Valvoline Inc (NYSE:VVV) – Investment analysts at Seaport Global Securities lifted their Q1 2019 earnings per share estimates for Valvoline in a research report issued on Monday. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will post earnings per share of $0.36 for the quarter, up from their prior estimate of $0.31. Seaport Global Securities currently has a “Neutral” rating and a $26.00 target price on the stock. Seaport Global Securities also issued estimates for Valvoline’s Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.42 EPS and FY2019 earnings at $1.59 EPS.

Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.29 EPS 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 analyst estimates of $530.10 million. Valvoline had a negative return on equity of 148.14% and a net margin of 10.37%. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share.

Other research analysts have also issued reports about the company. Zacks Investment Research lowered Valvoline from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Morgan Stanley lifted their target price on Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. JPMorgan Chase & Co. lifted their target price on Valvoline from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday. Longbow Research lifted their target price on Valvoline from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, December 21st. Finally, ValuEngine lowered Valvoline from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $25.86.

Shares of Valvoline (NYSE VVV) traded up $0.23 on Tuesday, hitting $23.62. The stock had a trading volume of 1,274,233 shares, compared to its average volume of 1,588,823. The firm has a market capitalization of $4,689.54, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.62 and a beta of 0.84. The company has a debt-to-equity ratio of -5.91, a current ratio of 2.00 and a quick ratio of 1.54. Valvoline has a 52 week low of $20.99 and a 52 week high of $25.63.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.0745 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Wednesday, February 28th. Valvoline’s payout ratio is currently 27.52%.

In related news, insider Anthony R. Puckett sold 4,294 shares of Valvoline stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $24.33, for a total value of $104,473.02. Following the transaction, the insider now owns 6,192 shares of the company’s stock, valued at approximately $150,651.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas A. Gerrald II sold 3,800 shares of Valvoline stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $24.61, for a total value of $93,518.00. Following the completion of the transaction, the senior vice president now directly owns 77 shares in the company, valued at approximately $1,894.97. The disclosure for this sale can be found here. 0.59% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System increased its stake in Valvoline by 435.8% in the 2nd quarter. California State Teachers Retirement System now owns 378,815 shares of the basic materials company’s stock worth $8,985,000 after purchasing an additional 308,115 shares in the last quarter. Whalerock Point Partners LLC purchased a new position in Valvoline in the 4th quarter worth about $569,000. Patten Group Inc. increased its stake in Valvoline by 900.3% in the 3rd quarter. Patten Group Inc. now owns 98,831 shares of the basic materials company’s stock worth $1,341,000 after purchasing an additional 88,951 shares in the last quarter. Wells Fargo & Company MN increased its stake in Valvoline by 125.9% in the 3rd 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 in the last quarter. Finally, APG Asset Management N.V. increased its stake in Valvoline by 74.0% in the 4th quarter. APG Asset Management N.V. now owns 1,167,500 shares of the basic materials company’s stock worth $24,365,000 after purchasing an additional 496,400 shares in the last quarter. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

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Valvoline Company Profile

Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.

Earnings History and Estimates for Valvoline (NYSE:VVV)

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