Valvoline (VVV) Announces Earnings Results, Beats Expectations By $0.01 EPS

Valvoline (NYSE:VVV) announced its earnings results on Wednesday. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01, Briefing.com reports. Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The business had revenue of $545.00 million for the quarter, compared to analyst estimates of $530.10 million. During the same quarter last year, the firm earned $0.35 EPS. Valvoline’s revenue for the quarter was up 11.5% compared to the same quarter last year. Valvoline updated its FY18 guidance to $1.30-1.38 EPS.

Valvoline (NYSE VVV) traded down $0.64 during mid-day trading on Thursday, reaching $22.96. The company’s stock had a trading volume of 3,912,985 shares, compared to its average volume of 1,480,318. The company has a debt-to-equity ratio of -8.84, a quick ratio of 1.29 and a current ratio of 1.65. The company has a market capitalization of $4,767.37, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. Valvoline has a 12-month low of $20.99 and a 12-month high of $25.63.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.0745 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a yield of 1.30%. Valvoline’s dividend payout ratio is 20.13%.

In other Valvoline news, SVP Thomas A. Gerrald II sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $24.61, for a total value of $93,518.00. Following the completion of the transaction, the senior vice president now directly owns 77 shares in the company, valued at $1,894.97. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anthony R. Puckett sold 4,294 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.33, for a total value of $104,473.02. Following the completion of the transaction, the insider now owns 6,192 shares of the company’s stock, valued at $150,651.36. The disclosure for this sale can be found here. 0.07% of the stock is owned by company insiders.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Valvoline from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Thursday, January 25th. ValuEngine lowered Valvoline from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Seaport Global Securities lowered Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Wednesday, November 22nd. Longbow Research lifted their target price on Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, SunTrust Banks reissued a “hold” rating and issued a $25.00 target price on shares of Valvoline in a research report on Friday, November 10th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.71.

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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.

Earnings History for Valvoline (NYSE:VVV)

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