Valvoline (VVV) to Release Earnings on Tuesday

Valvoline (NYSE:VVV) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Valvoline Price Performance

VVV stock opened at $42.32 on Friday. Valvoline has a 52 week low of $33.86 and a 52 week high of $48.26. The firm has a market capitalization of $5.45 billion, a P/E ratio of 34.38 and a beta of 1.46. The company has a fifty day simple moving average of $41.37 and a two-hundred day simple moving average of $42.03. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 10.57.

Valvoline declared that its Board of Directors has approved a share buyback plan on Tuesday, July 30th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the basic materials company to buy up to 7.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Baird R W raised Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Royal Bank of Canada decreased their price target on Valvoline from $54.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company dropped their price objective on shares of Valvoline from $50.00 to $46.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Stephens started coverage on shares of Valvoline in a research note on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 target price on the stock. Finally, Robert W. Baird assumed coverage on shares of Valvoline in a research note on Thursday, August 15th. They set an “outperform” rating and a $48.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.75.

Valvoline Company Profile

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.