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.
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
Receive News & Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related companies with MarketBeat.com's FREE daily email newsletter.