Valvoline (NYSE:VVV - Get Free Report) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.57-$1.67 for the period, compared to the consensus earnings per share estimate of $1.80. The company issued revenue guidance of $1.67-$1.73 billion, compared to the consensus revenue estimate of $1.82 billion. Valvoline also updated its FY 2025 guidance to 1.570-1.670 EPS.
Valvoline Stock Down 7.9 %
Shares of VVV traded down $3.34 on Tuesday, reaching $38.99. The stock had a trading volume of 3,163,402 shares, compared to its average volume of 1,186,700. The company has a 50-day simple moving average of $41.44 and a 200-day simple moving average of $42.03. The company has a debt-to-equity ratio of 10.57, a quick ratio of 0.62 and a current ratio of 0.73. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 31.92 and a beta of 1.46. Valvoline has a 12-month low of $33.86 and a 12-month high of $48.26.
Valvoline declared that its Board of Directors has approved a share buyback program on Tuesday, July 30th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the basic materials company to repurchase up to 7.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several research firms have commented on VVV. Royal Bank of Canada dropped their price objective on shares of Valvoline from $54.00 to $48.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Robert W. Baird started coverage on Valvoline in a research report on Thursday, August 15th. They set an "outperform" rating and a $48.00 target price for the company. Wells Fargo & Company decreased their price target on Valvoline from $50.00 to $46.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Baird R W upgraded shares of Valvoline to a "strong-buy" rating in a report on Thursday, August 15th. Finally, Stephens started coverage on shares of Valvoline in a research report on Tuesday, October 15th. They issued an "overweight" rating and a $49.00 price objective for the company. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Valvoline has a consensus rating of "Buy" and an average price target of $47.75.
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About Valvoline
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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.
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