Valvoline Inc (NYSE:VVV) – Equities researchers at Seaport Global Securities boosted their Q2 2018 earnings per share estimates for Valvoline in a research note issued to investors on Monday. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $0.33 for the quarter, up from their previous 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 Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.37 EPS.

Valvoline (NYSE:VVV) last released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share for the quarter, topping the consensus estimate 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 net margin of 10.37% and a negative return on equity of 148.14%. Valvoline’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS.

VVV has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Valvoline from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Morgan Stanley upped their price target on shares of Valvoline from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Longbow Research upped their price target on shares of Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. JPMorgan Chase & Co. upped their price target on shares of Valvoline from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday. Finally, SunTrust Banks reiterated a “hold” rating and issued a $25.00 price target on shares of Valvoline in a research note on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.86.

Valvoline (NYSE:VVV) opened at $23.62 on Wednesday. The firm has a market cap of $4,689.54, a PE ratio of 21.67, a PEG ratio of 1.62 and a beta of 0.84. Valvoline has a 52 week low of $20.99 and a 52 week high of $25.63. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.0745 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a yield of 1.26%. Valvoline’s dividend payout ratio (DPR) is currently 27.52%.

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

Several large investors have recently made changes to their positions in the business. Amalgamated Bank grew its position in shares of Valvoline by 5.9% during the 4th quarter. Amalgamated Bank now owns 41,299 shares of the basic materials company’s stock worth $1,035,000 after purchasing an additional 2,300 shares in the last quarter. Guggenheim Capital LLC grew its position in shares of Valvoline by 6.1% during the 4th quarter. Guggenheim Capital LLC now owns 47,919 shares of the basic materials company’s stock worth $1,201,000 after purchasing an additional 2,759 shares in the last quarter. Aperio Group LLC grew its position in shares of Valvoline by 4.3% during the 4th quarter. Aperio Group LLC now owns 68,300 shares of the basic materials company’s stock worth $1,712,000 after purchasing an additional 2,829 shares in the last quarter. Brown Advisory Inc. grew its position in shares of Valvoline by 13.8% during the 3rd quarter. Brown Advisory Inc. now owns 24,401 shares of the basic materials company’s stock worth $571,000 after purchasing an additional 2,967 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Valvoline by 1.0% during the 4th quarter. Swiss National Bank now owns 345,165 shares of the basic materials company’s stock worth $8,650,000 after purchasing an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

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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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