Equities analysts predict that Valvoline Inc (NYSE:VVV) will announce $601.67 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Valvoline’s earnings. The lowest sales estimate is $594.10 million and the highest is $609.90 million. Valvoline posted sales of $569.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.7%. The firm is scheduled to report its next quarterly earnings report on Wednesday, May 1st.
According to Zacks, analysts expect that Valvoline will report full year sales of $2.43 billion for the current year, with estimates ranging from $2.38 billion to $2.45 billion. For the next financial year, analysts anticipate that the company will post sales of $2.53 billion, with estimates ranging from $2.42 billion to $2.62 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow Valvoline.
Get Valvoline alerts:Valvoline (NYSE:VVV) last released its earnings results on Wednesday, February 6th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.04). The business had revenue of $557.00 million for the quarter, compared to analysts’ expectations of $584.75 million. Valvoline had a negative return on equity of 80.99% and a net margin of 9.97%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS.
Several equities analysts have weighed in on VVV shares. Bank of America cut Valvoline from a “buy” rating to an “underperform” rating and cut their price target for the company from $24.00 to $20.00 in a report on Tuesday, November 6th. Citigroup set a $22.00 price target on Valvoline and gave the company a “buy” rating in a report on Thursday, November 8th. Wolfe Research cut Valvoline from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 7th. ValuEngine upgraded Valvoline from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Finally, Zacks Investment Research cut Valvoline from a “hold” rating to a “sell” rating in a report on Saturday, November 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $23.29.
In other news, insider Anthony R. Puckett sold 2,588 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of $20.32, for a total value of $52,588.16. Following the sale, the insider now owns 3,298 shares of the company’s stock, valued at $67,015.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Craig A. Moughler sold 2,551 shares of Valvoline stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $21.88, for a total transaction of $55,815.88. Following the transaction, the senior vice president now directly owns 27,221 shares of the company’s stock, valued at $595,595.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,277 shares of company stock valued at $195,453. Company insiders own 0.49% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of Valvoline by 1.6% during the 4th quarter. BlackRock Inc. now owns 16,762,617 shares of the basic materials company’s stock worth $324,357,000 after purchasing an additional 263,782 shares during the period. Capital International Investors purchased a new position in shares of Valvoline during the 3rd quarter worth about $208,400,000. FIL Ltd boosted its stake in shares of Valvoline by 4.4% during the 3rd quarter. FIL Ltd now owns 5,999,480 shares of the basic materials company’s stock worth $129,049,000 after purchasing an additional 254,864 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Valvoline by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,773,869 shares of the basic materials company’s stock worth $124,196,000 after purchasing an additional 684,854 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Valvoline by 51.6% during the 3rd quarter. Wells Fargo & Company MN now owns 3,709,001 shares of the basic materials company’s stock worth $79,781,000 after purchasing an additional 1,262,729 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.
NYSE VVV traded up $0.02 during trading on Friday, hitting $19.09. 2,851,080 shares of the stock traded hands, compared to its average volume of 1,589,627. The stock has a market capitalization of $3.56 billion, a PE ratio of 14.80, a P/E/G ratio of 1.35 and a beta of 1.08. Valvoline has a 12-month low of $17.49 and a 12-month high of $24.18.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a $0.106 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday, February 28th. Valvoline’s dividend payout ratio (DPR) is 32.56%.
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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