Valvoline Inc (NYSE:VVV) – Analysts at Jefferies Financial Group lowered their Q2 2019 earnings per share estimates for Valvoline in a research report issued to clients and investors on Monday, February 11th. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will earn $0.33 per share for the quarter, down from their prior estimate of $0.39. Jefferies Financial Group also issued estimates for Valvoline’s Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.38 EPS, FY2019 earnings at $1.35 EPS and FY2020 earnings at $1.50 EPS.
A number of other brokerages have also recently commented on VVV. Bank of America cut Valvoline from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $24.00 to $20.00 in a research report on Tuesday, November 6th. Zacks Investment Research upgraded Valvoline from a “sell” rating to a “hold” rating in a research report on Saturday, January 12th. ValuEngine upgraded Valvoline from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Citigroup set a $22.00 price target on Valvoline and gave the stock a “buy” rating in a research report on Thursday, November 8th. Finally, Wolfe Research cut Valvoline from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Valvoline currently has a consensus rating of “Hold” and an average target price of $23.29.
VVV opened at $18.83 on Tuesday. Valvoline has a fifty-two week low of $17.49 and a fifty-two week high of $24.18. The firm has a market cap of $3.43 billion, a PE ratio of 14.60, a PEG ratio of 1.29 and a beta of 1.08.
Valvoline (NYSE:VVV) last posted its earnings results on Wednesday, February 6th. The basic materials company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Valvoline had a negative return on equity of 80.99% and a net margin of 9.97%. The firm had revenue of $557.00 million for the quarter, compared to analyst estimates of $584.75 million. During the same period in the prior year, the business posted $0.29 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a $0.106 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Thursday, February 28th. Valvoline’s dividend payout ratio is presently 32.56%.
In other Valvoline news, SVP Craig A. Moughler sold 2,551 shares of Valvoline stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $21.88, for a total value of $55,815.88. Following the transaction, the senior vice president now owns 27,221 shares in the company, valued at $595,595.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Julie Marie O’daniel sold 1,466 shares of Valvoline stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $21.00, for a total value of $30,786.00. Following the completion of the transaction, the insider now owns 2,683 shares in the company, valued at approximately $56,343. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,821 shares of company stock worth $206,284. Company insiders own 0.49% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Doyle Wealth Management acquired a new position in shares of Valvoline in the fourth quarter worth approximately $33,000. AdvisorNet Financial Inc lifted its stake in shares of Valvoline by 48,000.0% in the fourth quarter. AdvisorNet Financial Inc now owns 2,405 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 2,400 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Valvoline in the fourth quarter worth approximately $51,000. Advisor Group Inc. lifted its stake in shares of Valvoline by 19.5% in the fourth quarter. Advisor Group Inc. now owns 3,511 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 572 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Valvoline by 1,743.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,471,200 shares of the basic materials company’s stock worth $76,000 after acquiring an additional 1,391,395 shares during the period. Institutional investors own 98.45% of the company’s stock.
Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car, light duty, and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.
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