Valvoline Inc. (NYSE:VVV – Get Rating) – Research analysts at Seaport Res Ptn reduced their Q2 2022 earnings estimates for shares of Valvoline in a research note issued to investors on Wednesday, April 20th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will earn $0.48 per share for the quarter, down from their previous forecast of $0.49. Seaport Res Ptn also issued estimates for Valvoline’s Q3 2022 earnings at $0.56 EPS, Q4 2022 earnings at $0.60 EPS and FY2023 earnings at $2.65 EPS.
Several other brokerages have also recently issued reports on VVV. Zacks Investment Research cut Valvoline from a “hold” rating to a “sell” rating in a research report on Saturday, February 12th. StockNews.com began coverage on Valvoline in a report on Thursday, March 31st. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. cut shares of Valvoline from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $39.00 to $30.00 in a research report on Wednesday, March 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $35.67.
Valvoline (NYSE:VVV – Get Rating) last released its quarterly earnings data on Tuesday, February 8th. The basic materials company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $858.00 million during the quarter, compared to analysts’ expectations of $826.57 million. Valvoline had a net margin of 13.18% and a return on equity of 536.80%. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Monday, February 28th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, February 25th. This represents a $0.50 annualized dividend and a yield of 1.55%. Valvoline’s payout ratio is currently 21.74%.
A number of institutional investors have recently bought and sold shares of VVV. Moors & Cabot Inc. bought a new position in shares of Valvoline in the 3rd quarter valued at $25,000. Sageworth Trust Co of South Dakota acquired a new position in shares of Valvoline in the 4th quarter valued at about $29,000. IronBridge Private Wealth LLC bought a new stake in Valvoline in the 4th quarter valued at about $44,000. Koshinski Asset Management Inc. bought a new stake in Valvoline in the 4th quarter valued at about $56,000. Finally, Missouri Trust & Investment Co bought a new stake in Valvoline during the 4th quarter worth approximately $63,000. Hedge funds and other institutional investors own 91.65% of the company’s stock.
About Valvoline (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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