Valvoline Inc (NYSE:VVV) – Stock analysts at Seaport Global Securities boosted their Q1 2019 EPS estimates for shares of Valvoline in a note issued to investors on Monday. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will earn $0.36 per share for the quarter, up from their prior forecast of $0.31. Seaport Global Securities currently has a “Neutral” rating and a $26.00 target price on the stock. Seaport Global Securities also issued estimates for Valvoline’s Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.42 EPS and FY2019 earnings at $1.59 EPS.
Valvoline (NYSE:VVV) last released its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. Valvoline had a net margin of 10.37% and a negative return on equity of 148.14%. The business had revenue of $545.00 million for the quarter, compared to analysts’ expectations of $530.10 million. During the same period in the previous year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year.
Valvoline (VVV) traded up $0.06 during trading on Tuesday, reaching $23.50. 1,594,955 shares of the company traded hands, compared to its average volume of 1,591,255. Valvoline has a 1-year low of $20.99 and a 1-year high of $25.63. The stock has a market capitalization of $4,637.52, a PE ratio of 21.49, a PEG ratio of 2.02 and a beta of 0.84. The company has a current ratio of 2.00, a quick ratio of 1.54 and a debt-to-equity ratio of -5.91.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in VVV. Chicago Partners Investment Group LLC boosted its stake in Valvoline by 600.2% in the third quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 5,486 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Valvoline during the 2nd quarter valued at approximately $183,000. Leavell Investment Management Inc. purchased a new stake in shares of Valvoline during the 4th quarter valued at approximately $206,000. HighTower Advisors LLC purchased a new stake in shares of Valvoline during the 2nd quarter valued at approximately $218,000. Finally, Good Life Advisors LLC purchased a new stake in shares of Valvoline during the 4th quarter valued at approximately $241,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.
In other Valvoline 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 value of $93,518.00. Following 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 this hyperlink. 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 completion of the transaction, the insider now owns 6,192 shares in the company, valued at $150,651.36. The disclosure for this sale can be found here. 0.59% of the stock is owned by insiders.
The business also recently announced 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. This represents a $0.30 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Wednesday, February 28th. Valvoline’s payout ratio is 27.52%.
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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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