Valvoline Inc (NYSE:VVV) – Stock analysts at Seaport Global Securities raised their Q2 2018 earnings per share (EPS) estimates for Valvoline in a research note issued to investors on Monday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings of $0.33 per share for the quarter, up from their prior estimate of $0.31. Seaport Global Securities currently has a “Neutral” rating and a $26.00 price target on the stock. Seaport Global Securities also issued estimates for Valvoline’s Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.37 EPS.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of Valvoline from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Morgan Stanley increased their price objective on shares of Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. SunTrust Banks reissued a “hold” rating and set a $25.00 price objective on shares of Valvoline in a report on Friday, November 10th. Longbow Research upped their target price on shares of Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, ValuEngine downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.86.
Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Valvoline had a net margin of 10.37% and a negative return on equity of 148.14%. The firm had revenue of $545.00 million for the quarter, compared to analyst estimates of $530.10 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The company’s revenue was up 11.5% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in the business. Profund Advisors LLC lifted its position in Valvoline by 29.1% during the 4th quarter. Profund Advisors LLC now owns 38,673 shares of the basic materials company’s stock valued at $969,000 after purchasing an additional 8,728 shares during the period. Renaissance Technologies LLC raised its position in shares of Valvoline by 6,818.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,015,073 shares of the basic materials company’s stock valued at $25,438,000 after acquiring an additional 1,000,400 shares during the period. Golden Gate Private Equity Inc. raised its position in shares of Valvoline by 15.7% in the 4th quarter. Golden Gate Private Equity Inc. now owns 153,300 shares of the basic materials company’s stock valued at $3,842,000 after acquiring an additional 20,799 shares during the period. ETRADE Capital Management LLC raised its position in shares of Valvoline by 10.1% in the 4th quarter. ETRADE Capital Management LLC now owns 45,418 shares of the basic materials company’s stock valued at $1,138,000 after acquiring an additional 4,150 shares during the period. Finally, Channing Capital Management LLC raised its position in shares of Valvoline by 9.7% in the 4th quarter. Channing Capital Management LLC now owns 502,983 shares of the basic materials company’s stock valued at $12,604,000 after acquiring an additional 44,545 shares during the period. 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 company’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 directly owns 77 shares in the company, valued at approximately $1,894.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anthony R. Puckett sold 4,294 shares of the company’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 $150,651.36. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.0745 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a yield of 1.27%. Valvoline’s payout ratio is presently 27.52%.
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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