Valvoline Inc. (NYSE:VVV) – Stock analysts at SunTrust Banks raised their Q1 2018 earnings per share estimates for Valvoline in a report released on Wednesday. SunTrust Banks analyst W. Chappell now forecasts that the basic materials company will post earnings per share of $0.37 for the quarter, up from their previous forecast of $0.34. SunTrust Banks also issued estimates for Valvoline’s Q4 2018 earnings at $0.35 EPS.

VVV has been the subject of a number of other reports. Zacks Investment Research upgraded Valvoline from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Wednesday, June 7th. Deutsche Bank AG restated a “hold” rating and set a $23.00 price objective (up previously from $22.00) on shares of Valvoline in a report on Saturday, June 3rd. Finally, Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Valvoline has an average rating of “Hold” and an average price target of $26.18.

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Valvoline (NYSE:VVV) traded up 0.09% during mid-day trading on Monday, reaching $22.33. The company had a trading volume of 153,000 shares. Valvoline has a one year low of $18.30 and a one year high of $24.98. The firm’s 50-day moving average is $23.25 and its 200-day moving average is $23.10. The firm has a market capitalization of $4.56 billion and a P/E ratio of 19.55.

Valvoline (NYSE:VVV) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. Valvoline had a negative return on equity of 106.06% and a net margin of 13.00%. The business had revenue of $534 million for the quarter, compared to the consensus estimate of $530.57 million. Valvoline’s revenue for the quarter was up 7.0% on a year-over-year basis.

Several large investors have recently added to or reduced their stakes in the stock. City Holding Co. purchased a new stake in Valvoline during the second quarter valued at approximately $128,000. Pacer Advisors Inc. increased its stake in Valvoline by 630.1% in the first quarter. Pacer Advisors Inc. now owns 5,571 shares of the basic materials company’s stock valued at $137,000 after buying an additional 4,808 shares in the last quarter. Legal & General Group Plc increased its stake in Valvoline by 1,210.5% in the first quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock valued at $201,000 after buying an additional 7,578 shares in the last quarter. M&T Bank Corp purchased a new stake in Valvoline during the first quarter valued at approximately $203,000. Finally, Oakbrook Investments LLC purchased a new stake in Valvoline during the second quarter valued at approximately $204,000. Hedge funds and other institutional investors own 28.34% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.049 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.88%. Valvoline’s dividend payout ratio is 15.50%.

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.

Earnings History and Estimates for Valvoline (NYSE:VVV)

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