Wall Street analysts forecast that Valvoline Inc (NYSE:VVV) will report sales of $529.56 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Valvoline’s earnings. The lowest sales estimate is $520.6 million and the highest is $533.3 million. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Valvoline will report full-year sales of $529.56 million for the current fiscal year, with estimates ranging from $2.04 billion to $2.08 billion. For the next financial year, analysts expect that the company will report sales of $2.17 billion per share, with estimates ranging from $2.12 billion to $2.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Valvoline.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $514 million for the quarter, compared to analysts’ expectations of $501.04 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis.

VVV has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a report on Thursday, April 6th. Monness Crespi & Hardt boosted their target price on shares of Valvoline from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, January 30th. Finally, Seaport Global Securities downgraded shares of Valvoline from a “buy” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Tuesday, January 31st. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Valvoline currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Valvoline (NYSE:VVV) traded down 1.48% during mid-day trading on Thursday, reaching $22.61. 8,985,641 shares of the company’s stock traded hands. Valvoline has a one year low of $18.30 and a one year high of $24.98. The firm’s 50-day moving average price is $23.26 and its 200 day moving average price is $22.29. The firm has a market cap of $4.62 billion and a price-to-earnings ratio of 16.38.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be paid a dividend of $0.049 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.87%.

Several institutional investors have recently added to or reduced their stakes in VVV. BlueCrest Capital Management Ltd purchased a new position in Valvoline during the first quarter worth approximately $352,000. Bank of America Corp DE boosted its position in Valvoline by 302.4% in the first quarter. Bank of America Corp DE now owns 597,920 shares of the basic materials company’s stock worth $14,679,000 after buying an additional 449,346 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Valvoline during the first quarter worth approximately $218,000. Schwab Charles Investment Management Inc. boosted its position in Valvoline by 44.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 115,450 shares of the basic materials company’s stock worth $2,835,000 after buying an additional 35,607 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Valvoline during the first quarter worth approximately $2,007,000. 18.50% of the stock is owned by hedge funds and other institutional investors.

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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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