Equities research analysts predict that Valvoline Inc (NYSE:VVV) will announce sales of $531.39 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Valvoline’s earnings, with estimates ranging from $519.10 million to $541.31 million. Valvoline reported sales of $494.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.6%. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Valvoline will report full-year sales of $531.39 million for the current fiscal year, with estimates ranging from $2.06 billion to $2.08 billion. For the next financial year, analysts expect that the company will post sales of $2.21 billion per share, with estimates ranging from $2.15 billion to $2.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Valvoline.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). The business had revenue of $534.00 million during the quarter, compared to analysts’ expectations of $530.57 million. The firm’s quarterly revenue was up 7.0% on a year-over-year basis.

A number of research firms have issued reports on VVV. Zacks Investment Research cut shares of Valvoline from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Seaport Global Securities upgraded shares of Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, June 7th. J P Morgan Chase & Co restated a “neutral” rating and set a $22.00 price target (up from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. Finally, Deutsche Bank AG restated a “hold” rating and set a $23.00 price target (up from $22.00) on shares of Valvoline in a report on Saturday, June 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Valvoline currently has an average rating of “Hold” and an average target price of $25.55.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VVV. BlackRock Inc. lifted its stake in shares of Valvoline by 1,119.3% in the second quarter. BlackRock Inc. now owns 16,915,393 shares of the basic materials company’s stock valued at $401,234,000 after buying an additional 15,528,107 shares during the period. Vanguard Group Inc. lifted its stake in shares of Valvoline by 362.7% in the second quarter. Vanguard Group Inc. now owns 17,555,939 shares of the basic materials company’s stock valued at $416,427,000 after buying an additional 13,761,975 shares during the period. Boston Partners lifted its stake in shares of Valvoline by 344.0% in the second quarter. Boston Partners now owns 9,213,982 shares of the basic materials company’s stock valued at $218,556,000 after buying an additional 7,138,800 shares during the period. Evercore Trust Company N.A. bought a new stake in shares of Valvoline in the second quarter valued at about $136,610,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Valvoline in the second quarter valued at about $118,964,000. Institutional investors and hedge funds own 92.34% of the company’s stock.

Shares of Valvoline (VVV) opened at 23.26 on Tuesday. The firm’s 50-day moving average price is $22.55 and its 200-day moving average price is $22.55. Valvoline has a 52-week low of $18.30 and a 52-week high of $24.98. The stock has a market cap of $4.71 billion and a P/E ratio of 20.37.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Wednesday, August 30th. Valvoline’s dividend payout ratio (DPR) is 15.50%.

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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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Earnings History and Estimates for Valvoline (NYSE:VVV)

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