Valvoline Inc. (NYSE: VVV) Expected to Post Quarterly Sales of $ 918.42 Million

Equities analysts expect that Valvoline Inc. (NYSE: VVV – Get Rating) will report $ 918.42 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Valvoline’s earnings, with the lowest sales estimate coming in at $ 889.90 million and the highest estimate coming in at $ 940.00 million. Valvoline posted sales of $ 792.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Valvoline will report full year sales of $ 3.62 billion for the current fiscal year, with estimates ranging from $ 3.54 billion to $ 3.67 billion. For the next financial year, analysts expect that the company will report sales of $ 3.95 billion, with estimates ranging from $ 3.72 billion to $ 4.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that provide coverage for Valvoline.

Valvoline (NYSE: VVV – Get Rating) last issued its earnings results on Monday, May 9th. The basic materials company reported $ 0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $ 0.48. Valvoline had a return on equity of 278.10% and a net margin of 12.85%. The business had revenue of $ 886.00 million during the quarter, compared to the consensus estimate of $ 887.10 million. During the same period in the prior year, the business posted $ 0.46 EPS. The company’s revenue for the quarter was up 26.4% on a year-over-year basis.

A number of research firms recently commented on VVV. JPMorgan Chase & Co. raised shares of Valvoline from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $ 30.00 to $ 36.00 in a report on Thursday, May 12th. They noted that the move was a valuation call. Citigroup lowered their price target on Valvoline from $ 40.00 to $ 35.00 in a report on Tuesday, May 10th. initiated coverage on Valvoline in a report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Zacks Investment Research lowered Valvoline from a “hold” rating to a “sell” rating in a report on Saturday, February 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $ 38.17.

Shares of NYSE VVV opened at $ 29.88 on Friday. The company has a debt-to-equity ratio of 8.24, a quick ratio of 1.26 and a current ratio of 1.74. Valvoline has a one year low of $ 26.69 and a one year high of $ 37.97. The firm has a market capitalization of $ 5.32 billion, a P / E ratio of 12.55 and a beta of 1.31. The company’s fifty-day moving average is $ 30.52 and its two-hundred day moving average is $ 32.94.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be issued a $ 0.125 dividend. The ex-dividend date of this dividend is Friday, May 27th. This represents a $ 0.50 dividend on an annualized basis and a dividend yield of 1.67%. Valvoline’s dividend payout ratio (DPR) is 21.01%.

A number of institutional investors have recently bought and sold shares of VVV. The National Bank of Canada FI acquired a new stake in shares of Valvoline during the 4th quarter worth about $ 2,172,000. Parallel Advisors LLC grew its stake in Valvoline by 82.1% in the 4th quarter. Parallel Advisors LLC now owns 14,892 shares of the company’s basic materials stock worth $ 555,000 after acquiring an additional 6,715 shares during the period. Advisor Group Holdings Inc. raised its holdings in Valvoline by 166.4% in the 3rd quarter. Advisor Group Holdings Inc. now owns 34,548 shares of the company’s basic materials stock valued at $ 1,077,000 after acquiring an additional 21,581 shares during the last quarter. Stonnington Group LLC purchased a new position in shares of Valvoline during the 4th quarter worth $ 621,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Valvoline by 15.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,270,124 shares of the company’s basic materials stock worth $ 121,943,000 after purchasing an additional 443,572 shares during the last quarter. Hedge funds and other institutional investors own 91.04% of the company’s stock.

Valvoline Company Profile (Get Rating)

Valvoline Inc manufactures, markets, and supplies, engine and automotive maintenance products and services. It operates through two segments, Retail Services and Global Products. 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; and oil and air filters for light-duty vehicles.

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