Valvoline Inc (NYSE:VVV) – Research analysts at Jefferies Financial Group lowered their FY2019 earnings per share (EPS) estimates for Valvoline in a note issued to investors on Tuesday, November 6th. Jefferies Financial Group analyst L. Alexander now anticipates that the basic materials company will post earnings of $1.40 per share for the year, down from their previous forecast of $1.50. Jefferies Financial Group currently has a “Buy” rating and a $27.00 target price on the stock. Jefferies Financial Group also issued estimates for Valvoline’s FY2020 earnings at $1.55 EPS.

Valvoline (NYSE:VVV) last posted its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The firm had revenue of $594.00 million for the quarter, compared to analysts’ expectations of $593.80 million. Valvoline had a negative return on equity of 95.31% and a net margin of 7.26%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS.

Other equities analysts have also recently issued reports about the company. Citigroup set a $22.00 price target on Valvoline and gave the stock a “buy” rating in a report on Thursday. Seaport Global Securities upgraded Valvoline from a “neutral” rating to a “buy” rating in a report on Monday, September 17th. Monness Crespi & Hardt cut their price target on Valvoline from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, August 3rd. Morgan Stanley cut their price target on Valvoline from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, August 2nd. Finally, Zacks Investment Research cut Valvoline from a “buy” rating to a “hold” rating in a report on Saturday, October 13th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $24.50.

Valvoline stock opened at $20.12 on Thursday. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93. Valvoline has a 52-week low of $17.49 and a 52-week high of $25.63.

Institutional investors and hedge funds have recently modified their holdings of the stock. Deprince Race & Zollo Inc. bought a new position in shares of Valvoline in the 2nd quarter worth $22,624,000. Bank of Montreal Can lifted its holdings in shares of Valvoline by 14.4% in the 2nd quarter. Bank of Montreal Can now owns 33,686 shares of the basic materials company’s stock worth $726,000 after purchasing an additional 4,235 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Valvoline by 66.0% in the 2nd quarter. Brown Advisory Inc. now owns 50,890 shares of the basic materials company’s stock worth $1,098,000 after purchasing an additional 20,242 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Valvoline by 24.7% in the 2nd quarter. Janus Henderson Group PLC now owns 7,330,130 shares of the basic materials company’s stock worth $158,111,000 after purchasing an additional 1,450,594 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Valvoline by 2.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 168,406 shares of the basic materials company’s stock worth $3,633,000 after purchasing an additional 4,044 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

About Valvoline

Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. The company offers lubricants for passenger car/light duty and heavy duty; antifreeze/coolants for original equipment manufacturers; functional and maintenance chemicals, such as brake fluids and power steering fluids, as well as specialty coatings for automotive and industrial applications comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.

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Earnings History and Estimates for Valvoline (NYSE:VVV)

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