Analysts forecast that Valvoline Inc. (NYSE:VVV) will report $529.61 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Valvoline’s earnings. The highest sales estimate is $533.30 million and the lowest is $520.60 million. The business is expected to report its next quarterly earnings report on Tuesday, August 1st.
According to Zacks, analysts expect that Valvoline will report full year sales of $529.61 million for the current financial year, with estimates ranging from $2.04 billion to $2.08 billion. For the next year, analysts anticipate that the firm will post sales of $2.17 billion per share, with estimates ranging from $2.13 billion to $2.22 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Valvoline.
Valvoline (NYSE:VVV) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. The firm had revenue of $534 million for the quarter, compared to analysts’ expectations of $530.57 million. The business’s quarterly revenue was up 7.0% compared to the same quarter last year.
A number of research firms recently weighed in on VVV. Zacks Investment Research lowered shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Seaport Global Securities raised shares of Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, June 7th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $23.00 price objective (up from $22.00) on shares of Valvoline in a research report on Saturday, June 3rd. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $26.18.
Valvoline (NYSE:VVV) opened at 22.72 on Wednesday. The company has a market capitalization of $4.65 billion and a P/E ratio of 16.46. The stock’s 50 day moving average is $23.25 and its 200-day moving average is $23.10. Valvoline has a 1-year low of $18.30 and a 1-year high of $24.98.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Wednesday, August 30th.
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Institutional investors have recently modified their holdings of the company. City Holding Co. purchased a new position in shares of Valvoline during the second quarter valued at $128,000. Pacer Advisors Inc. raised its position in shares of Valvoline by 630.1% in the first quarter. Pacer Advisors Inc. now owns 5,571 shares of the basic materials company’s stock valued at $137,000 after buying an additional 4,808 shares during the period. Legal & General Group Plc raised its position in shares of Valvoline by 1,210.5% in the first quarter. Legal & General Group Plc now owns 8,204 shares of the basic materials company’s stock valued at $201,000 after buying an additional 7,578 shares during the period. M&T Bank Corp purchased a new position in shares of Valvoline during the first quarter valued at $203,000. Finally, Oakbrook Investments LLC purchased a new position in shares of Valvoline during the second quarter valued at $204,000. 27.71% of the stock is currently owned by institutional investors and hedge funds.
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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