Valvoline (VVV) Issues FY18 Earnings Guidance
Valvoline (NYSE:VVV) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $1.30-1.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.30. The company issued revenue guidance of +10-12% to ~$2.29-2.33 billion, compared to the consensus revenue estimate of $2.25 billion.
A number of brokerages recently issued reports on VVV. Zacks Investment Research raised Valvoline from a sell rating to a hold rating in a research report on Tuesday, December 19th. Morgan Stanley lifted their target price on Valvoline from $25.00 to $26.00 and gave the company an equal weight rating in a research report on Friday, November 10th. Seaport Global Securities lowered Valvoline from a buy rating to a neutral rating and set a $26.00 target price on the stock. in a research report on Wednesday, November 22nd. Longbow Research lifted their target price on Valvoline from $28.00 to $30.00 and gave the company a buy rating in a research report on Thursday, December 21st. Finally, SunTrust Banks reissued a hold rating and issued a $25.00 target price on shares of Valvoline in a research report on Friday, November 10th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Valvoline currently has a consensus rating of Hold and a consensus target price of $25.71.
Shares of Valvoline (NYSE:VVV) opened at $22.96 on Friday. Valvoline has a 1 year low of $20.99 and a 1 year high of $25.63. The stock has a market capitalization of $4,763.34, a P/E ratio of 21.06, a P/E/G ratio of 2.11 and a beta of 0.84. The company has a debt-to-equity ratio of -8.84, a current ratio of 1.65 and a quick ratio of 1.29.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.0745 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, February 28th. Valvoline’s dividend payout ratio (DPR) is 27.52%.
In other Valvoline news, insider Anthony R. Puckett sold 4,294 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $24.33, for a total transaction of $104,473.02. Following the transaction, the insider now owns 6,192 shares of the company’s stock, valued at approximately $150,651.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Thomas A. Gerrald II sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $24.61, for a total value of $93,518.00. Following the transaction, the senior vice president now directly owns 77 shares in the company, valued at approximately $1,894.97. The disclosure for this sale can be found here. 0.07% of the stock is owned by insiders.
Valvoline Company Profile
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.
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