Valvoline Inc. (NYSE:VVV) declared a quarterly dividend on Wednesday, November 15th, Wall Street Journal reports. Investors of record on Friday, December 1st will be paid a dividend of 0.0745 per share by the basic materials company on Friday, December 15th. This represents a $0.30 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, November 30th. This is a positive change from Valvoline’s previous quarterly dividend of $0.05.
Valvoline has a payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Valvoline to earn $1.40 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 14.3%.
Valvoline (VVV) opened at $23.80 on Thursday. Valvoline has a 52-week low of $19.50 and a 52-week high of $24.98. The company has a market cap of $4,713.06, a P/E ratio of 16.73, a PEG ratio of 2.22 and a beta of 1.62. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29.
Valvoline (NYSE:VVV) last announced its earnings results on Wednesday, November 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.01). Valvoline had a negative return on equity of 137.91% and a net margin of 14.59%. The company had revenue of $547.00 million for the quarter, compared to the consensus estimate of $528.14 million. During the same period last year, the firm posted $0.35 EPS. The company’s revenue was up 10.7% compared to the same quarter last year. sell-side analysts forecast that Valvoline will post 1.25 EPS for the current year.
VVV has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Valvoline from a “buy” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks, Inc. reissued a “hold” rating and set a $25.00 price objective on shares of Valvoline in a report on Friday, November 10th. Morgan Stanley boosted their price objective on Valvoline from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $22.00 price objective (up from $20.00) on shares of Valvoline in a report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Valvoline presently has a consensus rating of “Hold” and a consensus target price of $25.38.
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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