Wall Street analysts expect Valvoline Inc (NYSE:VVV) to post sales of $611.40 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Valvoline’s earnings. The lowest sales estimate is $602.70 million and the highest is $619.80 million. Valvoline reported sales of $577.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 6%. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 7th.
On average, analysts expect that Valvoline will report full year sales of $2.40 billion for the current year, with estimates ranging from $2.37 billion to $2.42 billion. For the next financial year, analysts anticipate that the business will report sales of $2.50 billion, with estimates ranging from $2.46 billion to $2.53 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Valvoline.
Valvoline (NYSE:VVV) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. Valvoline had a negative return on equity of 76.15% and a net margin of 9.70%. The company had revenue of $591.00 million for the quarter, compared to the consensus estimate of $596.71 million. During the same quarter in the previous year, the business earned $0.34 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year.
VVV opened at $18.94 on Wednesday. Valvoline has a one year low of $16.90 and a one year high of $23.16. The stock has a fifty day moving average price of $18.30. The company has a market cap of $3.58 billion, a P/E ratio of 14.68, a PEG ratio of 1.58 and a beta of 0.89.
The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were given a dividend of $0.106 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, May 30th. Valvoline’s dividend payout ratio (DPR) is presently 32.56%.
In related news, CFO Mary E. Meixelsperger bought 7,500 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of $18.71 per share, with a total value of $140,325.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP raised its stake in Valvoline by 1,360.3% during the fourth quarter. First Trust Advisors LP now owns 321,767 shares of the basic materials company’s stock valued at $6,226,000 after purchasing an additional 299,733 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Valvoline by 4.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 44,768 shares of the basic materials company’s stock valued at $867,000 after purchasing an additional 2,051 shares in the last quarter. Doyle Wealth Management purchased a new stake in Valvoline during the fourth quarter valued at $33,000. BlackRock Inc. raised its stake in Valvoline by 1.6% during the fourth quarter. BlackRock Inc. now owns 16,762,617 shares of the basic materials company’s stock valued at $324,357,000 after purchasing an additional 263,782 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its stake in Valvoline by 48,000.0% during the fourth quarter. AdvisorNet Financial Inc now owns 2,405 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 2,400 shares in the last quarter. 96.73% of the stock is currently owned by institutional investors.
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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