Valvoline Inc (VVV) Expected to Post Quarterly Sales of $584.11 Million

Wall Street analysts forecast that Valvoline Inc (NYSE:VVV) will announce sales of $584.11 million for the current quarter, Zacks reports. Two analysts have provided estimates for Valvoline’s earnings, with the highest sales estimate coming in at $587.52 million and the lowest estimate coming in at $580.70 million. Valvoline posted sales of $545.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The company is expected to report its next quarterly earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Valvoline will report full-year sales of $2.41 billion for the current financial year, with estimates ranging from $2.32 billion to $2.48 billion. For the next year, analysts forecast that the firm will post sales of $2.54 billion, with estimates ranging from $2.39 billion to $2.70 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Valvoline.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The business had revenue of $594.00 million for the quarter, compared to analyst estimates of $593.80 million. Valvoline had a net margin of 7.26% and a negative return on equity of 95.31%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS.

A number of equities research analysts have issued reports on the stock. Monness Crespi & Hardt cut their price target on shares of Valvoline from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, August 3rd. Citigroup set a $22.00 price target on shares of Valvoline and gave the stock a “buy” rating in a report on Thursday. Wolfe Research lowered shares of Valvoline from an “outperform” rating to a “market perform” rating in a report on Wednesday. JPMorgan Chase & Co. lowered shares of Valvoline from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $22.00 to $20.00 in a report on Friday, September 14th. Finally, Jefferies Financial Group assumed coverage on shares of Valvoline in a report on Wednesday, October 3rd. They issued a “buy” rating and a $27.00 price target on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $24.50.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in shares of Valvoline by 24.7% during the 2nd quarter. Janus Henderson Group PLC now owns 7,330,130 shares of the basic materials company’s stock valued at $158,111,000 after purchasing an additional 1,450,594 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Valvoline by 13.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,773,869 shares of the basic materials company’s stock valued at $124,196,000 after acquiring an additional 684,854 shares during the period. Wells Fargo & Company MN lifted its position in Valvoline by 51.6% during the 3rd quarter. Wells Fargo & Company MN now owns 3,709,001 shares of the basic materials company’s stock valued at $79,781,000 after acquiring an additional 1,262,729 shares during the period. Victory Capital Management Inc. lifted its position in Valvoline by 4.5% during the 2nd quarter. Victory Capital Management Inc. now owns 3,135,970 shares of the basic materials company’s stock valued at $67,643,000 after acquiring an additional 134,770 shares during the period. Finally, Epoch Investment Partners Inc. lifted its position in Valvoline by 33.4% during the 2nd quarter. Epoch Investment Partners Inc. now owns 2,210,031 shares of the basic materials company’s stock valued at $47,670,000 after acquiring an additional 553,718 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Valvoline stock opened at $20.76 on Friday. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.09 and a beta of 0.93. Valvoline has a 12-month low of $17.49 and a 12-month high of $25.63.

About Valvoline

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.

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