Valvoline Inc. (NYSE:VVV) – Investment analysts at SunTrust Banks reduced their Q2 2018 earnings per share (EPS) estimates for shares of Valvoline in a note issued to investors on Thursday. SunTrust Banks analyst W. Chappell now expects that the basic materials company will post earnings of $0.32 per share for the quarter, down from their previous forecast of $0.39. SunTrust Banks has a “Hold” rating and a $25.00 price target on the stock. SunTrust Banks also issued estimates for Valvoline’s Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.33 EPS and FY2018 earnings at $1.24 EPS.
Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The business had revenue of $547.00 million during the quarter, compared to analyst estimates of $528.14 million. During the same quarter last year, the firm earned $0.35 EPS. Valvoline’s revenue for the quarter was up 10.7% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: This article was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2017/11/13/q2-2018-earnings-estimate-for-valvoline-inc-vvv-issued-by-suntrust-banks.html.
Several other brokerages have also recently commented on VVV. Zacks Investment Research cut shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. J P Morgan Chase & Co restated a “neutral” rating and issued a $22.00 target price (up from $20.00) on shares of Valvoline in a research report on Wednesday, August 9th. Finally, Morgan Stanley boosted their target price on shares of Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Valvoline presently has an average rating of “Buy” and a consensus target price of $25.38.
Valvoline (NYSE VVV) opened at $23.04 on Monday. The company has a market cap of $4,668.48, a P/E ratio of 16.58, a PEG ratio of 2.59 and a beta of 1.62. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of -8.84. Valvoline has a 12-month low of $18.31 and a 12-month high of $24.98.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Valvoline by 362.7% in the 2nd quarter. Vanguard Group Inc. now owns 17,555,939 shares of the basic materials company’s stock valued at $416,427,000 after buying an additional 13,761,975 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Valvoline by 1,119.3% during the 2nd quarter. BlackRock Inc. now owns 16,915,393 shares of the basic materials company’s stock valued at $401,234,000 after purchasing an additional 15,528,107 shares during the last quarter. Boston Partners grew its holdings in shares of Valvoline by 1.5% during the 3rd quarter. Boston Partners now owns 9,347,906 shares of the basic materials company’s stock valued at $219,209,000 after purchasing an additional 133,924 shares during the last quarter. Evercore Trust Company N.A. bought a new stake in shares of Valvoline during the 2nd quarter valued at approximately $136,610,000. Finally, State Street Corp grew its holdings in shares of Valvoline by 1,123.5% during the 2nd quarter. State Street Corp now owns 5,259,138 shares of the basic materials company’s stock valued at $124,750,000 after purchasing an additional 4,829,291 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.
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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