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.

Several research analysts have commented on the company. ValuEngine downgraded Valvoline from a “hold” rating to a “sell” rating in a research note on Friday, February 7th. Zacks Investment Research cut Valvoline from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. raised Valvoline from an “underweight” rating to a “neutral” rating and raised their price target for the company from $18.00 to $21.00 in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.83.

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.

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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