Zacks: Brokerages Anticipate Valvoline Inc (VVV) Will Post Quarterly Sales of $591.70 Million
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.
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.
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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