Valvoline (NYSE:VVV) – Equities research analysts at SunTrust Banks raised their Q2 2017 earnings per share (EPS) estimates for Valvoline in a report issued on Tuesday. SunTrust Banks analyst W. Chappell now forecasts that the firm will earn $0.35 per share for the quarter, up from their previous forecast of $0.34. SunTrust Banks has a “Hold” rating and a $25.00 price objective on the stock. SunTrust Banks also issued estimates for Valvoline’s Q3 2017 earnings at $0.37 EPS, Q4 2017 earnings at $0.34 EPS, FY2017 earnings at $1.35 EPS and FY2018 earnings at $1.43 EPS.

VVV has been the topic of a number of other reports. Bank of America Corp. started coverage on shares of Valvoline in a research note on Tuesday, October 18th. They set a “buy” rating and a $27.00 price target on the stock. Citigroup Inc. started coverage on shares of Valvoline in a research note on Tuesday, October 18th. They set a “buy” rating and a $27.00 price target on the stock. Morgan Stanley started coverage on shares of Valvoline in a research note on Tuesday, October 18th. They set an “equal weight” rating and a $26.00 price target on the stock. Seaport Global Securities started coverage on shares of Valvoline in a research note on Monday, September 26th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Gabelli started coverage on shares of Valvoline in a research note on Wednesday, September 21st. They set a “buy” rating and a $29.00 price target on the stock. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.11.

Earnings History and Estimates for Valvoline (NYSE:VVV)

Valvoline (NYSE:VVV) opened at 21.49 on Friday. The stock has a market capitalization of $4.41 billion and a price-to-earnings ratio of 16.16. Valvoline has a 12 month low of $18.30 and a 12 month high of $24.51. The company has a 50 day moving average of $21.93 and a 200 day moving average of $21.93.

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

A number of institutional investors have recently made changes to their positions in VVV. Emerald Acquisition Ltd. acquired a new position in shares of Valvoline during the third quarter worth about $263,000. JBF Capital Inc. acquired a new position in shares of Valvoline during the third quarter worth about $512,000. Bank of New York Mellon Corp acquired a new position in shares of Valvoline during the third quarter worth about $581,000. Morgan Stanley acquired a new position in shares of Valvoline during the third quarter worth about $613,000. Finally, SG Americas Securities LLC acquired a new position in shares of Valvoline during the third quarter worth about $638,000.

In other Valvoline news, CFO Mary E. Meixelsperger purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, September 28th. The stock was purchased at an average cost of $22.00 per share, with a total value of $55,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at approximately $55,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen E. Macadam purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, September 28th. The stock was acquired at an average cost of $22.00 per share, with a total value of $110,000.00. Following the completion of the acquisition, 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Monday, December 5th will be given a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, December 1st.

5 Day Chart for NYSE:VVV

Receive News & Stock Ratings for Valvoline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valvoline and related stocks with our FREE daily email newsletter.