Valvoline (VVV) Issues Earnings Results

Valvoline (NYSE:VVV) announced its earnings results on Wednesday. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01, Briefing.com reports. The company had revenue of $545.00 million during the quarter, compared to analysts’ expectations of $530.10 million. Valvoline had a net margin of 10.37% and a negative return on equity of 151.17%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. Valvoline updated its FY18 guidance to $1.30-1.38 EPS.

Valvoline (NYSE VVV) traded up $0.15 during trading hours on Friday, hitting $23.11. 568,880 shares of the stock were exchanged, compared to its average volume of 1,437,598. The company has a current ratio of 1.65, a quick ratio of 1.29 and a debt-to-equity ratio of -8.84. The firm has a market capitalization of $4,763.34, a price-to-earnings ratio of 21.08, a PEG ratio of 2.11 and a beta of 0.84. Valvoline has a twelve month low of $20.99 and a twelve month high of $25.63.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.0745 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, February 28th. Valvoline’s dividend payout ratio is presently 27.52%.

A number of research firms have recently weighed in on VVV. Zacks Investment Research raised shares of Valvoline from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Thursday, January 25th. ValuEngine lowered shares of Valvoline from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Longbow Research boosted their price objective on shares of Valvoline from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. SunTrust Banks reissued a “hold” rating and issued a $25.00 price objective on shares of Valvoline in a research report on Friday, November 10th. Finally, Seaport Global Securities lowered shares of Valvoline from a “buy” rating to a “neutral” rating and set a $26.00 price objective for the company. in a research report on Wednesday, November 22nd. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Valvoline presently has an average rating of “Hold” and an average price target of $25.71.

In related news, insider Anthony R. Puckett sold 4,294 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.33, for a total value of $104,473.02. Following the completion of the sale, the insider now directly owns 6,192 shares in the company, valued at $150,651.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Thomas A. Gerrald II sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $24.61, for a total transaction of $93,518.00. Following the completion of the sale, the senior vice president now owns 77 shares of the company’s stock, valued at $1,894.97. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.

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Valvoline Company Profile

Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.

Earnings History for Valvoline (NYSE:VVV)

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