Q4 2022 Earnings Estimate for Valvoline Inc. (NYSE:VVV) Issued By Jefferies Financial Group

Valvoline Inc. (NYSE:VVV – Get Rating) – Equities research analysts at Jefferies Financial Group dropped their Q4 2022 earnings estimates for shares of Valvoline in a report issued on Tuesday, May 10th. Jefferies Financial Group analyst L. Alexander now forecasts that the basic materials company will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.58.

Valvoline (NYSE:VVV – Get Rating) last announced its quarterly earnings results on Monday, May 9th. The basic materials company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $887.10 million. Valvoline had a net margin of 12.85% and a return on equity of 278.10%. The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Several other brokerages have also recently weighed in on VVV. StockNews.com started coverage on shares of Valvoline in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Citigroup decreased their target price on shares of Valvoline from $40.00 to $35.00 in a research report on Tuesday. Zacks Investment Research cut shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Saturday, February 12th. Finally, JPMorgan Chase & Co. raised shares of Valvoline from a “neutral” rating to an “overweight” rating and upped their target price for the company from $30.00 to $36.00 in a research report on Thursday. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $38.17.

Shares of VVV stock opened at $29.17 on Friday. The company’s 50-day moving average price is $30.52 and its 200-day moving average price is $33.09. The company has a current ratio of 1.74, a quick ratio of 1.36 and a debt-to-equity ratio of 8.24. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 12.26 and a beta of 1.31. Valvoline has a twelve month low of $26.69 and a twelve month high of $37.97.

Several institutional investors and hedge funds have recently modified their holdings of VVV. Norges Bank acquired a new stake in shares of Valvoline during the fourth quarter worth about $61,299,000. Invesco Ltd. increased its stake in shares of Valvoline by 33.8% during the third quarter. Invesco Ltd. now owns 5,652,645 shares of the basic materials company’s stock worth $176,249,000 after buying an additional 1,429,120 shares during the period. Jana Partners LLC purchased a new stake in shares of Valvoline during the third quarter worth approximately $39,767,000. Leeward Investments LLC MA purchased a new stake in shares of Valvoline during the first quarter worth approximately $24,781,000. Finally, BlackRock Inc. increased its stake in shares of Valvoline by 4.8% during the third quarter. BlackRock Inc. now owns 16,156,533 shares of the basic materials company’s stock worth $503,763,000 after buying an additional 734,477 shares during the period. 91.04% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 27th. This represents a $0.50 annualized dividend and a dividend yield of 1.71%. Valvoline’s dividend payout ratio is presently 21.01%.

Valvoline Company Profile (Get Rating)

Valvoline Inc manufactures, markets, and supplies, engine and automotive maintenance products and services. It operates through two segments, Retail Services and Global Products. 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; and oil and air filters for light-duty vehicles.

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