Brokerages expect Valvoline Inc (NYSE:VVV) to report earnings of $0.22 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Valvoline’s earnings, with estimates ranging from $0.13 to $0.31. Valvoline reported earnings per share of $0.37 during the same quarter last year, which would indicate a negative year over year growth rate of 40.5%. The firm is expected to issue its next earnings results on Wednesday, July 29th.
On average, analysts expect that Valvoline will report full year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.32. For the next fiscal year, analysts anticipate that the business will report earnings of $1.45 per share, with EPS estimates ranging from $1.29 to $1.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Valvoline.
Valvoline (NYSE:VVV) last announced its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. Valvoline had a net margin of 9.39% and a negative return on equity of 120.89%. The firm had revenue of $578.00 million during the quarter, compared to analyst estimates of $589.02 million.
Shares of VVV traded up $0.50 during trading hours on Tuesday, reaching $19.15. 24,903 shares of the stock traded hands, compared to its average volume of 1,612,339. Valvoline has a 52-week low of $9.06 and a 52-week high of $23.90. The company’s 50-day moving average price is $16.33 and its two-hundred day moving average price is $19.00. The company has a market cap of $3.40 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 5.66 and a beta of 1.50.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.113 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $0.45 annualized dividend and a yield of 2.36%. Valvoline’s dividend payout ratio (DPR) is currently 32.37%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. ProShare Advisors LLC grew its position in shares of Valvoline by 2.0% during the 4th quarter. ProShare Advisors LLC now owns 27,045 shares of the basic materials company’s stock worth $579,000 after buying an additional 537 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Valvoline by 5.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 10,458 shares of the basic materials company’s stock worth $224,000 after buying an additional 551 shares during the period. Crabel Capital Management LLC boosted its position in Valvoline by 4.7% during the 4th quarter. Crabel Capital Management LLC now owns 12,458 shares of the basic materials company’s stock valued at $267,000 after acquiring an additional 560 shares in the last quarter. Retirement Systems of Alabama increased its holdings in shares of Valvoline by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 245,324 shares of the basic materials company’s stock valued at $5,252,000 after acquiring an additional 695 shares during the period. Finally, Texas Permanent School Fund increased its holdings in shares of Valvoline by 0.6% in the 4th quarter. Texas Permanent School Fund now owns 128,864 shares of the basic materials company’s stock valued at $2,759,000 after acquiring an additional 775 shares during the period. 91.85% of the stock is owned by institutional investors and hedge funds.
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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