Valvoline (VVV) Scheduled to Post Quarterly Earnings on Tuesday

Valvoline (NYSE:VVV) will be issuing its quarterly earnings data before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Valvoline Trading Down 1.3 %

VVV opened at $42.32 on Monday. The company’s 50 day moving average is $41.37 and its 200-day moving average is $42.03. The company has a market cap of $5.45 billion, a P/E ratio of 34.41 and a beta of 1.46. Valvoline has a 1-year low of $33.86 and a 1-year high of $48.26. The company has a current ratio of 0.73, a quick ratio of 0.62 and a debt-to-equity ratio of 10.57.

Valvoline declared that its Board of Directors has initiated a stock buyback plan on Tuesday, July 30th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the basic materials company to purchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Baird R W raised shares of Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Wells Fargo & Company decreased their price objective on shares of Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Robert W. Baird began coverage on Valvoline in a research note on Thursday, August 15th. They set an “outperform” rating and a $48.00 target price on the stock. Stephens assumed coverage on shares of Valvoline in a research report on Tuesday, October 15th. They set an “overweight” rating and a $49.00 target price for the company. Finally, Royal Bank of Canada reduced their price objective on shares of Valvoline from $54.00 to $48.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Valvoline currently has a consensus rating of “Buy” and an average target price of $47.75.

About Valvoline

Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.