Valvoline (NYSE:VVV) – Seaport Global Securities increased their Q1 2017 EPS estimates for Valvoline in a research note issued to investors on Monday. Seaport Global Securities analyst M. Harrison now expects that the firm will post earnings of $0.32 per share for the quarter, up from their previous forecast of $0.26. Seaport Global Securities has a “Buy” rating and a $27.00 price objective on the stock. Seaport Global Securities also issued estimates for Valvoline’s Q2 2017 earnings at $0.34 EPS, Q3 2017 earnings at $0.38 EPS, Q4 2017 earnings at $0.36 EPS, FY2017 earnings at $1.40 EPS, Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.37 EPS and FY2018 earnings at $1.42 EPS.

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

Earnings History and Estimates for Valvoline (NYSE:VVV)

Other equities research analysts have also issued reports about the stock. Monness Crespi & Hardt started coverage on shares of Valvoline in a report on Tuesday, September 27th. They set a “buy” rating and a $27.00 price objective on the stock. Gabelli began coverage on shares of Valvoline in a research report on Wednesday, September 21st. They set a “buy” rating and a $29.00 target price for the company. Citigroup Inc. began coverage on shares of Valvoline in a research report on Tuesday, October 18th. They set a “buy” rating and a $27.00 target price for the company. Bank of America Corp. began coverage on shares of Valvoline in a research report on Tuesday, October 18th. They set a “buy” rating and a $27.00 target price for the company. Finally, Morgan Stanley began coverage on shares of Valvoline in a research report on Tuesday, October 18th. They set an “equal weight” rating and a $26.00 target price for the company. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.11.

Valvoline (NYSE:VVV) opened at 19.84 on Tuesday. The stock’s 50 day moving average price is $21.93 and its 200-day moving average price is $21.93. Valvoline has a 12 month low of $18.30 and a 12 month high of $24.51. The stock has a market cap of $4.07 billion and a price-to-earnings ratio of 14.92.

Hedge funds have recently added to or reduced their stakes in the company. OZ Management LP bought a new stake in Valvoline during the third quarter worth approximately $29,492,000. Lazard Asset Management LLC bought a new stake in Valvoline during the third quarter worth approximately $29,145,000. Incline Global Management LLC bought a new stake in Valvoline during the third quarter worth approximately $28,049,000. TimesSquare Capital Management LLC bought a new stake in Valvoline during the third quarter worth approximately $25,369,000. Finally, Jana Partners LLC bought a new stake in Valvoline during the third quarter worth approximately $24,657,000.

In related news, CEO Samuel J. Mitchell bought 25,000 shares of the business’s stock in a transaction dated Wednesday, September 28th. The stock was acquired at an average price of $22.00 per share, with a total value of $550,000.00. Following the completion of the purchase, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at $550,000. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Stephen E. Macadam bought 5,000 shares of the business’s stock in a transaction dated Wednesday, September 28th. The shares were bought at an average cost of $22.00 per share, with a total value of $110,000.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $110,000. The disclosure for this purchase can be found here.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Monday, December 5th will be given a $0.049 dividend. The ex-dividend date is Thursday, December 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.99%.

5 Day Chart for NYSE:VVV

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