Jefferies Financial Group Equities Analysts Lower Earnings Estimates for Valvoline Inc. (NYSE:VVV)

Valvoline Inc. (NYSE:VVVGet Rating) – Jefferies Financial Group lowered their Q4 2022 earnings estimates for Valvoline in a report issued on Tuesday, May 10th. Jefferies Financial Group analyst L. Alexander now forecasts that the basic materials company will post earnings of $0.55 per share for the quarter, down from their previous estimate of $0.58.

Valvoline (NYSE:VVVGet Rating) last announced its quarterly earnings results on Monday, May 9th. The basic materials company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $886.00 million for the quarter, compared to analysts’ expectations of $887.10 million. Valvoline had a return on equity of 278.10% and a net margin of 12.85%. The business’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 EPS.

A number of other brokerages have also recently weighed in on VVV. JPMorgan Chase & Co. upgraded Valvoline from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $36.00 in a research report on Thursday. They noted that the move was a valuation call. Zacks Investment Research cut Valvoline from a “hold” rating to a “sell” rating in a research report on Saturday, February 12th. StockNews.com began coverage on Valvoline in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Citigroup lowered their target price on Valvoline from $40.00 to $35.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valvoline presently has a consensus rating of “Buy” and an average price target of $38.17.

Shares of Valvoline stock opened at $28.25 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.36 and a debt-to-equity ratio of 8.24. The business’s 50 day simple moving average is $30.51 and its 200-day simple moving average is $33.13. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 11.87 and a beta of 1.31. Valvoline has a twelve month low of $26.69 and a twelve month high of $37.97.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of 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 acquiring an additional 251,149 shares in the last quarter. Brave Warrior Advisors LLC boosted its position in shares of Valvoline by 0.4% in the third quarter. Brave Warrior Advisors LLC now owns 7,618,013 shares of the basic materials company’s stock worth $237,530,000 after buying an additional 33,116 shares during the period. Invesco Ltd. boosted its position in shares of Valvoline by 33.8% in the third quarter. Invesco Ltd. now owns 5,652,645 shares of the basic materials company’s stock worth $176,249,000 after buying an additional 1,429,120 shares during the period. Boston Partners boosted its position in shares of Valvoline by 3.8% in the first quarter. Boston Partners now owns 5,329,556 shares of the basic materials company’s stock worth $167,916,000 after buying an additional 193,228 shares during the period. Finally, State Street Corp boosted its position in shares of Valvoline by 1.8% in the fourth quarter. State Street Corp now owns 4,830,568 shares of the basic materials company’s stock worth $180,132,000 after buying an additional 86,839 shares during the period. 91.04% of the stock is owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, May 27th. Valvoline’s dividend payout ratio is presently 21.01%.

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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