Analysts expect Valvoline Inc. (NYSE:VVV) to announce earnings per share of $0.34 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Valvoline’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.33. Valvoline posted earnings per share of $0.29 in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.2%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Valvoline will report full-year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.38 to $1.40. For the next year, analysts forecast that the business will post earnings of $1.47 per share, with EPS estimates ranging from $1.41 to $1.50. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Valvoline.

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

VVV has been the subject of a number of research analyst reports. Zacks Investment Research raised Valvoline from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, April 28th. Deutsche Bank AG restated a “hold” rating and set a $23.00 price objective (up previously from $22.00) on shares of Valvoline in a research report on Saturday, June 3rd. Finally, Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.83.

Shares of Valvoline (NYSE:VVV) traded down 1.24% during mid-day trading on Friday, reaching $21.58. The company’s stock had a trading volume of 660,837 shares. Valvoline has a 52-week low of $18.30 and a 52-week high of $24.98. The firm has a 50 day moving average price of $22.73 and a 200 day moving average price of $23.07. The firm has a market cap of $4.37 billion and a price-to-earnings ratio of 18.90.

The business 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 $0.049 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.90%. Valvoline’s dividend payout ratio (DPR) is presently 15.50%.

Large investors have recently added to or reduced their stakes in the stock. City Holding Co. bought a new stake in Valvoline during the second quarter worth approximately $128,000. Pacer Advisors Inc. raised its stake in shares of Valvoline by 630.1% in the first quarter. Pacer Advisors Inc. now owns 5,571 shares of the basic materials company’s stock valued at $137,000 after buying an additional 4,808 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Valvoline during the second quarter valued at approximately $183,000. Legal & General Group Plc raised its stake in shares of Valvoline by 1,210.5% in the first quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock valued at $201,000 after buying an additional 7,578 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of Valvoline during the first quarter valued at approximately $203,000. Hedge funds and other institutional investors own 41.01% of the company’s stock.

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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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Earnings History and Estimates for Valvoline (NYSE:VVV)

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