Valvoline (VVV) Set to Announce Earnings on Tuesday

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

Valvoline Trading Up 0.7 %

NYSE:VVV opened at $43.24 on Tuesday. The company has a market capitalization of $5.57 billion, a PE ratio of 35.15 and a beta of 1.46. Valvoline has a 52-week low of $32.40 and a 52-week high of $48.26. The stock has a fifty day simple moving average of $41.16 and a 200-day simple moving average of $42.02. 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 announced that its board has approved a stock repurchase plan on Tuesday, July 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the basic materials company to purchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on VVV shares. Robert W. Baird began coverage on Valvoline in a research note on Thursday, August 15th. They issued an “outperform” rating and a $48.00 target price on the stock. Wells Fargo & Company decreased their price objective on Valvoline from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Citigroup boosted their target price on shares of Valvoline from $45.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Stephens started coverage on shares of Valvoline in a research note on Tuesday, October 15th. They set an “overweight” rating and a $49.00 price target on the stock. Finally, Royal Bank of Canada cut their price objective 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valvoline has a consensus rating of “Moderate Buy” and an average price target 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.