Valvoline Inc reports results for the quarter ended June 30 - Earnings Summary

• Valvoline Inc VVV.N reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 45 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 45 cents per share. Wall Street expected results to range from 44 cents to 46 cents per share.

• Revenue rose 4.2% to $439.00 million from a year ago; analysts expected $436.38 million.

• Valvoline Inc's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $56.5 million.

• Valvoline Inc shares had fallen by 4.3% this quarter and gained 0.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the personal services peer group is also "buy"

• Wall Street's median 12-month price target for Valvoline Inc is $44.00, about 17.6% above its last closing price of $36.25

This summary was machine generated from LSEG data August 6 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)