Valvoline Inc. (NYSE:VVV - Free Report) - Investment analysts at Seaport Res Ptn reduced their FY2024 earnings per share (EPS) estimates for shares of Valvoline in a report released on Wednesday, August 7th. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will post earnings of $1.53 per share for the year, down from their prior forecast of $1.64. The consensus estimate for Valvoline's current full-year earnings is $1.54 per share. Seaport Res Ptn also issued estimates for Valvoline's Q1 2025 earnings at $0.32 EPS and Q2 2025 earnings at $0.40 EPS.
Valvoline (NYSE:VVV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). Valvoline had a net margin of 10.45% and a return on equity of 182.88%. The company had revenue of $421.00 million during the quarter, compared to analysts' expectations of $425.17 million. During the same quarter in the prior year, the business posted $0.43 earnings per share. The company's revenue was up 11.9% compared to the same quarter last year.
A number of other equities analysts have also issued reports on VVV. Royal Bank of Canada reduced their price target on shares of Valvoline from $54.00 to $48.00 and set an "outperform" rating for the company in a research report on Thursday. Wells Fargo & Company decreased their price objective on Valvoline from $50.00 to $46.00 and set an "overweight" rating for the company in a report on Thursday. Piper Sandler started coverage on Valvoline in a research note on Wednesday, June 12th. They issued an "overweight" rating and a $49.00 target price on the stock. Finally, Citigroup lifted their price target on Valvoline from $45.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday, July 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $46.00.
View Our Latest Stock Analysis on VVV
Valvoline Stock Performance
VVV stock opened at $39.87 on Monday. The firm has a 50-day simple moving average of $43.26 and a two-hundred day simple moving average of $42.26. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73. Valvoline has a one year low of $29.15 and a one year high of $48.26. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 31.64 and a beta of 1.43.
Hedge Funds Weigh In On Valvoline
Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its position in Valvoline by 57.9% during the second quarter. Blue Trust Inc. now owns 728 shares of the basic materials company's stock worth $32,000 after purchasing an additional 267 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Valvoline in the 2nd quarter valued at $34,000. Mather Group LLC. boosted its stake in Valvoline by 1,617.0% during the 2nd quarter. Mather Group LLC. now owns 807 shares of the basic materials company's stock worth $36,000 after purchasing an additional 760 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Valvoline during the fourth quarter worth $35,000. Finally, Principal Securities Inc. acquired a new stake in shares of Valvoline in the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 96.13% of the company's stock.
Valvoline Company Profile
(Get Free Report)
Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.
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