Valvoline Inc (NYSE:VVV) – Stock analysts at Seaport Global Securities decreased their Q3 2019 earnings per share (EPS) estimates for shares of Valvoline in a note issued to investors on Tuesday, February 19th. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will post earnings per share of $0.36 for the quarter, down from their prior forecast of $0.37. Seaport Global Securities also issued estimates for Valvoline’s Q4 2019 earnings at $0.37 EPS, FY2019 earnings at $1.36 EPS, Q1 2020 earnings at $0.35 EPS, Q2 2020 earnings at $0.39 EPS and FY2020 earnings at $1.57 EPS.
Valvoline (NYSE:VVV) last issued its earnings results on Wednesday, February 6th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). The company had revenue of $557.00 million during the quarter, compared to analyst estimates of $584.75 million. Valvoline had a negative return on equity of 80.99% and a net margin of 9.97%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share.
Other equities analysts have also recently issued reports about the company. Citigroup set a $22.00 target price on Valvoline and gave the stock a “buy” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded Valvoline from a “sell” rating to a “hold” rating in a report on Saturday, January 12th. ValuEngine upgraded Valvoline from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Wolfe Research downgraded Valvoline from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 7th. Finally, Bank of America downgraded Valvoline from a “buy” rating to an “underperform” rating and lowered their price target for the company from $24.00 to $20.00 in a report on Tuesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $23.29.
Shares of NYSE VVV opened at $19.34 on Wednesday. The firm has a market capitalization of $3.74 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.39 and a beta of 1.08. Valvoline has a 52-week low of $17.49 and a 52-week high of $24.18.
Several hedge funds have recently modified their holdings of VVV. Doyle Wealth Management acquired a new stake in Valvoline during the fourth quarter valued at $33,000. Claybrook Capital LLC acquired a new stake in Valvoline during the fourth quarter valued at $36,000. AdvisorNet Financial Inc boosted its position in Valvoline by 48,000.0% during the fourth quarter. AdvisorNet Financial Inc now owns 2,405 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 2,400 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Valvoline during the fourth quarter valued at $51,000. Finally, Advisor Group Inc. boosted its position in Valvoline by 19.5% during the fourth quarter. Advisor Group Inc. now owns 3,511 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 572 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.
In other Valvoline news, CEO Samuel J. Mitchell purchased 25,000 shares of the stock in a transaction dated Monday, January 14th. The shares were acquired at an average price of $20.78 per share, for a total transaction of $519,500.00. Following the completion of the acquisition, the chief executive officer now owns 167,133 shares of the company’s stock, valued at approximately $3,473,023.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Craig A. Moughler sold 2,551 shares of Valvoline stock in a transaction on Friday, January 18th. The shares were sold at an average price of $21.88, for a total value of $55,815.88. Following the transaction, the senior vice president now owns 27,221 shares in the company, valued at approximately $595,595.48. The disclosure for this sale can be found here. Insiders have sold 5,123 shares of company stock worth $110,934 in the last quarter. 0.49% of the stock is currently owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.106 per share. The ex-dividend date is Thursday, February 28th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.19%. Valvoline’s dividend payout ratio is 32.56%.
Valvoline Company Profile
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.
Read More: Special Dividends
Receive News & Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related companies with MarketBeat.com's FREE daily email newsletter.