Zacks: Brokerages Anticipate Valvoline Inc (VVV) Will Post Earnings of $0.34 Per Share

Wall Street brokerages expect Valvoline Inc (NYSE:VVV) to post earnings per share of $0.34 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Valvoline’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.33. Valvoline reported earnings of $0.37 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 8.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, April 24th.

According to Zacks, analysts expect that Valvoline will report full year earnings of $1.35 per share for the current year, with EPS estimates ranging from $1.34 to $1.38. For the next year, analysts expect that the company will post earnings of $1.52 per share, with EPS estimates ranging from $1.36 to $1.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Valvoline.

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Valvoline (NYSE:VVV) last issued its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $545.00 million for the quarter, compared to the consensus estimate of $530.10 million. Valvoline had a negative return on equity of 148.14% and a net margin of 10.37%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share.

VVV has been the subject of several recent analyst reports. JPMorgan Chase raised their price target on Valvoline from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Longbow Research raised their price target on Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Zacks Investment Research reissued a “buy” rating and issued a $27.00 price target on shares of Valvoline in a report on Saturday, February 10th. Morgan Stanley lowered their price target on Valvoline from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, February 9th. Finally, Wolfe Research initiated coverage on Valvoline in a report on Wednesday, March 7th. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Valvoline presently has a consensus rating of “Hold” and an average target price of $25.86.

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. acquired a new stake in shares of Valvoline during the fourth quarter worth about $50,196,000. Schroder Investment Management Group lifted its holdings in shares of Valvoline by 44.8% during the fourth quarter. Schroder Investment Management Group now owns 4,459,536 shares of the basic materials company’s stock worth $111,755,000 after purchasing an additional 1,379,119 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Valvoline by 6,818.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,015,073 shares of the basic materials company’s stock worth $25,438,000 after purchasing an additional 1,000,400 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Valvoline by 17.2% during the third quarter. Janus Henderson Group PLC now owns 5,875,735 shares of the basic materials company’s stock worth $137,784,000 after purchasing an additional 860,388 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Valvoline by 125.9% during the third quarter. Wells Fargo & Company MN now owns 1,257,567 shares of the basic materials company’s stock worth $29,491,000 after purchasing an additional 700,783 shares during the period. 95.50% of the stock is owned by institutional investors and hedge funds.

NYSE VVV traded down $0.14 during trading on Friday, hitting $22.09. The company’s stock had a trading volume of 1,635,653 shares, compared to its average volume of 1,519,659. The company has a debt-to-equity ratio of -5.91, a quick ratio of 1.54 and a current ratio of 2.00. The company has a market cap of $4,447.46, a PE ratio of 15.89, a P/E/G ratio of 1.31 and a beta of 1.00. Valvoline has a fifty-two week low of $20.99 and a fifty-two week high of $25.63.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.0745 dividend. This represents a $0.30 annualized dividend and a yield of 1.35%. The ex-dividend date was Wednesday, February 28th. Valvoline’s dividend payout ratio is presently 21.58%.

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Valvoline Company Profile

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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