Wall Street analysts expect Valvoline Inc (NYSE:VVV) to report earnings of $0.36 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Valvoline’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.38. The business is expected to issue its next quarterly earnings report on Tuesday, April 25th.
According to Zacks, analysts expect that Valvoline will report full-year earnings of $1.38 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.45. For the next financial year, analysts forecast that the firm will report earnings of $1.46 per share, with EPS estimates ranging from $1.35 to $1.55. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Valvoline.
Valvoline (NYSE:VVV) last released its quarterly earnings data on Tuesday, April 25th. The basic materials company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.03. The company had revenue of $514 million for the quarter, compared to the consensus estimate of $501.04 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year.
Several research analysts have commented on VVV shares. Zacks Investment Research downgraded Valvoline from a “buy” rating to a “hold” rating in a research note on Wednesday, January 18th. Seaport Global Securities cut Valvoline from a “buy” rating to a “neutral” rating and set a $25.00 price target on the stock. in a report on Tuesday, January 31st. Finally, Monness Crespi & Hardt raised their price target on Valvoline from $26.00 to $28.00 and gave the company a “buy” rating in a report on Monday, January 30th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $26.00.
Valvoline (NYSE:VVV) traded down 0.13% during trading on Tuesday, reaching $22.25. 620,654 shares of the company’s stock were exchanged. Valvoline has a 12 month low of $18.30 and a 12 month high of $24.98. The firm’s 50-day moving average price is $23.50 and its 200-day moving average price is $22.18. The firm has a market cap of $4.56 billion and a price-to-earnings ratio of 16.12.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a $0.049 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.88%.
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In other Valvoline news, Director Stephen F. Kirk purchased 6,900 shares of the stock in a transaction on Monday, February 6th. The shares were purchased at an average price of $23.06 per share, with a total value of $159,114.00. Following the acquisition, the director now directly owns 11,837 shares in the company, valued at approximately $272,961.22. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.07% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in VVV. Westwood Holdings Group Inc. boosted its stake in Valvoline by 118.8% in the fourth quarter. Westwood Holdings Group Inc. now owns 9,190 shares of the basic materials company’s stock valued at $198,000 after buying an additional 4,990 shares during the last quarter. Gabelli Funds LLC boosted its stake in Valvoline by 78.8% in the fourth quarter. Gabelli Funds LLC now owns 15,200 shares of the basic materials company’s stock valued at $327,000 after buying an additional 6,700 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Valvoline during the fourth quarter valued at $331,000. JBF Capital Inc. acquired a new stake in Valvoline during the third quarter valued at $512,000. Finally, SG Americas Securities LLC acquired a new stake in Valvoline during the third quarter valued at $638,000. 18.50% of the stock is currently owned by hedge funds and other institutional investors.
Valvoline Company Profile
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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