Valvoline Inc. (NYSE:VVV) is set to announce fourth quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, VVV to report 4Q20 income of $ 0.36 per share.
For the full year, analysts anticipate top line of $ 2322.05 million, while looking forward to income of $ 1.38 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,486.00 million ~ $ 2,533.00 million, where as bottomline are predicted in a range of $ 1.40 ~ $ 1.51 per share
Click Here For More Historical Outlooks Of Valvoline Inc.
Previous Quarter Performance
Valvoline Inc. recorded income for the third quarter of $ 0.28 per share, from the revenue of $ 516.00 million. The quarterly earnings shrunk 24.32 percent compared with the same quarter last year. According to street consensus, VVV was expected to report 3Q20 income of $ 0.24 per share from revenue of $ 506.47 million. The bottom line results beat street analysts by $ 0.04 or 16.67 percent, at the same time, top line results outshined analysts by $ 9.53 million or 1.88 percent.
Stock Performance
Shares of Valvoline Inc. traded low $ -0.55 or -2.83 percent on Tuesday, reaching $ 18.90 with volume of 852.40 thousand shares. Valvoline Inc. has traded high as $ 19.55 and has cracked $ 18.89 on the downward trend
According to the previous trading day, closing price of $ 18.90, representing a 114.68 % increase from the 52 week low of $ 9.06 and a 18.62 % decrease over the 52 week high of $ 23.90.
The company has a market capital of $ 3.50 billion and is part of the Energy sector and Oil & Gas Refining & Marketing industry.
Recent Stock Dividend Announcement
On July 23, 2020, the board of directors authorized quarterly dividend of $ 0.113 per share to holders of record as of the close of business on August 31, 2020, with payment date of September 15, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Valvoline Inc. will be hosting a conference call at 9:00 AM eastern time on 28th October 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.valvoline.com
Valvoline Inc. manufactures and markets engine and automotive maintenance products and services. It operates through three segments: Core North America, Quick Lubes, and International.
