The Valspar Corp (VAL) Expected to Post Earnings of $1.19 Per Share
Equities analysts expect that The Valspar Corp (NYSE:VAL) will post earnings of $1.19 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for The Valspar Corp’s earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $1.13. The Valspar Corp reported earnings per share of $1.22 in the same quarter last year, which would suggest a negative year over year growth rate of 2.5%. The firm is scheduled to issue its next earnings report on Tuesday, May 23rd.
According to Zacks, analysts expect that The Valspar Corp will report full-year earnings of $4.49 per share for the current fiscal year, with EPS estimates ranging from $4.35 to $4.60. For the next year, analysts anticipate that the company will report earnings of $4.98 per share, with EPS estimates ranging from $4.80 to $5.18. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow The Valspar Corp.
The Valspar Corp (NYSE:VAL) last announced its quarterly earnings data on Wednesday, March 8th. The specialty chemicals company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.73 by $0.23. The Valspar Corp had a net margin of 8.42% and a return on equity of 39.26%. The business had revenue of $907.70 million for the quarter, compared to analyst estimates of $893.56 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis.
Several brokerages have commented on VAL. Credit Suisse Group AG reiterated a “hold” rating and issued a $111.00 price target on shares of The Valspar Corp in a research note on Tuesday, March 14th. Zacks Investment Research upgraded shares of The Valspar Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $116.42.
A number of institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its position in shares of The Valspar Corp by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the specialty chemicals company’s stock valued at $2,052,000 after buying an additional 400 shares in the last quarter. Gulf International Bank UK Ltd raised its position in shares of The Valspar Corp by 0.9% in the first quarter. Gulf International Bank UK Ltd now owns 22,600 shares of the specialty chemicals company’s stock worth $2,507,000 after buying an additional 200 shares during the period. Creative Planning raised its position in shares of The Valspar Corp by 3.6% in the first quarter. Creative Planning now owns 4,859 shares of the specialty chemicals company’s stock worth $539,000 after buying an additional 170 shares during the period. Macquarie Group Ltd. acquired a new position in shares of The Valspar Corp during the fourth quarter worth about $435,000. Finally, Highbridge Capital Management LLC raised its position in shares of The Valspar Corp by 9.6% in the fourth quarter. Highbridge Capital Management LLC now owns 272,496 shares of the specialty chemicals company’s stock worth $28,233,000 after buying an additional 23,968 shares during the period. Institutional investors own 69.60% of the company’s stock.
Shares of The Valspar Corp (NYSE:VAL) traded up 0.03% during mid-day trading on Thursday, reaching $112.40. 513,566 shares of the company’s stock traded hands. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 26.72 and a beta of 1.63. The firm’s 50-day moving average is $111.37 and its 200 day moving average is $106.84. The Valspar Corp has a one year low of $97.62 and a one year high of $112.50.
The Valspar Corp Company Profile
The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products. The Company operates through two segments: Coatings and Paints. The Coatings segment includes its industrial product lines and packaging product line. The Company offers decorative and protective coatings for metal, wood and plastic primarily for sale to original equipment manufacturing (OEM) customers in Africa, Asia, Australia, Europe, North America and South America.
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