Valvoline (NYSE:VVV) – Analysts at Gabelli cut their FY2018 earnings per share estimates for shares of Valvoline in a note issued to investors on Thursday. Gabelli analyst C. Jolly now anticipates that the firm will post earnings per share of $1.30 for the year, down from their prior estimate of $1.55. Gabelli currently has a “Hold” rating on the stock.

Several other brokerages have also issued reports on VVV. Goldman Sachs Group Inc. initiated coverage on Valvoline in a report on Tuesday, October 18th. They set a “neutral” rating and a $24.00 price objective on the stock. Monness Crespi & Hardt dropped their price objective on Valvoline from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Thursday. Bank of America Corp. initiated coverage on Valvoline in a report on Tuesday, October 18th. They set a “buy” rating and a $27.00 price objective on the stock. Longbow Research initiated coverage on Valvoline in a report on Friday, October 21st. They set a “neutral” rating on the stock. Finally, SunTrust Banks Inc. initiated coverage on Valvoline in a report on Tuesday, October 18th. They set a “hold” rating and a $25.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Valvoline currently has a consensus rating of “Hold” and an average price target of $26.11.

Earnings History and Estimates for Valvoline (NYSE:VVV)

Valvoline (NYSE:VVV) opened at 18.90 on Monday. The company has a 50 day moving average price of $21.93 and a 200 day moving average price of $21.93. Valvoline has a 52 week low of $18.30 and a 52 week high of $24.51. The stock has a market cap of $3.78 billion and a price-to-earnings ratio of 15.70.

Valvoline (NYSE:VVV) last announced its quarterly earnings results on Tuesday, November 8th. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The company earned $494 million during the quarter, compared to analysts’ expectations of $487.50 million. During the same period in the previous year, the company posted $0.28 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year.

In other Valvoline news, insider Sara K. Stensrud bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was acquired at an average price of $22.00 per share, for a total transaction of $66,000.00. Following the completion of the purchase, the insider now owns 3,000 shares of the company’s stock, valued at $66,000. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mary E. Meixelsperger bought 2,500 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The shares were acquired at an average price of $22.00 per share, with a total value of $55,000.00. Following the purchase, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at approximately $55,000. The disclosure for this purchase can be found here.

Several large investors have recently made changes to their positions in VVV. JBF Capital Inc. acquired a new stake in shares of Valvoline during the third quarter valued at $512,000. Locust Wood Capital Advisers LLC acquired a new stake in shares of Valvoline during the third quarter valued at $11,361,000. Monashee Investment Management LLC acquired a new stake in shares of Valvoline during the third quarter valued at $2,349,000. JPMorgan Chase & Co. acquired a new stake in shares of Valvoline during the third quarter valued at $8,693,000. Finally, Sei Investments Co. acquired a new stake in shares of Valvoline during the third quarter valued at $3,732,000.

5 Day Chart for NYSE:VVV

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