Valvoline Inc. (NYSE:VVV) – SunTrust Banks upped their Q1 2018 earnings estimates for shares of Valvoline in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst W. Chappell now expects that the basic materials company will earn $0.37 per share for the quarter, up from their prior forecast of $0.34. SunTrust Banks also issued estimates for Valvoline’s Q4 2018 earnings at $0.35 EPS.

Valvoline (NYSE:VVV) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by $0.01. The firm had revenue of $534 million during the quarter, compared to analyst estimates of $530.57 million. Valvoline had a negative return on equity of 106.06% and a net margin of 13.00%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year.

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Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Valvoline from a “hold” rating to a “sell” rating in a research report on Saturday. Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, June 7th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $23.00 price objective (up from $22.00) on shares of Valvoline in a research report on Saturday, June 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.18.

Shares of Valvoline (VVV) opened at 22.32 on Monday. The firm has a market capitalization of $4.55 billion and a PE ratio of 19.54. The company’s 50 day moving average is $23.25 and its 200 day moving average is $23.10. Valvoline has a 12-month low of $18.30 and a 12-month high of $24.98.

A number of institutional investors have recently added to or reduced their stakes in VVV. Boston Partners boosted its stake in shares of Valvoline by 344.0% in the second quarter. Boston Partners now owns 9,213,982 shares of the basic materials company’s stock worth $218,556,000 after buying an additional 7,138,800 shares in the last quarter. Evercore Trust Company N.A. bought a new stake in shares of Valvoline during the second quarter worth about $136,610,000. Vanguard Group Inc. boosted its stake in shares of Valvoline by 105.1% in the first quarter. Vanguard Group Inc. now owns 3,793,964 shares of the basic materials company’s stock worth $93,142,000 after buying an additional 1,944,594 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Valvoline by 65.9% in the first quarter. JPMorgan Chase & Co. now owns 2,576,593 shares of the basic materials company’s stock worth $63,255,000 after buying an additional 1,023,423 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Valvoline by 1,631.5% in the second quarter. Bank of New York Mellon Corp now owns 2,288,441 shares of the basic materials company’s stock worth $54,282,000 after buying an additional 2,156,275 shares in the last quarter. 28.34% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Wednesday, August 30th. Valvoline’s dividend payout ratio (DPR) is currently 15.50%.

About Valvoline

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.

Earnings History and Estimates for Valvoline (NYSE:VVV)

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