Valvoline Inc. Forecasted to Earn FY2022 Earnings of $2.12 Per Share (NYSE:VVV)

Valvoline Inc. (NYSE:VVV – Get Rating) – Investment analysts at Seaport Res Ptn dropped their FY2022 earnings estimates for shares of Valvoline in a report released on Wednesday, April 20th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings of $2.12 per share for the year, down from their previous forecast of $2.17.

Other research analysts have also issued research reports about the company. StockNews.com started coverage on Valvoline in a report on Thursday, March 31st. They set a “buy” rating on the stock. JPMorgan Chase & Co. lowered Valvoline from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $39.00 to $30.00 in a research report on Wednesday, March 9th. 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, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $35.67.

Valvoline stock opened at $31.84 on Friday. Valvoline has a 1 year low of $28.15 and a 1 year high of $37.97. The company has a debt-to-equity ratio of 9.95, a quick ratio of 1.36 and a current ratio of 1.85. The company’s fifty day moving average price is $31.31 and its 200 day moving average price is $33.44. The stock has a market capitalization of $5.71 billion, a P/E ratio of 13.84 and a beta of 1.38.

Valvoline (NYSE:VVV – Get Rating) last posted its quarterly earnings results on Tuesday, February 8th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $858.00 million during the quarter, compared to analyst estimates of $826.57 million. Valvoline had a net margin of 13.18% and a return on equity of 536.80%. Valvoline’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period last year, the firm posted $0.41 EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Monday, February 28th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, February 25th. This represents a $0.50 dividend on an annualized basis and a yield of 1.57%. Valvoline’s dividend payout ratio (DPR) is presently 21.74%.

A number of large investors have recently added to or reduced their stakes in the business. Hilton Capital Management LLC lifted its holdings in Valvoline by 4.8% during the 4th quarter. Hilton Capital Management LLC now owns 7,336 shares of the basic materials company’s stock worth $274,000 after buying an additional 334 shares during the last quarter. TKG Advisors LLC lifted its holdings in Valvoline by 2.6% during the 1st quarter. TKG Advisors LLC now owns 14,613 shares of the basic materials company’s stock worth $461,000 after buying an additional 377 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in Valvoline by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the basic materials company’s stock worth $1,734,000 after buying an additional 400 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Valvoline by 0.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 47,662 shares of the basic materials company’s stock worth $1,777,000 after buying an additional 413 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in Valvoline by 1.1% during the 4th quarter. State of Michigan Retirement System now owns 45,832 shares of the basic materials company’s stock worth $1,709,000 after buying an additional 500 shares during the last quarter. 91.65% of the stock is currently owned by institutional investors.

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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