Valvoline (VVV) Releases FY18 Earnings Guidance

Valvoline (NYSE:VVV) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.26-1.31 for the period, compared to the Thomson Reuters consensus estimate of $1.34. The company issued revenue guidance of $2.10-2.13 billion, compared to the consensus revenue estimate of $2.31 billion.

VVV traded down $1.43 on Thursday, hitting $21.00. 4,642,400 shares of the stock were exchanged, compared to its average volume of 1,524,825. Valvoline has a 12 month low of $19.86 and a 12 month high of $25.63. The company has a quick ratio of 1.45, a current ratio of 1.92 and a debt-to-equity ratio of -5.23. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 1.40 and a beta of 1.09.

Valvoline (NYSE:VVV) last posted its quarterly earnings data on Wednesday, August 1st. The basic materials company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). Valvoline had a negative return on equity of 142.70% and a net margin of 9.93%. The firm had revenue of $577.00 million for the quarter, compared to the consensus estimate of $591.49 million. During the same period in the prior year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. sell-side analysts anticipate that Valvoline will post 1.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 31st will be given a dividend of $0.0745 per share. The ex-dividend date is Thursday, August 30th. This represents a $0.30 annualized dividend and a yield of 1.42%. Valvoline’s dividend payout ratio is 21.58%.

VVV has been the subject of several recent analyst reports. Morgan Stanley cut their price objective on shares of Valvoline from $25.00 to $23.00 and set an equal weight rating for the company in a research report on Thursday. ValuEngine raised shares of Valvoline from a sell rating to a hold rating in a research report on Tuesday, July 10th. Longbow Research cut shares of Valvoline from a buy rating to a neutral rating in a research report on Thursday, April 19th. JPMorgan Chase & Co. raised shares of Valvoline from an underweight rating to a neutral rating and set a $22.00 price objective for the company in a research report on Friday, May 4th. Finally, Zacks Investment Research cut shares of Valvoline from a hold rating to a sell rating in a research report on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $25.50.

In other Valvoline news, insider Anthony R. Puckett sold 6,132 shares of the business’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $21.72, for a total transaction of $133,187.04. Following the completion of the transaction, the insider now owns 5,445 shares of the company’s stock, valued at $118,265.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is currently owned by insiders.

Valvoline Company Profile

Valvoline Inc manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International. 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 comprising rust prevention and sound absorption; and oil and air filters for light-duty vehicles.

See Also: Earnings Per Share

Earnings History and Estimates for Valvoline (NYSE:VVV)

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