Wall Street brokerages forecast that Valvoline Inc. (NYSE:VVV) will post $811.70 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Valvoline’s earnings, with estimates ranging from $807.80 million to $815.40 million. Valvoline posted sales of $652.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 24.5%. The company is scheduled to announce its next earnings report on Wednesday, October 27th.
On average, analysts expect that Valvoline will report full-year sales of $2.96 billion for the current financial year, with estimates ranging from $2.95 billion to $2.96 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.22 billion, with estimates ranging from $3.04 billion to $3.33 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Valvoline.
Valvoline (NYSE:VVV) last posted its quarterly earnings results on Wednesday, August 4th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.10. The firm had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $752.80 million. Valvoline had a net margin of 13.37% and a negative return on equity of 841.46%. The firm’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share.
In other news, insider Julie Marie O’daniel sold 4,969 shares of the company’s stock in a transaction dated Friday, August 20th. The shares were sold at an average price of $29.81, for a total transaction of $148,125.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of VVV. Neuberger Berman Group LLC raised its stake in shares of Valvoline by 0.4% during the first quarter. Neuberger Berman Group LLC now owns 73,586 shares of the basic materials company’s stock valued at $1,916,000 after purchasing an additional 328 shares in the last quarter. Sowell Financial Services LLC boosted its stake in Valvoline by 1.5% during the first quarter. Sowell Financial Services LLC now owns 21,964 shares of the basic materials company’s stock valued at $701,000 after buying an additional 332 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Valvoline by 1.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,560 shares of the basic materials company’s stock valued at $499,000 after buying an additional 360 shares in the last quarter. Man Group plc boosted its stake in Valvoline by 0.3% during the first quarter. Man Group plc now owns 153,183 shares of the basic materials company’s stock valued at $3,993,000 after buying an additional 451 shares in the last quarter. Finally, Foyston Gordon & Payne Inc lifted its stake in Valvoline by 0.5% during the second quarter. Foyston Gordon & Payne Inc now owns 94,544 shares of the basic materials company’s stock valued at $3,069,000 after purchasing an additional 452 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
VVV opened at $32.15 on Wednesday. The company has a 50-day moving average of $30.78 and a 200-day moving average of $30.45. The company has a market capitalization of $5.81 billion, a P/E ratio of 15.84 and a beta of 1.44. Valvoline has a 1-year low of $18.34 and a 1-year high of $34.65. The company has a debt-to-equity ratio of 73.52, a quick ratio of 1.52 and a current ratio of 2.00.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Monday, August 30th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Friday, August 27th. Valvoline’s payout ratio is 33.78%.
Valvoline, Inc is engaged in producing, marketing and supplying of engine & automotive maintenance products and services. The company operates through three segments: Quick Lubes, Core North America and International. The Quick Lubes segment provides services to passenger car and light truck quick lube market through company-owned and independent franchised retail quick lube service center stores and independent express care stores that service vehicles with valvoline products.
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