The Valspar (VAL) Scheduled to Post Earnings on Tuesday
The Valspar (NYSE:VAL) will be releasing its Q314 earnings data on Tuesday, August 12th. Analysts expect The Valspar to post earnings of $1.16 per share and revenue of $1.19 billion for the quarter. The Valspar has set its FY14 guidance at $3.95-4.15 EPS.Parties that wish to register for the company’s conference call can do so using this link.
The Valspar (NYSE:VAL) last posted its quarterly earnings results on Monday, May 19th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, analysts expect The Valspar to post $4.09 EPS for the current fiscal year and $4.74 EPS for the next fiscal year.
The Valspar (NYSE:VAL) opened at 77.20 on Monday. The Valspar has a one year low of $61.13 and a one year high of $82.00. The stock’s 50-day moving average is $76.48 and its 200-day moving average is $74.02. The company has a market cap of $6.447 billion and a P/E ratio of 22.57.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs upgraded shares of The Valspar from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 22nd. They now have a $97.00 price target on the stock, up previously from $83.00. They noted that the move was a valuation call. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Valspar in a research note on Wednesday, May 21st. They now have a $76.00 price target on the stock, up previously from $73.00. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $79.09.
The Valspar Corporation is engaged in the paint and coatings business. The Company manufactures and distributes a range of coatings, paints and related products.
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