Valvoline Inc. (NYSE:VVV) – Research analysts at Gabelli cut their FY2019 earnings per share estimates for Valvoline in a research note issued on Friday. Gabelli analyst C. Jolly now anticipates that the basic materials company will earn $1.45 per share for the year, down from their prior estimate of $1.55. Gabelli also issued estimates for Valvoline’s FY2020 earnings at $1.60 EPS, FY2021 earnings at $1.80 EPS and FY2022 earnings at $2.00 EPS.

Several other brokerages also recently weighed in on VVV. Zacks Investment Research downgraded Valvoline from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. SunTrust Banks, Inc. reissued a “hold” rating and set a $25.00 price objective on shares of Valvoline in a research note on Friday. J P Morgan Chase & Co reissued a “neutral” rating and set a $22.00 price objective (up from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. Finally, Morgan Stanley boosted their price objective on shares of Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $25.38.

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Shares of Valvoline (NYSE VVV) traded up $0.04 on Monday, reaching $23.08. The company’s stock had a trading volume of 1,682,700 shares, compared to its average volume of 1,323,156. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29. The firm has a market cap of $4,668.48, a P/E ratio of 16.58, a PEG ratio of 2.59 and a beta of 1.62. Valvoline has a 52 week low of $18.72 and a 52 week high of $24.98.

Valvoline (NYSE:VVV) last issued its quarterly earnings results 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 business had revenue of $547.00 million during the quarter, compared to analyst estimates of $528.14 million. Valvoline had a net margin of 14.59% and a negative return on equity of 137.91%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share.

Several hedge funds and other institutional investors have recently made changes to their positions in VVV. Macquarie Group Ltd. purchased a new stake in Valvoline during the 2nd quarter worth $183,000. Legal & General Group Plc boosted its position in Valvoline by 1,210.5% during the 1st quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock worth $201,000 after purchasing an additional 7,578 shares during the period. Oakbrook Investments LLC purchased a new stake in Valvoline during the 2nd quarter worth $204,000. First Allied Advisory Services Inc. purchased a new stake in Valvoline during the 2nd quarter worth $201,000. Finally, Fruth Investment Management purchased a new stake in Valvoline during the 2nd quarter worth $208,000. 92.77% of the stock is owned by institutional investors.

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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