Valvoline Inc (VVV) Expected to Post Earnings of $0.34 Per Share

Equities research analysts expect Valvoline Inc (NYSE:VVV) to report earnings of $0.34 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Valvoline’s earnings, with estimates ranging from $0.33 to $0.35. Valvoline reported earnings per share of $0.33 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The company is scheduled to report its next earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Valvoline will report full year earnings of $1.29 per share for the current year, with EPS estimates ranging from $1.28 to $1.30. For the next year, analysts anticipate that the business will post earnings of $1.49 per share, with EPS estimates ranging from $1.42 to $1.56. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Valvoline.

Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, August 1st. The basic materials company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $577.00 million during the quarter, compared to the consensus estimate of $591.49 million. Valvoline had a negative return on equity of 124.61% and a net margin of 10.10%. Valvoline’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share.

VVV has been the topic of a number of research analyst reports. Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating in a research note on Monday, September 17th. Monness Crespi & Hardt reduced their price objective on Valvoline from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, August 3rd. Morgan Stanley reduced their price objective on Valvoline from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 2nd. Zacks Investment Research upgraded Valvoline from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, ValuEngine upgraded Valvoline from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Valvoline currently has an average rating of “Hold” and an average price target of $25.14.

Shares of NYSE VVV opened at $21.59 on Thursday. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97. The company has a debt-to-equity ratio of -4.27, a quick ratio of 1.40 and a current ratio of 1.86. Valvoline has a twelve month low of $19.86 and a twelve month high of $25.63.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Friday, August 31st were given a dividend of $0.0745 per share. The ex-dividend date was Thursday, August 30th. This represents a $0.30 annualized dividend and a dividend yield of 1.38%. Valvoline’s dividend payout ratio (DPR) is presently 21.58%.

In related news, insider Anthony R. Puckett sold 6,132 shares of the stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $21.72, for a total transaction of $133,187.04. Following the completion of the sale, the insider now directly owns 5,445 shares in the company, valued at approximately $118,265.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.59% of the company’s stock.

A number of hedge funds have recently modified their holdings of VVV. FIL Ltd boosted its holdings in Valvoline by 682.9% during the 1st quarter. FIL Ltd now owns 5,809,587 shares of the basic materials company’s stock valued at $128,566,000 after acquiring an additional 5,067,503 shares during the period. Champlain Investment Partners LLC purchased a new stake in Valvoline during the 1st quarter valued at about $41,077,000. Janus Henderson Group PLC boosted its holdings in Valvoline by 24.7% during the 2nd quarter. Janus Henderson Group PLC now owns 7,330,130 shares of the basic materials company’s stock valued at $158,111,000 after acquiring an additional 1,450,594 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in Valvoline during the 2nd quarter valued at about $22,624,000. Finally, Tensile Capital Management LLC boosted its holdings in Valvoline by 56.1% during the 1st quarter. Tensile Capital Management LLC now owns 2,837,622 shares of the basic materials company’s stock valued at $62,797,000 after acquiring an additional 1,020,300 shares during the period. Institutional investors own 98.45% of the company’s stock.

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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Earnings History and Estimates for Valvoline (NYSE:VVV)

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