Equities analysts expect that Valvoline Inc (NYSE:VVV) will report $531.93 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Valvoline’s earnings, with estimates ranging from $521.30 million to $538.44 million. Valvoline posted sales of $489.00 million during the same quarter last year, which suggests a positive year over year growth rate of 8.8%. The business is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Valvoline will report full-year sales of $531.93 million for the current fiscal year, with estimates ranging from $2.24 billion to $2.26 billion. For the next financial year, analysts expect that the firm will report sales of $2.34 billion per share, with estimates ranging from $2.33 billion to $2.35 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Valvoline.
Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business 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 firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share.
VVV has been the subject of several recent analyst reports. ValuEngine downgraded Valvoline from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded Valvoline from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. SunTrust Banks restated a “hold” rating and set a $25.00 target price on shares of Valvoline in a research note on Friday, November 10th. Longbow Research raised their target price on Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Finally, Seaport Global Securities downgraded Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 target price for the company. in a research note on Wednesday, November 22nd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Valvoline presently has a consensus rating of “Hold” and a consensus target price of $25.88.
In related news, insider Anthony R. Puckett sold 4,294 shares of Valvoline stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $24.33, for a total value of $104,473.02. Following the completion of the transaction, the insider now directly owns 6,192 shares in the company, valued at $150,651.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas A. Gerrald II sold 3,800 shares of Valvoline stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $24.61, for a total value of $93,518.00. Following the completion of the transaction, the senior vice president now owns 77 shares of the company’s stock, valued at $1,894.97. The disclosure for this sale can be found here. 0.07% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Leavell Investment Management Inc. acquired a new position in Valvoline in the fourth quarter worth about $206,000. Chicago Partners Investment Group LLC grew its stake in Valvoline by 600.2% in the third quarter. Chicago Partners Investment Group LLC now owns 6,400 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 5,486 shares in the last quarter. California Public Employees Retirement System grew its stake in Valvoline by 1.6% in the third quarter. California Public Employees Retirement System now owns 374,500 shares of the basic materials company’s stock worth $8,782,000 after purchasing an additional 6,000 shares in the last quarter. Patten Group Inc. grew its stake in Valvoline by 900.3% in the third quarter. Patten Group Inc. now owns 98,831 shares of the basic materials company’s stock worth $1,341,000 after purchasing an additional 88,951 shares in the last quarter. Finally, Zions Bancorporation grew its stake in Valvoline by 70.4% in the third quarter. Zions Bancorporation now owns 11,907 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 4,918 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.
Shares of Valvoline (NYSE VVV) opened at $24.94 on Friday. The company has a debt-to-equity ratio of -8.84, a quick ratio of 1.29 and a current ratio of 1.65. The firm has a market capitalization of $5,030.00 and a PE ratio of 16.74. Valvoline has a 52 week low of $20.99 and a 52 week high of $25.63.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.0745 per share. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase from Valvoline’s previous quarterly dividend of $0.05. This represents a $0.30 annualized dividend and a dividend yield of 1.19%. Valvoline’s dividend payout ratio (DPR) is currently 20.13%.
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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.
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