Valvoline Inc (VVV) Expected to Post Earnings of $0.34 Per Share

Equities research analysts expect Valvoline Inc (NYSE:VVV) to post earnings per share (EPS) of $0.34 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Valvoline’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.35. Valvoline reported earnings per share of $0.33 in the same quarter last year, which suggests a positive year over year growth rate of 3%. The firm is expected to announce its next earnings results after the market closes on Monday, November 5th.

On average, analysts expect that Valvoline will report full-year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.30. For the next year, analysts expect that the firm will post earnings of $1.48 per share, with EPS estimates ranging from $1.42 to $1.56. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Valvoline.

Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). Valvoline had a net margin of 10.10% and a negative return on equity of 124.61%. The firm had revenue of $577.00 million for the quarter, compared to analysts’ expectations of $591.49 million. During the same period last year, the company posted $0.34 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year.

Several analysts recently commented on the stock. ValuEngine downgraded shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Zacks Investment Research downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Saturday, October 13th. Monness Crespi & Hardt cut their price objective on shares of Valvoline from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, August 3rd. Jefferies Financial Group assumed coverage on shares of Valvoline in a research report on Wednesday, October 3rd. They set a “buy” rating and a $27.00 price objective on the stock. Finally, Seaport Global Securities reissued a “hold” rating and set a $25.00 price objective on shares of Valvoline in a research report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $25.38.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Deprince Race & Zollo Inc. bought a new stake in Valvoline during the 2nd quarter worth approximately $22,624,000. Bank of Montreal Can raised its stake in Valvoline by 14.4% during the 2nd quarter. Bank of Montreal Can now owns 33,686 shares of the basic materials company’s stock worth $726,000 after acquiring an additional 4,235 shares during the period. Brown Advisory Inc. raised its stake in Valvoline by 66.0% during the 2nd quarter. Brown Advisory Inc. now owns 50,890 shares of the basic materials company’s stock worth $1,098,000 after acquiring an additional 20,242 shares during the period. Janus Henderson Group PLC raised its stake in Valvoline by 24.7% during 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 acquiring an additional 1,450,594 shares during the period. Finally, Mutual of America Capital Management LLC raised its stake in Valvoline by 2.5% during 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 acquiring an additional 4,044 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

VVV stock traded up $0.16 during trading on Friday, hitting $20.08. 53,036 shares of the stock traded hands, compared to its average volume of 1,413,848. Valvoline has a 1 year low of $19.41 and a 1 year high of $25.63. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 1.08 and a beta of 0.96. The company has a debt-to-equity ratio of -4.27, a quick ratio of 1.40 and a current ratio of 1.86.

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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