Valvoline (VVV) Set to Announce Earnings on Tuesday

Valvoline (NYSE:VVV - Get Free Report) is set to issue 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. Individual that wish to listen to the company's earnings conference call can do so using this link.

Valvoline Trading Down 1.5 %

Shares of NYSE VVV traded down $0.64 during mid-day trading on Tuesday, reaching $42.60. 986,583 shares of the company's stock were exchanged, compared to its average volume of 1,177,189. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 35.15 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 has a 52-week low of $32.40 and a 52-week high of $48.26. The company's 50-day moving average is $41.18 and its 200-day moving average is $42.03.

Valvoline declared that its board has authorized a share repurchase program on Tuesday, July 30th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the basic materials company to purchase up to 7.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Stephens assumed coverage on Valvoline in a report on Tuesday, October 15th. They set an "overweight" rating and a $49.00 price target for the company. Baird R W raised Valvoline to a "strong-buy" rating in a research note on Thursday, August 15th. Robert W. Baird began coverage on Valvoline in a research note on Thursday, August 15th. They set an "outperform" rating and a $48.00 target price on the stock. Wells Fargo & Company decreased their target price on Valvoline from $50.00 to $46.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Finally, Royal Bank of Canada decreased their target price on Valvoline from $54.00 to $48.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Two equities research 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.