Analysts expect Valvoline Inc (NYSE:VVV) to announce $531.93 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Valvoline’s earnings. The lowest sales estimate is $521.30 million and the highest is $538.44 million. Valvoline posted sales of $489.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.8%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Valvoline will report full-year sales of $531.93 million for the current financial year, with estimates ranging from $2.24 billion to $2.26 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.34 billion per share, with estimates ranging from $2.33 billion to $2.35 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Valvoline.
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 Thomson Reuters’ consensus estimate of $0.34 by ($0.01). The firm had revenue of $547.00 million for the quarter, compared to the consensus estimate of $528.14 million. Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. Valvoline’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share.
Several brokerages have weighed in on VVV. ValuEngine cut shares of Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Seaport Global Securities lowered shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research report on Wednesday, November 22nd. Longbow Research upped their target price on shares of Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Finally, SunTrust Banks reiterated a “hold” rating and set a $25.00 target price on shares of Valvoline in a research report on Friday, November 10th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $25.88.
In related news, SVP Thomas A. Gerrald II sold 3,800 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $24.61, for a total value of $93,518.00. Following the transaction, the senior vice president now directly owns 77 shares in the company, valued at $1,894.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony R. Puckett sold 4,294 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.33, for a total transaction of $104,473.02. Following the completion of the transaction, the insider now owns 6,192 shares in the company, valued at $150,651.36. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. lifted its holdings in Valvoline by 23.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,005 shares of the basic materials company’s stock valued at $261,000 after buying an additional 2,105 shares during the period. Brown Advisory Inc. lifted its holdings in Valvoline by 13.8% in the third quarter. Brown Advisory Inc. now owns 24,401 shares of the basic materials company’s stock valued at $571,000 after buying an additional 2,967 shares during the period. Pacer Advisors Inc. lifted its holdings in Valvoline by 11.5% in the third quarter. Pacer Advisors Inc. now owns 41,778 shares of the basic materials company’s stock valued at $980,000 after buying an additional 4,315 shares during the period. M&T Bank Corp lifted its holdings in Valvoline by 55.5% in the second quarter. M&T Bank Corp now owns 12,888 shares of the basic materials company’s stock valued at $306,000 after buying an additional 4,602 shares during the period. Finally, Zions Bancorporation lifted its holdings in Valvoline by 70.4% in the third quarter. Zions Bancorporation now owns 11,907 shares of the basic materials company’s stock valued at $279,000 after buying an additional 4,918 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.
Shares of Valvoline (NYSE VVV) opened at $24.94 on Friday. The company has a debt-to-equity ratio of -8.84, a quick ratio of 1.29 and a current ratio of 1.65. The firm has a market cap of $5,030.00 and a PE ratio of 16.74. Valvoline has a 52 week low of $20.99 and a 52 week high of $25.63.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.0745 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.19%. This is a positive change from Valvoline’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, November 30th. Valvoline’s dividend payout ratio is presently 20.13%.
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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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