Valvoline (NYSE:VVV) Releases FY20 Earnings Guidance

Valvoline (NYSE:VVV) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.37-1.48 for the period, compared to the Thomson Reuters consensus estimate of $1.45. The company issued revenue guidance of $2.49-2.53 billion, compared to the consensus revenue estimate of $2.50 billion.

Shares of NYSE VVV traded up $0.23 during midday trading on Friday, reaching $23.19. 54,341 shares of the company traded hands, compared to its average volume of 666,347. The firm has a market cap of $4.33 billion, a PE ratio of 16.68, a PEG ratio of 1.62 and a beta of 0.89. The stock’s 50-day simple moving average is $21.79 and its 200-day simple moving average is $20.43. Valvoline has a 12 month low of $16.90 and a 12 month high of $23.90.

Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.07. The company had revenue of $629.00 million during the quarter, compared to analysts’ expectations of $627.04 million. Valvoline had a negative return on equity of 80.89% and a net margin of 9.60%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $0.34 earnings per share. Equities analysts expect that Valvoline will post 1.45 earnings per share for the current fiscal year.

VVV has been the subject of a number of analyst reports. TheStreet raised Valvoline from a d+ rating to a c+ rating in a report on Monday, September 23rd. ValuEngine cut Valvoline from a hold rating to a sell rating in a report on Wednesday. Zacks Investment Research reaffirmed a hold rating on shares of Valvoline in a report on Saturday, October 19th. Finally, Citigroup lifted their price target on Valvoline from $21.00 to $25.00 and gave the company a buy rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $23.20.

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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