Valvoline Inc. (NYSE:VVV) to Post Q3 2022 Earnings of $0.55 Per Share, Seaport Res Ptn Forecasts

Valvoline Inc. (NYSE:VVVGet Rating) – Analysts at Seaport Res Ptn decreased their Q3 2022 EPS estimates for Valvoline in a research note issued on Tuesday, May 10th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings per share of $0.55 for the quarter, down from their prior estimate of $0.56. Seaport Res Ptn also issued estimates for Valvoline’s Q2 2023 earnings at $0.62 EPS and Q3 2023 earnings at $0.70 EPS.

Several other research analysts have also weighed in on the stock. Citigroup lowered their target price on shares of Valvoline from $40.00 to $35.00 in a research note on Tuesday. StockNews.com assumed coverage on shares of Valvoline in a research note on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Valvoline from a “hold” rating to a “sell” rating in a research note on Saturday, February 12th. Finally, JPMorgan Chase & Co. lowered shares of Valvoline from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $39.00 to $30.00 in a research note on Wednesday, March 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $37.17.

Shares of VVV opened at $27.80 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.36 and a debt-to-equity ratio of 9.95. Valvoline has a 12-month low of $26.69 and a 12-month high of $37.97. The firm has a 50-day moving average price of $30.56 and a 200 day moving average price of $33.16. The firm has a market capitalization of $4.99 billion, a P/E ratio of 12.09 and a beta of 1.31.

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

Several institutional investors have recently made changes to their positions in the company. Hilton Capital Management LLC increased its holdings in shares of Valvoline by 4.8% in the 4th quarter. Hilton Capital Management LLC now owns 7,336 shares of the basic materials company’s stock valued at $274,000 after acquiring an additional 334 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Valvoline by 2.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 17,370 shares of the basic materials company’s stock valued at $548,000 after acquiring an additional 360 shares during the period. TKG Advisors LLC increased its holdings in shares of Valvoline by 2.6% in the 1st quarter. TKG Advisors LLC now owns 14,613 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 377 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of Valvoline by 0.9% in the 4th quarter. Louisiana State Employees Retirement System now owns 46,500 shares of the basic materials company’s stock valued at $1,734,000 after acquiring an additional 400 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Valvoline by 0.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 47,662 shares of the basic materials company’s stock valued at $1,777,000 after acquiring an additional 413 shares during the period. 91.04% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, May 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.80%. Valvoline’s payout ratio is 21.74%.

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.

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Earnings History and Estimates for Valvoline (NYSE:VVV)

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