Valvoline (VVV) Earning Somewhat Favorable News Coverage, Study Shows
Media coverage about Valvoline (NYSE:VVV) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Valvoline earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.2338041704551 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Valvoline (NYSE VVV) traded down 1.31% during mid-day trading on Thursday, reaching $21.85. The company’s stock had a trading volume of 1,321,215 shares. Valvoline has a 52-week low of $18.30 and a 52-week high of $24.98. The company has a 50-day moving average price of $22.73 and a 200 day moving average price of $23.07. The company has a market cap of $4.43 billion and a PE ratio of 19.13.
Valvoline (NYSE:VVV) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. The company had revenue of $534 million during the quarter, compared to analysts’ expectations of $530.57 million. Valvoline had a negative return on equity of 106.06% and a net margin of 13.00%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts expect that Valvoline will post $1.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.049 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Wednesday, August 30th. Valvoline’s dividend payout ratio (DPR) is 15.50%.
Several analysts have issued reports on VVV shares. Zacks Investment Research raised Valvoline from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Friday, April 28th. Seaport Global Securities raised Valvoline from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, June 7th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $23.00 target price (up previously from $22.00) on shares of Valvoline in a research note on Saturday, June 3rd. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $22.00 target price (up previously from $20.00) on shares of Valvoline in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.83.
COPYRIGHT VIOLATION WARNING: “Valvoline (VVV) Earning Somewhat Favorable News Coverage, Study Shows” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/valvoline-vvv-earning-somewhat-favorable-news-coverage-study-shows/1500968.html.
Valvoline Inc (Valvoline) is engaged in the production and distribution of automotive, commercial and industrial lubricants, and automotive chemicals. The Company operates through three segments: Core North America, Quick Lubes and International. The Core North America segment sells Valvoline, and other branded and private label products in the United States and Canada to both consumers performing their own automotive maintenance, referred to as Do-It-Yourself (DIY) consumers, as well as, to installer customers using Valvoline products to service vehicles owned by Do-It-For-Me (DIFM) consumers.
Receive News & Ratings for Valvoline Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.