Brokerages predict that Valvoline Inc (NYSE:VVV) will post $0.29 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Valvoline’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.29. Valvoline reported earnings of $0.27 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 7.4%. The business is expected to report its next earnings results on Wednesday, February 5th.
According to Zacks, analysts expect that Valvoline will report full-year earnings of $1.43 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.47. For the next fiscal year, analysts anticipate that the business will report earnings of $1.56 per share, with EPS estimates ranging from $1.47 to $1.62. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Valvoline.
Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.07. Valvoline had a net margin of 8.70% and a negative return on equity of 91.40%. The business had revenue of $629.00 million for the quarter, compared to analysts’ expectations of $627.04 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis.
In other 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 transaction 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 2,854 shares of company stock valued at $65,730 in the last quarter. Company insiders own 0.49% of the company’s stock.
Large investors have recently modified their holdings of the stock. Capital Fund Management S.A. grew its holdings in Valvoline by 512.9% during the 2nd quarter. Capital Fund Management S.A. now owns 90,100 shares of the basic materials company’s stock worth $1,760,000 after acquiring an additional 75,400 shares in the last quarter. Swiss National Bank grew its stake in shares of Valvoline by 2.1% during the second quarter. Swiss National Bank now owns 350,165 shares of the basic materials company’s stock worth $6,839,000 after purchasing an additional 7,200 shares in the last quarter. GAM Holding AG increased its holdings in Valvoline by 16.9% in the second quarter. GAM Holding AG now owns 61,504 shares of the basic materials company’s stock valued at $1,201,000 after buying an additional 8,879 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Valvoline in the second quarter valued at $1,462,000. Finally, SG Americas Securities LLC raised its stake in Valvoline by 139.9% in the third quarter. SG Americas Securities LLC now owns 167,768 shares of the basic materials company’s stock valued at $3,696,000 after buying an additional 97,825 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
VVV traded down $0.04 during trading hours on Friday, hitting $22.38. 1,191,465 shares of the company’s stock were exchanged, compared to its average volume of 1,138,540. Valvoline has a 12-month low of $16.90 and a 12-month high of $23.90. The firm has a 50 day moving average of $22.40 and a 200 day moving average of $21.09. The firm has a market cap of $4.27 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.58 and a beta of 0.91.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.113 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.45 dividend on an annualized basis and a yield of 2.02%. This is a positive change from Valvoline’s previous quarterly dividend of $0.11. Valvoline’s dividend payout ratio (DPR) is currently 32.37%.
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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