Analysts expect Valvoline Inc. (NYSE:VVV) to post $531.93 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Valvoline’s earnings, with the lowest sales estimate coming in at $521.30 million and the highest estimate coming in at $538.44 million. Valvoline posted sales of $489.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.8%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Valvoline will report full year sales of $531.93 million for the current financial year, with estimates ranging from $2.24 billion to $2.26 billion. For the next year, analysts anticipate that the firm will post sales of $2.34 billion per share, with estimates ranging from $2.33 billion to $2.35 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Valvoline.

Valvoline (NYSE:VVV) last issued its earnings results on Wednesday, November 8th. The basic materials company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $547.00 million during the quarter, compared to analysts’ expectations of $528.14 million. Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. Valvoline’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS.

A number of equities analysts recently commented on VVV shares. Zacks Investment Research upgraded shares of Valvoline from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Saturday, October 21st. Morgan Stanley boosted their price objective on shares of Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. SunTrust Banks restated a “hold” rating and issued a $25.00 price objective on shares of Valvoline in a research report on Friday, November 10th. ValuEngine cut shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Seaport Global Securities cut shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Valvoline currently has a consensus rating of “Hold” and a consensus target price of $25.29.

In related news, SVP Thomas A. Gerrald II sold 3,800 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $24.61, for a total transaction of $93,518.00. Following the transaction, the senior vice president now owns 77 shares in the company, valued at $1,894.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anthony R. Puckett sold 4,294 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $24.33, for a total transaction of $104,473.02. Following the transaction, the insider now owns 6,192 shares in the company, valued at approximately $150,651.36. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in VVV. BlackRock Inc. increased its position in shares of Valvoline by 1,119.3% during the second quarter. BlackRock Inc. now owns 16,915,393 shares of the basic materials company’s stock valued at $401,234,000 after buying an additional 15,528,107 shares during the period. Vanguard Group Inc. increased its position in shares of Valvoline by 362.7% during the second quarter. Vanguard Group Inc. now owns 17,555,939 shares of the basic materials company’s stock valued at $416,427,000 after buying an additional 13,761,975 shares during the period. Evercore Trust Company N.A. purchased a new position in shares of Valvoline during the second quarter valued at about $136,610,000. Janus Henderson Group PLC purchased a new position in shares of Valvoline during the second quarter valued at about $118,964,000. Finally, State Street Corp increased its position in shares of Valvoline by 1,123.5% during the second quarter. State Street Corp now owns 5,259,138 shares of the basic materials company’s stock valued at $124,750,000 after buying an additional 4,829,291 shares during the period. Institutional investors own 92.19% of the company’s stock.

Valvoline (VVV) opened at $24.57 on Monday. The company has a market cap of $4,976.11, a price-to-earnings ratio of 17.68, a P/E/G ratio of 2.32 and a beta of 1.62. Valvoline has a 52-week low of $19.97 and a 52-week high of $25.07. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.0745 dividend. This is a boost from Valvoline’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, November 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.21%. Valvoline’s payout ratio is presently 20.13%.

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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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