Equities research analysts expect that Valvoline Inc (NYSE:VVV) will post sales of $609.46 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Valvoline’s earnings. The highest sales estimate is $619.80 million and the lowest is $596.96 million. Valvoline reported sales of $577.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The company is scheduled to issue its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Valvoline will report full-year sales of $2.40 billion for the current year, with estimates ranging from $2.39 billion to $2.42 billion. For the next year, analysts forecast that the business will report sales of $2.49 billion, with estimates ranging from $2.42 billion to $2.53 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Valvoline.
Valvoline (NYSE:VVV) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. The company had revenue of $591.00 million during the quarter, compared to analyst estimates of $596.71 million. Valvoline had a net margin of 9.70% and a negative return on equity of 76.15%. Valvoline’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share.
A number of analysts have recently weighed in on VVV shares. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a report on Saturday, January 12th. Buckingham Research started coverage on shares of Valvoline in a report on Friday, March 15th. They set a “neutral” rating and a $20.00 target price for the company. Morgan Stanley set a $19.00 target price on shares of Valvoline and gave the stock a “hold” rating in a report on Thursday, May 2nd. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $24.00 price objective (down from $26.00) on shares of Valvoline in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.13.
In related news, CFO Mary E. Meixelsperger acquired 7,500 shares of the stock in a transaction on Monday, April 15th. The stock was acquired at an average cost of $18.71 per share, for a total transaction of $140,325.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.49% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in Valvoline by 0.8% in the first quarter. Principal Financial Group Inc. now owns 831,790 shares of the basic materials company’s stock worth $15,438,000 after buying an additional 6,227 shares during the period. GAM Holding AG purchased a new position in shares of Valvoline during the first quarter valued at approximately $977,000. MML Investors Services LLC purchased a new position in shares of Valvoline during the first quarter valued at approximately $302,000. Federated Investors Inc. PA lifted its holdings in shares of Valvoline by 90.6% during the first quarter. Federated Investors Inc. PA now owns 133,243 shares of the basic materials company’s stock valued at $2,473,000 after purchasing an additional 63,349 shares during the last quarter. Finally, NumerixS Investment Technologies Inc lifted its holdings in shares of Valvoline by 453.8% during the first quarter. NumerixS Investment Technologies Inc now owns 7,200 shares of the basic materials company’s stock valued at $134,000 after purchasing an additional 5,900 shares during the last quarter. Institutional investors and hedge funds own 99.91% of the company’s stock.
Valvoline stock opened at $18.13 on Friday. The stock has a market cap of $3.42 billion, a PE ratio of 14.05, a PEG ratio of 1.52 and a beta of 0.94. Valvoline has a 1-year low of $16.90 and a 1-year high of $23.16.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a $0.106 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.42 annualized dividend and a yield of 2.34%. Valvoline’s dividend payout ratio (DPR) is presently 32.56%.
Valvoline Company Profile
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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