Valvoline (NYSE:VVV) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.30-1.38 for the period, compared to the Thomson Reuters consensus estimate of $1.30. The company issued revenue guidance of +10-12% to ~$2.29-2.33 billion, compared to the consensus revenue estimate of $2.25 billion.

Several research firms have recently issued reports on VVV. Zacks Investment Research downgraded Valvoline from a buy rating to a hold rating in a research note on Saturday, February 3rd. Longbow Research upped their price objective on Valvoline from $28.00 to $30.00 and gave the company a buy rating in a research note on Thursday, December 21st. ValuEngine downgraded Valvoline from a buy rating to a hold rating in a research note on Friday, December 1st. Seaport Global Securities downgraded Valvoline from a buy rating to a neutral rating and set a $26.00 price objective for the company. in a research note on Wednesday, November 22nd. Finally, SunTrust Banks reaffirmed a hold rating and issued a $25.00 price objective on shares of Valvoline in a research note on Friday, November 10th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $25.71.

Valvoline (VVV) traded down $0.34 during trading on Thursday, hitting $23.26. The stock had a trading volume of 2,461,240 shares, compared to its average volume of 1,425,471. Valvoline has a one year low of $20.99 and a one year high of $25.63. 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 capitalization of $4,767.37, a P/E ratio of 15.84, a P/E/G ratio of 2.12 and a beta of 0.84.

Valvoline (NYSE:VVV) last released its earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The firm had revenue of $547.00 million for 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 business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. equities research analysts predict that Valvoline will post 1.3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.0745 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Wednesday, February 28th. Valvoline’s dividend payout ratio is presently 20.13%.

In other Valvoline news, SVP Thomas A. Gerrald II sold 3,800 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $24.61, for a total transaction of $93,518.00. Following the completion of the sale, the senior vice president now owns 77 shares of the company’s stock, valued at approximately $1,894.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony R. Puckett sold 4,294 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.33, for a total transaction of $104,473.02. Following the sale, the insider now directly owns 6,192 shares of the company’s stock, valued at approximately $150,651.36. The disclosure for this sale can be found here. Corporate insiders own 0.07% of the company’s stock.

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About Valvoline

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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