with estimates ranging from $2.39 billion to $2.42 billion. For the next financial year, analysts forecast that the firm will report sales of $2.49 billion, with estimates ranging from $2.42 billion to $2.53 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Valvoline.
Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Valvoline had a net margin of 9.70% and a negative return on equity of 76.15%. The company had revenue of $591.00 million during the quarter, compared to analysts’ expectations of $596.71 million. During the same period last year, the company posted $0.34 EPS. Valvoline’s revenue was up 3.9% on a year-over-year basis.
NYSE VVV traded down $0.06 during trading hours on Friday, reaching $17.84. 9,792 shares of the company’s stock traded hands, compared to its average volume of 1,523,381. The stock has a market cap of $3.36 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 1.49 and a beta of 0.94. Valvoline has a 52-week low of $16.90 and a 52-week high of $23.16.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.106 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, May 30th. Valvoline’s payout ratio is presently 32.56%.
In related news, CFO Mary E. Meixelsperger purchased 7,500 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average cost of $18.71 per share, for a total transaction of $140,325.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of VVV. Quadrant Capital Group LLC raised its position in shares of Valvoline by 958.3% in the 1st quarter. Quadrant Capital Group LLC now owns 1,524 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 1,380 shares during the last quarter. Doyle Wealth Management purchased a new position in shares of Valvoline in the 4th quarter valued at approximately $33,000. Claybrook Capital LLC purchased a new position in shares of Valvoline in the 4th quarter valued at approximately $36,000. AdvisorNet Financial Inc raised its position in shares of Valvoline by 48,000.0% in the 4th quarter. AdvisorNet Financial Inc now owns 2,405 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Valvoline in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 99.96% of the company’s stock.
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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