Brokerages expect Valvoline Inc. (NYSE:VVV) to post sales of $531.98 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Valvoline’s earnings, with the highest sales estimate coming in at $541.31 million and the lowest estimate coming in at $519.10 million. Valvoline reported sales of $494.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The firm is expected to report its next earnings report on Monday, January 1st.

On average, analysts expect that Valvoline will report full year sales of $531.98 million for the current financial year, with estimates ranging from $2.06 billion to $2.08 billion. For the next financial year, analysts forecast that the company will post sales of $2.20 billion per share, with estimates ranging from $2.15 billion to $2.24 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Valvoline.

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

A number of analysts have commented on VVV shares. Deutsche Bank AG reiterated a “hold” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Valvoline in a research report on Saturday, June 3rd. 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. Zacks Investment Research upgraded Valvoline from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, June 7th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Valvoline in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $25.83.

Several institutional investors have recently bought and sold shares of VVV. City Holding Co. bought a new position in shares of Valvoline during the 2nd quarter worth approximately $128,000. Pacer Advisors Inc. lifted its position in shares of Valvoline by 630.1% during the 1st quarter. Pacer Advisors Inc. now owns 5,571 shares of the basic materials company’s stock worth $137,000 after buying an additional 4,808 shares during the period. Macquarie Group Ltd. bought a new position in shares of Valvoline during the 2nd quarter worth approximately $183,000. Legal & General Group Plc lifted its position in shares of Valvoline by 1,210.5% during the 1st quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock worth $201,000 after buying an additional 7,578 shares during the period. Finally, First Allied Advisory Services Inc. bought a new position in shares of Valvoline during the 2nd quarter worth approximately $201,000. Institutional investors and hedge funds own 92.34% of the company’s stock.

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Valvoline (NYSE:VVV) opened at 21.86 on Friday. The firm has a market capitalization of $4.43 billion and a price-to-earnings ratio of 19.14. Valvoline has a 12 month low of $18.30 and a 12 month high of $24.98. The firm has a 50 day moving average price of $22.08 and a 200-day moving average price of $22.87.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.049 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.90%. Valvoline’s dividend payout ratio (DPR) is presently 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.

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Earnings History and Estimates for Valvoline (NYSE:VVV)

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