August 15, 2022

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FY2023 EPS Estimates for Valvoline Inc. Lifted by Analyst (NYSE:VVV)

Valvoline Inc. (NYSE:VVV – Get Rating) – Analysts at Seaport Res Ptn lifted their FY2023 EPS estimates for shares of Valvoline in a report issued on Tuesday, May 10th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will post earnings of $2.66 per share for the year, up from their previous forecast of $2.65.

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

Shares of Valvoline stock traded up $0.21 during trading on Friday, reaching $28.46. 3,783 shares of the company were exchanged, compared to its average volume of 1,118,415. Valvoline has a twelve month low of $26.69 and a twelve month high of $37.97. The company has a quick ratio of 1.36, a current ratio of 1.74 and a debt-to-equity ratio of 8.24. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 11.87 and a beta of 1.31. The business has a 50-day moving average price of $30.51 and a 200-day moving average price of $33.13.

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Valvoline (NYSE:VVV – Get Rating) last released its earnings results 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 return on equity of 278.10% and a net margin of 12.85%. The firm had revenue of $886.00 million for the quarter, compared to analyst estimates of $887.10 million. During the same quarter last year, the firm posted $0.46 EPS. The company’s revenue was up 26.4% on a year-over-year basis.

A number of large investors have recently bought and sold shares of VVV. BlackRock Inc. increased its position in shares of Valvoline by 1.6% in the 4th quarter. BlackRock Inc. now owns 16,407,682 shares of the basic materials company’s stock valued at $611,839,000 after purchasing an additional 251,149 shares during the last quarter. Brave Warrior Advisors LLC increased its holdings in Valvoline by 0.4% during the 3rd quarter. Brave Warrior Advisors LLC now owns 7,618,013 shares of the basic materials company’s stock valued at $237,530,000 after acquiring an additional 33,116 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Valvoline by 33.8% during 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 in the last quarter. Boston Partners grew its holdings in Valvoline by 3.8% in the first quarter. Boston Partners now owns 5,329,556 shares of the basic materials company’s stock valued at $167,916,000 after purchasing an additional 193,228 shares during the period. Finally, State Street Corp raised its holdings in Valvoline by 1.8% in the fourth quarter. State Street Corp now owns 4,830,568 shares of the basic materials company’s stock valued at $180,132,000 after acquiring an additional 86,839 shares in the last quarter. Institutional investors own 91.04% of the company’s stock.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be given a dividend of $0.125 per share. The ex-dividend date is Friday, May 27th. This represents a $0.50 dividend on an annualized basis and a yield of 1.76%. Valvoline’s dividend payout ratio is presently 21.01%.

Valvoline Company Profile (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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