Equities analysts expect that Valvoline Inc (NYSE:VVV) will announce sales of $591.70 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Valvoline’s earnings, with the lowest sales estimate coming in at $585.24 million and the highest estimate coming in at $597.66 million. Valvoline posted sales of $547.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The business is scheduled to issue its next earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Valvoline will report full-year sales of $2.28 billion for the current fiscal year, with estimates ranging from $2.26 billion to $2.29 billion. For the next financial year, analysts forecast that the firm will post sales of $2.40 billion per share, with estimates ranging from $2.32 billion to $2.48 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Valvoline.

Valvoline (NYSE:VVV) last issued its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). The business had revenue of $577.00 million for the quarter, compared to analyst estimates of $591.49 million. Valvoline had a negative return on equity of 124.61% and a net margin of 10.10%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS.

VVV has been the topic of several research reports. ValuEngine cut shares of Valvoline from a “hold” rating to a “sell” rating in a research report on Monday, June 11th. Morgan Stanley reduced their price target on shares of Valvoline from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of Valvoline from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Seaport Global Securities reissued a “hold” rating and set a $25.00 price target on shares of Valvoline in a research report on Tuesday, August 7th. Finally, JPMorgan Chase & Co. cut shares of Valvoline from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $22.00 to $20.00 in a research report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.14.

Shares of VVV traded up $0.69 during mid-day trading on Wednesday, hitting $21.41. 3,184,900 shares of the company’s stock were exchanged, compared to its average volume of 1,491,924. The stock has a market capitalization of $4.23 billion, a PE ratio of 15.40, a P/E/G ratio of 1.48 and a beta of 0.97. Valvoline has a fifty-two week low of $19.86 and a fifty-two week high of $25.63. The company has a debt-to-equity ratio of -4.27, a quick ratio of 1.40 and a current ratio of 1.86.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 31st will be issued a $0.0745 dividend. The ex-dividend date is Thursday, August 30th. This represents a $0.30 annualized dividend and a yield of 1.39%. Valvoline’s dividend payout ratio (DPR) is 21.58%.

In related news, insider Anthony R. Puckett sold 6,132 shares of the firm’s stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $21.72, for a total value of $133,187.04. Following the sale, the insider now owns 5,445 shares of the company’s stock, valued at $118,265.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Gabelli Funds LLC raised its holdings in Valvoline by 0.3% in the second quarter. Gabelli Funds LLC now owns 739,980 shares of the basic materials company’s stock valued at $15,961,000 after acquiring an additional 2,455 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in Valvoline by 5.9% in the second quarter. OppenheimerFunds Inc. now owns 49,775 shares of the basic materials company’s stock valued at $1,074,000 after acquiring an additional 2,789 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in Valvoline by 2.5% in the second quarter. Mutual of America Capital Management LLC now owns 168,406 shares of the basic materials company’s stock valued at $3,633,000 after acquiring an additional 4,044 shares in the last quarter. Bank of Montreal Can raised its holdings in Valvoline by 14.4% in the second quarter. Bank of Montreal Can now owns 33,686 shares of the basic materials company’s stock valued at $726,000 after acquiring an additional 4,235 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in Valvoline by 2.6% in the second quarter. CIBC Private Wealth Group LLC now owns 179,792 shares of the basic materials company’s stock valued at $3,878,000 after acquiring an additional 4,588 shares in the last quarter. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

About Valvoline

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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