Valvoline (NYSE:VVV) Releases FY 2022 Earnings Guidance

Valvoline (NYSE:VVVGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $2.07-$2.20 for the period, compared to the consensus EPS 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.

VVV has been the topic of a number of recent research reports. Citigroup cut their price target on shares of Valvoline from $40.00 to $35.00 in a report on Tuesday, May 10th. JPMorgan Chase & Co. upgraded shares of Valvoline from a neutral rating to an overweight rating and lifted their target price for the company from $30.00 to $36.00 in a research report on Thursday, May 12th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Valvoline from a hold rating to a sell rating in a research note on Saturday, February 12th. Finally, initiated coverage on shares of Valvoline in a research note on Thursday, March 31st. They set a buy rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Buy and an average price target of $38.17.

VVV opened at $29.88 on Monday. The company’s 50 day moving average is $30.52 and its 200-day moving average is $32.92. Valvoline has a 1-year low of $26.69 and a 1-year high of $37.97. The company has a current ratio of 1.74, a quick ratio of 1.26 and a debt-to-equity ratio of 8.24. The company has a market cap of $5.32 billion, a P/E ratio of 12.55 and a beta of 1.31.

Valvoline (NYSE:VVVGet Rating) last issued 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 12.85% and a return on equity of 278.10%. The business had revenue of $886.00 million during the quarter, compared to analyst estimates of $887.10 million. During the same quarter last year, the business earned $0.46 EPS. The firm’s quarterly revenue was up 26.4% on a year-over-year basis. On average, equities analysts forecast that Valvoline will post 2.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, May 27th. Valvoline’s payout ratio is currently 21.01%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its position in shares of Valvoline by 147.1% during the first quarter. Geneos Wealth Management Inc. now owns 2,100 shares of the basic materials company’s stock valued at $66,000 after buying an additional 1,250 shares during the period. Covestor Ltd boosted its stake in shares of Valvoline by 63.9% during the first quarter. Covestor Ltd now owns 3,078 shares of the basic materials company’s stock valued at $97,000 after purchasing an additional 1,200 shares during the period. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Valvoline during the first quarter valued at approximately $213,000. Silvercrest Asset Management Group LLC purchased a new stake in shares of Valvoline during the fourth quarter valued at approximately $220,000. Finally, United Capital Financial Advisers LLC bought a new position in shares of Valvoline during the first quarter valued at approximately $237,000. 91.04% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

Earnings History and Estimates for Valvoline (NYSE:VVV)

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