Valvoline (NYSE:VVV) Releases FY22 Earnings Guidance

Valvoline (NYSE:VVVGet Rating) issued an update on its FY22 earnings guidance on Monday morning. The company provided EPS guidance of $2.07-2.20 for the period, compared to the consensus EPS estimate of $2.10. The company issued revenue guidance of $3.64-3.70 billion, compared to the consensus revenue estimate of $3.59 billion.Valvoline also updated its FY 2022 guidance to $2.07-$2.20 EPS.

NYSE:VVV traded down $1.75 during mid-day trading on Tuesday, reaching $27.04. The stock had a trading volume of 72,880 shares, compared to its average volume of 1,272,938. The company has a 50 day moving average of $30.74. Valvoline has a fifty-two week low of $28.15 and a fifty-two week high of $37.97. The company has a market cap of $4.85 billion, a PE ratio of 11.99 and a beta of 1.31. The company has a debt-to-equity ratio of 9.95, a quick ratio of 1.36 and a current ratio of 1.85.

Valvoline (NYSE:VVVGet Rating) last released its quarterly earnings data on Monday, May 9th. The basic materials company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. Valvoline had a return on equity of 536.80% and a net margin of 13.18%. The firm had revenue of $886.00 million for the quarter, compared to the consensus estimate of $887.10 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The firm’s revenue was up 26.4% on a year-over-year basis. Research analysts predict that Valvoline will post 2.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, May 27th. This represents a $0.50 annualized dividend and a yield of 1.85%. Valvoline’s dividend payout ratio (DPR) is presently 21.74%.

VVV has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Valvoline from a hold rating to a sell rating in a research note on Saturday, February 12th. JPMorgan Chase & Co. downgraded shares of Valvoline from an overweight rating to a neutral rating and lowered their price objective for the stock from $39.00 to $30.00 in a research note on Wednesday, March 9th. Finally, initiated coverage on shares of Valvoline in a research note on Thursday, March 31st. They issued a buy rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $37.60.

Several hedge funds and other institutional investors have recently modified their holdings of VVV. Morgan Stanley lifted its holdings in shares of Valvoline by 67.3% during the second quarter. Morgan Stanley now owns 236,344 shares of the basic materials company’s stock valued at $7,672,000 after acquiring an additional 95,051 shares during the period. Jane Street Group LLC increased its position in Valvoline by 3.3% in the third quarter. Jane Street Group LLC now owns 28,054 shares of the basic materials company’s stock worth $875,000 after purchasing an additional 906 shares during the period. LPL Financial LLC increased its position in Valvoline by 5.1% in the fourth quarter. LPL Financial LLC now owns 12,526 shares of the basic materials company’s stock worth $467,000 after purchasing an additional 612 shares during the period. Marshall Wace LLP acquired a new stake in Valvoline in the fourth quarter worth about $325,000. Finally, Stifel Financial Corp increased its position in Valvoline by 1.7% in the fourth quarter. Stifel Financial Corp now owns 69,754 shares of the basic materials company’s stock worth $2,601,000 after purchasing an additional 1,136 shares during the period. 91.04% of the stock is 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 and Estimates for Valvoline (NYSE:VVV)

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