Jefferies Financial Group Analysts Lower Earnings Estimates for Valvoline Inc. (NYSE:VVV)

Valvoline Inc. (NYSE:VVVGet Rating) – Equities researchers at Jefferies Financial Group cut their FY2023 earnings estimates for shares of Valvoline in a research report issued on Monday, August 1st. Jefferies Financial Group analyst L. Alexander now expects that the basic materials company will earn $1.55 per share for the year, down from their prior estimate of $2.50. The consensus estimate for Valvoline’s current full-year earnings is $2.08 per share. Jefferies Financial Group also issued estimates for Valvoline’s FY2024 earnings at $1.80 EPS and FY2025 earnings at $2.15 EPS.

Other equities research analysts have also issued research reports about the stock. StockNews.com lowered shares of Valvoline from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup upped their target price on shares of Valvoline from $35.00 to $37.00 in a research note on Wednesday. Finally, JPMorgan Chase & Co. upgraded shares of Valvoline from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $30.00 to $36.00 in a research note on Thursday, May 12th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $38.67.

Valvoline Stock Performance

NYSE:VVV opened at $28.37 on Thursday. The stock has a market cap of $5.06 billion, a P/E ratio of 11.92 and a beta of 1.33. The firm has a 50-day moving average of $30.75 and a two-hundred day moving average of $31.14. The company has a debt-to-equity ratio of 8.24, a current ratio of 1.74 and a quick ratio of 1.26. Valvoline has a 1-year low of $26.69 and a 1-year high of $37.97.

Valvoline (NYSE:VVVGet Rating) last posted its quarterly earnings data on Monday, May 9th. The basic materials company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The company had revenue of $886.00 million during the quarter, compared to analysts’ expectations of $887.10 million. Valvoline had a net margin of 12.85% and a return on equity of 278.10%. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 EPS.

Valvoline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, August 30th. Valvoline’s dividend payout ratio (DPR) is 21.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC bought a new position in Valvoline in the 2nd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Valvoline by 138.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,920 shares of the basic materials company’s stock valued at $55,000 after acquiring an additional 1,114 shares in the last quarter. Factorial Partners LLC boosted its holdings in shares of Valvoline by 8.1% in the second quarter. Factorial Partners LLC now owns 26,700 shares of the basic materials company’s stock valued at $770,000 after acquiring an additional 2,000 shares in the last quarter. CX Institutional bought a new position in shares of Valvoline in the second quarter valued at approximately $148,000. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of Valvoline by 13.6% in the second quarter. Treasurer of the State of North Carolina now owns 75,777 shares of the basic materials company’s stock valued at $2,185,000 after acquiring an additional 9,067 shares in the last quarter. Institutional investors own 91.04% of the company’s stock.

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.

Read More

Earnings History and Estimates for Valvoline (NYSE:VVV)

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.