Equities analysts expect Valvoline Inc (NYSE:VVV) to post $620.78 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Valvoline’s earnings. The lowest sales estimate is $617.50 million and the highest is $626.25 million. Valvoline reported sales of $591.00 million in the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The company is expected to announce its next quarterly earnings report on Wednesday, May 6th.
On average, analysts expect that Valvoline will report full-year sales of $2.51 billion for the current financial year, with estimates ranging from $2.49 billion to $2.53 billion. For the next year, analysts forecast that the company will post sales of $2.62 billion, with estimates ranging from $2.60 billion to $2.65 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Valvoline.
Valvoline (NYSE:VVV) last released its earnings results on Monday, February 3rd. The basic materials company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. Valvoline had a net margin of 9.34% and a negative return on equity of 110.76%. The business had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $581.85 million. During the same period last year, the business earned $0.27 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis.
Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised Valvoline from an “underweight” rating to a “neutral” rating and raised their price target for the company from $18.00 to $21.00 in a report on Wednesday, February 5th. ValuEngine downgraded Valvoline from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, Zacks Investment Research downgraded Valvoline from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Valvoline has an average rating of “Hold” and a consensus price target of $22.83.
In other news, SVP Frances E. Lockwood sold 2,500 shares of Valvoline stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $23.00, for a total transaction of $57,500.00. Following the completion of the sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at $797,617. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. First Quadrant L P CA acquired a new position in Valvoline in the fourth quarter valued at about $32,000. Advisory Services Network LLC raised its stake in Valvoline by 105.2% in the fourth quarter. Advisory Services Network LLC now owns 1,744 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 894 shares in the last quarter. Chevy Chase Trust Holdings Inc. acquired a new position in Valvoline in the fourth quarter valued at about $39,000. Savior LLC bought a new position in Valvoline in the fourth quarter valued at about $48,000. Finally, Ancora Advisors LLC bought a new position in Valvoline in the fourth quarter valued at about $75,000. 91.85% of the stock is owned by institutional investors and hedge funds.
Valvoline stock traded down $0.02 during mid-day trading on Friday, hitting $21.90. 1,059,500 shares of the company’s stock traded hands, compared to its average volume of 1,445,361. The firm has a 50 day simple moving average of $21.44 and a two-hundred day simple moving average of $21.92. Valvoline has a fifty-two week low of $16.90 and a fifty-two week high of $23.90. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.55 and a beta of 0.88.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.113 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, February 27th. Valvoline’s dividend payout ratio is currently 32.37%.
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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