Valvoline (VVV) Scheduled to Post Quarterly Earnings on Tuesday

Valvoline (NYSE:VVV) will be releasing its earnings data before the market opens on Tuesday, November 19th. Analysts expect Valvoline to post earnings of $0.44 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Valvoline Trading Down 1.3 %

NYSE:VVV opened at $42.32 on Friday. The firm has a 50-day simple moving average of $41.37 and a 200-day simple moving average of $42.03. Valvoline has a one year low of $33.86 and a one year high of $48.26. The firm has a market cap of $5.45 billion, a P/E ratio of 34.38 and a beta of 1.46. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73.

Valvoline declared that its Board of Directors has initiated a stock buyback plan on Tuesday, July 30th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the basic materials company to purchase up to 7.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

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

About Valvoline

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.