Valvoline Inc (NYSE:VVV) – Equities research analysts at Gabelli cut their FY2020 earnings per share (EPS) estimates for Valvoline in a research report issued to clients and investors on Monday, according to Zacks Investment Research. Gabelli analyst C. Jolly now forecasts that the basic materials company will earn $1.75 per share for the year, down from their prior estimate of $1.77. Gabelli also issued estimates for Valvoline’s FY2021 earnings at $1.95 EPS and FY2022 earnings at $2.15 EPS.
Several other brokerages have also recently issued reports on VVV. Zacks Investment Research raised Valvoline from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Thursday, January 25th. ValuEngine cut Valvoline from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Seaport Global Securities cut Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a research report on Wednesday, November 22nd. Longbow Research lifted their price objective on Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Finally, Wolfe Research assumed coverage on Valvoline in a research report on Wednesday, March 7th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $25.86.
Shares of Valvoline (NYSE:VVV) traded down $0.21 during trading hours on Thursday, reaching $23.06. The company’s stock had a trading volume of 1,500,434 shares, compared to its average volume of 1,498,890. The stock has a market capitalization of $4,719.55, a PE ratio of 21.35, a price-to-earnings-growth ratio of 1.40 and a beta of 1.03. 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 fifty-two week low of $20.99 and a fifty-two week high of $25.63.
Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $545.00 million for the quarter, compared to analysts’ expectations of $530.10 million. Valvoline had a negative return on equity of 148.14% and a net margin of 10.37%. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a dividend of $0.0745 per share. This represents a $0.30 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Wednesday, February 28th. Valvoline’s dividend payout ratio (DPR) is presently 27.52%.
A number of institutional investors and hedge funds have recently modified their holdings of VVV. Crossmark Global Holdings Inc. bought a new stake in Valvoline during the 3rd quarter valued at approximately $453,000. American Century Companies Inc. increased its stake in Valvoline by 63.7% in the 3rd quarter. American Century Companies Inc. now owns 1,191,871 shares of the basic materials company’s stock worth $27,949,000 after acquiring an additional 463,982 shares during the last quarter. Boston Partners increased its stake in Valvoline by 1.5% in the 3rd quarter. Boston Partners now owns 9,347,906 shares of the basic materials company’s stock worth $219,209,000 after acquiring an additional 133,924 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Valvoline by 19.4% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 75,290 shares of the basic materials company’s stock worth $1,766,000 after acquiring an additional 12,234 shares during the last quarter. Finally, Cambiar Investors LLC bought a new stake in Valvoline in the 3rd quarter worth approximately $7,703,000. 98.19% of the stock is currently owned by 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.
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