Valvoline (NYSE:VVV) Updates FY 2022 Earnings Guidance

Valvoline (NYSE:VVVGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $2.07-$2.20 for the period, compared to the consensus earnings per share estimate of $2.13. The company issued revenue guidance of $3.64 billion-$3.70 billion, compared to the consensus revenue estimate of $3.59 billion.Valvoline also updated its FY22 guidance to $2.07-2.20 EPS.

A number of brokerages recently issued reports on VVV. Zacks Investment Research downgraded Valvoline from a hold rating to a sell rating in a research report on Saturday, February 12th. JPMorgan Chase & Co. cut Valvoline from an overweight rating to a neutral rating and cut their target price for the stock from $39.00 to $30.00 in a research note on Wednesday, March 9th. Finally, StockNews.com began coverage on Valvoline in a research note on Thursday, March 31st. They set a buy rating for the company. One 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’s stock. Based on data from MarketBeat.com, Valvoline currently has a consensus rating of Buy and an average target price of $37.60.

Shares of VVV traded down $1.87 during trading hours on Tuesday, reaching $26.92. The stock had a trading volume of 63,688 shares, compared to its average volume of 1,272,938. Valvoline has a 12 month low of $28.15 and a 12 month high of $37.97. The company has a market cap of $4.83 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 current ratio of 1.85 and a quick ratio of 1.36. The stock has a 50-day moving average price of $30.74.

Valvoline (NYSE:VVVGet Rating) last announced its quarterly earnings results on Monday, May 9th. The basic materials company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Valvoline had a return on equity of 536.80% and a net margin of 13.18%. The company had revenue of $886.00 million during the quarter, compared to analysts’ expectations of $887.10 million. During the same period in the prior year, the company earned $0.46 EPS. Valvoline’s revenue was up 26.4% compared to the same quarter last year. On average, research analysts predict that Valvoline will post 2.09 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, May 27th. Valvoline’s payout ratio is 21.74%.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in Valvoline by 1.6% during the 4th quarter. BlackRock Inc. now owns 16,407,682 shares of the basic materials company’s stock worth $611,839,000 after purchasing an additional 251,149 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Valvoline by 22.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 683,521 shares of the basic materials company’s stock worth $25,489,000 after purchasing an additional 124,433 shares during the last quarter. Morgan Stanley raised its position in Valvoline by 67.3% during the 2nd quarter. Morgan Stanley now owns 236,344 shares of the basic materials company’s stock worth $7,672,000 after purchasing an additional 95,051 shares during the last quarter. Allianz Asset Management GmbH raised its position in Valvoline by 386.6% during the 4th quarter. Allianz Asset Management GmbH now owns 112,563 shares of the basic materials company’s stock worth $4,197,000 after purchasing an additional 89,429 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in Valvoline by 1.7% during the 4th quarter. Stifel Financial Corp now owns 69,754 shares of the basic materials company’s stock worth $2,601,000 after acquiring an additional 1,136 shares during the period. 91.04% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Valvoline (NYSE:VVV)

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