Valvoline Inc (NYSE:VVV) – Seaport Global Securities cut their Q3 2019 earnings per share estimates for Valvoline in a report issued on Thursday, May 2nd, according to Zacks Investment Research. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will earn $0.33 per share for the quarter, down from their previous forecast of $0.35. Seaport Global Securities also issued estimates for Valvoline’s Q4 2019 earnings at $0.36 EPS, FY2019 earnings at $1.31 EPS, Q1 2020 earnings at $0.33 EPS, Q3 2020 earnings at $0.40 EPS, Q4 2020 earnings at $0.41 EPS and FY2020 earnings at $1.54 EPS.
VVV has been the subject of a number of other reports. Morgan Stanley set a $19.00 price objective on Valvoline and gave the stock a “hold” rating in a report on Thursday, May 2nd. Zacks Investment Research lowered Valvoline from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Monness Crespi & Hardt reissued a “buy” rating and set a $24.00 price objective (down from $26.00) on shares of Valvoline in a report on Friday, May 3rd. Finally, Buckingham Research began coverage on Valvoline in a report on Friday, March 15th. They set a “neutral” rating and a $20.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $22.13.
VVV traded up $0.26 during midday trading on Monday, reaching $17.96. 604,765 shares of the company were exchanged, compared to its average volume of 1,396,206. The firm has a market capitalization of $3.36 billion, a P/E ratio of 13.92, a P/E/G ratio of 1.49 and a beta of 0.94. Valvoline has a one year low of $16.90 and a one year high of $23.16.
Valvoline (NYSE:VVV) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Valvoline had a negative return on equity of 76.15% and a net margin of 9.70%. The business had revenue of $591.00 million during the quarter, compared to analyst estimates of $596.71 million. During the same period in the previous year, the company posted $0.34 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in VVV. Quadrant Capital Group LLC grew its holdings in shares of Valvoline by 958.3% in the first quarter. Quadrant Capital Group LLC now owns 1,524 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 1,380 shares in the last quarter. Doyle Wealth Management bought a new position in shares of Valvoline in the fourth quarter valued at approximately $33,000. Claybrook Capital LLC bought a new position in shares of Valvoline in the fourth quarter valued at approximately $36,000. AdvisorNet Financial Inc grew its holdings in shares of Valvoline by 48,000.0% in the fourth quarter. AdvisorNet Financial Inc now owns 2,405 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 2,400 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Valvoline in the fourth quarter valued at approximately $51,000. 99.96% of the stock is owned by institutional investors.
In other Valvoline news, CFO Mary E. Meixelsperger bought 7,500 shares of Valvoline stock in a transaction dated Monday, April 15th. The stock was bought at an average cost of $18.71 per share, with a total value of $140,325.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.106 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Thursday, May 30th. Valvoline’s dividend payout ratio is currently 32.56%.
About Valvoline
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.