Valvoline (NYSE:VVV) Releases Earnings Results, Meets Expectations

Valvoline (NYSE:VVVGet Rating) announced its quarterly earnings data on Monday. The basic materials company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48, MarketWatch Earnings reports. Valvoline had a net margin of 13.18% and a return on equity of 536.80%. The business had revenue of $886.00 million for the quarter, compared to analyst estimates of $887.10 million. During the same period last year, the business earned $0.46 EPS. The company’s revenue was up 26.4% on a year-over-year basis. Valvoline updated its FY 2022 guidance to $2.07-$2.20 EPS and its FY22 guidance to $2.07-2.20 EPS.

Shares of Valvoline stock opened at $28.79 on Tuesday. 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 current ratio of 1.85 and a quick ratio of 1.36. The stock has a market cap of $5.16 billion, a P/E ratio of 12.52 and a beta of 1.31. The stock’s fifty day simple moving average is $30.74.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.74%. The ex-dividend date is Friday, May 27th. Valvoline’s payout ratio is currently 21.74%.

VVV has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Valvoline from a “hold” rating to a “sell” rating in a report on Saturday, February 12th. JPMorgan Chase & Co. lowered shares of Valvoline from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $39.00 to $30.00 in a research note on Wednesday, March 9th. Finally, assumed coverage on shares of Valvoline in a research note on Thursday, March 31st. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to, Valvoline presently has a consensus rating of “Buy” and an average price target of $37.60.

A number of institutional investors have recently modified their holdings of VVV. Silvercrest Asset Management Group LLC purchased a new stake in shares of Valvoline in the fourth quarter valued at about $220,000. NewEdge Advisors LLC acquired a new position in shares of Valvoline during the fourth quarter worth about $308,000. Marshall Wace LLP acquired a new position in Valvoline during the 4th quarter worth approximately $325,000. LPL Financial LLC raised its stake in shares of Valvoline by 5.1% during the 4th quarter. LPL Financial LLC now owns 12,526 shares of the basic materials company’s stock worth $467,000 after buying an additional 612 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Valvoline by 3.3% during the 3rd quarter. Jane Street Group LLC now owns 28,054 shares of the basic materials company’s stock worth $875,000 after buying an additional 906 shares in the last quarter. 91.04% of the stock is currently owned by institutional investors.

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.

See Also

Earnings History for Valvoline (NYSE:VVV)

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