Valvoline Inc (NYSE:VVV) Expected to Post Earnings of $0.36 Per Share
Wall Street brokerages forecast that Valvoline Inc (NYSE:VVV) will post earnings per share (EPS) of $0.36 for the current quarter, according to Zacks. Three analysts have provided estimates for Valvoline’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.39. Valvoline posted earnings of $0.35 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The firm is expected to issue its next quarterly earnings results on Wednesday, May 6th.
On average, analysts expect that Valvoline will report full-year earnings of $1.46 per share for the current year, with EPS estimates ranging from $1.40 to $1.55. For the next financial year, analysts expect that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.45 to $1.65. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Valvoline.
Valvoline (NYSE:VVV) last issued its earnings results on Monday, February 3rd. The basic materials company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. Valvoline had a negative return on equity of 110.76% and a net margin of 9.34%. The business had revenue of $607.00 million during the quarter, compared to the consensus estimate of $581.85 million. During the same quarter last year, the company earned $0.27 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year.
NYSE VVV traded down $0.02 during trading hours on Friday, hitting $21.90. The company had a trading volume of 1,059,500 shares, compared to its average volume of 1,445,361. Valvoline has a 52 week low of $16.90 and a 52 week high of $23.90. The firm has a 50 day simple moving average of $21.44 and a 200 day simple moving average of $21.92. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.55 and a beta of 0.88.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 28th will be issued a $0.113 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.45 annualized dividend and a dividend yield of 2.06%. Valvoline’s payout ratio is currently 32.37%.
In other Valvoline news, SVP Frances E. Lockwood sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $23.00, for a total value of $57,500.00. Following the sale, the senior vice president now owns 34,679 shares of the company’s stock, valued at approximately $797,617. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the business. Old North State Trust LLC purchased a new position in shares of Valvoline during the 3rd quarter valued at about $30,000. First Quadrant L P CA purchased a new position in shares of Valvoline during the 4th quarter valued at about $32,000. Advisory Services Network LLC raised its holdings in shares of Valvoline by 105.2% during the 4th quarter. Advisory Services Network LLC now owns 1,744 shares of the basic materials company’s stock valued at $37,000 after buying an additional 894 shares in the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Valvoline during the 4th quarter valued at about $39,000. Finally, Savior LLC purchased a new position in shares of Valvoline during the 4th quarter valued at about $48,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.
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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