Analysts expect Valvoline Inc (NYSE:VVV) to report sales of $592.70 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Valvoline’s earnings, with estimates ranging from $585.24 million to $597.66 million. Valvoline reported sales of $547.00 million in the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The company is expected to report its next earnings report on Wednesday, November 14th.
According to Zacks, analysts expect that Valvoline will report full-year sales of $2.28 billion for the current year, with estimates ranging from $2.26 billion to $2.29 billion. For the next financial year, analysts expect that the firm will report sales of $2.41 billion, with estimates ranging from $2.32 billion to $2.48 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Valvoline.
Valvoline (NYSE:VVV) last posted its earnings results on Wednesday, August 1st. The basic materials company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). Valvoline had a net margin of 10.10% and a negative return on equity of 124.61%. The company had revenue of $577.00 million for the quarter, compared to the consensus estimate of $591.49 million. During the same quarter last year, the business earned $0.34 earnings per share. Valvoline’s quarterly revenue was up 8.1% on a year-over-year basis.
VVV has been the topic of several recent research reports. JPMorgan Chase & Co. lowered Valvoline from a “neutral” rating to an “underweight” rating and cut their target price for the company from $22.00 to $20.00 in a report on Friday, September 14th. ValuEngine lowered Valvoline from a “hold” rating to a “sell” rating in a report on Monday, June 11th. Morgan Stanley cut their target price on Valvoline from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 2nd. Seaport Global Securities restated a “hold” rating and set a $25.00 target price on shares of Valvoline in a report on Tuesday, August 7th. Finally, Zacks Investment Research lowered Valvoline from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.14.
In other news, insider Anthony R. Puckett sold 6,132 shares of Valvoline stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $21.72, for a total value of $133,187.04. Following the transaction, the insider now directly owns 5,445 shares in the company, valued at $118,265.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.07% of the company’s stock.
Several institutional investors have recently bought and sold shares of VVV. TLP Group LLC acquired a new stake in Valvoline during the first quarter worth about $208,000. GSA Capital Partners LLP acquired a new stake in Valvoline during the second quarter worth about $245,000. Cullen Frost Bankers Inc. acquired a new stake in Valvoline during the first quarter worth about $248,000. Jane Street Group LLC acquired a new stake in Valvoline during the second quarter worth about $280,000. Finally, BNP Paribas Arbitrage SA grew its position in Valvoline by 110.7% during the second quarter. BNP Paribas Arbitrage SA now owns 17,280 shares of the basic materials company’s stock worth $373,000 after buying an additional 9,079 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.
NYSE VVV opened at $21.51 on Friday. Valvoline has a fifty-two week low of $19.86 and a fifty-two week high of $25.63. The company has a debt-to-equity ratio of -4.27, a quick ratio of 1.40 and a current ratio of 1.86. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.44 and a beta of 0.97.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Friday, August 31st were paid a $0.0745 dividend. The ex-dividend date was Thursday, August 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.39%. Valvoline’s payout ratio is presently 21.58%.
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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