Valvoline Inc. (NYSE:VVV - Free Report) - Research analysts at Seaport Res Ptn upped their Q2 2024 earnings per share (EPS) estimates for Valvoline in a research report issued on Wednesday, April 17th. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will post earnings per share of $0.34 for the quarter, up from their previous forecast of $0.32. The consensus estimate for Valvoline's current full-year earnings is $1.60 per share. Seaport Res Ptn also issued estimates for Valvoline's Q3 2024 earnings at $0.50 EPS, Q4 2024 earnings at $0.50 EPS and FY2024 earnings at $1.63 EPS.
Valvoline (NYSE:VVV - Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. Valvoline had a net margin of 92.04% and a return on equity of 41.83%. The business had revenue of $373.40 million during the quarter, compared to analyst estimates of $380.10 million. During the same period last year, the business posted $0.16 earnings per share. Valvoline's quarterly revenue was up 12.2% compared to the same quarter last year.
Several other analysts have also commented on VVV. Royal Bank of Canada raised their price objective on shares of Valvoline from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Wednesday, February 7th. Citigroup lifted their target price on shares of Valvoline from $36.00 to $45.00 and gave the company a "neutral" rating in a report on Wednesday, March 13th. Mizuho initiated coverage on shares of Valvoline in a report on Tuesday, March 19th. They set a "buy" rating and a $50.00 target price for the company. Finally, Morgan Stanley upgraded shares of Valvoline from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $37.00 to $44.00 in a report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.75.
Check Out Our Latest Stock Analysis on Valvoline
Valvoline Stock Down 0.1 %
VVV traded down $0.05 on Thursday, hitting $41.19. The company had a trading volume of 692,050 shares, compared to its average volume of 1,179,667. The company has a debt-to-equity ratio of 24.02, a current ratio of 2.24 and a quick ratio of 2.14. Valvoline has a 52-week low of $29.15 and a 52-week high of $45.37. The stock has a fifty day simple moving average of $42.66 and a 200-day simple moving average of $37.28. The firm has a market capitalization of $5.34 billion, a P/E ratio of 5.12 and a beta of 1.44.
Hedge Funds Weigh In On Valvoline
Hedge funds have recently added to or reduced their stakes in the company. Park Place Capital Corp purchased a new position in Valvoline in the 4th quarter worth approximately $26,000. Belpointe Asset Management LLC grew its position in Valvoline by 54.9% in the 1st quarter. Belpointe Asset Management LLC now owns 931 shares of the basic materials company's stock worth $33,000 after purchasing an additional 330 shares during the period. GAMMA Investing LLC bought a new stake in Valvoline in the 4th quarter worth approximately $35,000. First Manhattan CO. LLC. bought a new stake in Valvoline in the 1st quarter worth approximately $35,000. Finally, Principal Securities Inc. bought a new stake in Valvoline in the 4th quarter worth approximately $39,000. 96.13% of the stock is currently owned by hedge funds and other institutional investors.
Valvoline Company Profile
(
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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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