Valvoline Inc (NYSE:VVV) – Research analysts at Seaport Global Securities dropped their Q1 2020 earnings per share estimates for shares of Valvoline in a research note issued on Monday, November 11th. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will post earnings of $0.29 per share for the quarter, down from their previous estimate of $0.33. Seaport Global Securities also issued estimates for Valvoline’s Q2 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.39 EPS, FY2020 earnings at $1.41 EPS and FY2021 earnings at $1.62 EPS.
Valvoline (NYSE:VVV) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07. Valvoline had a negative return on equity of 91.40% and a net margin of 8.70%. The business had revenue of $629.00 million during the quarter, compared to analysts’ expectations of $627.04 million. During the same period in the previous year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year.
Shares of Valvoline stock traded down $0.18 during trading on Tuesday, reaching $23.01. 1,308,800 shares of the company were exchanged, compared to its average volume of 1,169,713. Valvoline has a twelve month low of $16.90 and a twelve month high of $23.90. The business has a 50-day moving average price of $21.90 and a 200-day moving average price of $20.54. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 1.73 and a beta of 0.89.
Large investors have recently bought and sold shares of the business. Old North State Trust LLC acquired a new position in Valvoline in the third quarter valued at about $30,000. Doyle Wealth Management acquired a new position in Valvoline in the second quarter valued at about $34,000. Parkside Financial Bank & Trust grew its stake in Valvoline by 50.2% in the second quarter. Parkside Financial Bank & Trust now owns 3,127 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 1,045 shares during the period. AdvisorNet Financial Inc grew its stake in Valvoline by 83.2% in the second quarter. AdvisorNet Financial Inc now owns 4,405 shares of the basic materials company’s stock valued at $86,000 after acquiring an additional 2,000 shares during the period. Finally, Quantamental Technologies LLC acquired a new position in Valvoline in the second quarter valued at about $113,000. 93.85% of the stock is owned by hedge funds and other institutional investors.
In other Valvoline news, SVP Craig A. Moughler sold 1,641 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $22.91, for a total value of $37,595.31. Following the completion of the transaction, the senior vice president now directly owns 25,957 shares of the company’s stock, valued at $594,674.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by insiders.
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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