FY2022 Earnings Estimate for Nestlé S.A. (OTCMKTS:NSRGY) Issued By Jefferies Financial Group

Nestlé S.A. (OTCMKTS:NSRGYGet Rating) – Equities research analysts at Jefferies Financial Group cut their FY2022 EPS estimates for shares of Nestlé in a research report issued to clients and investors on Monday, June 20th. Jefferies Financial Group analyst M. Deboo now expects that the company will post earnings of $4.82 per share for the year, down from their previous estimate of $5.11. The consensus estimate for Nestlé’s current full-year earnings is $4.92 per share. Jefferies Financial Group also issued estimates for Nestlé’s FY2023 earnings at $5.28 EPS, FY2024 earnings at $5.61 EPS and FY2025 earnings at $6.05 EPS.

Several other research analysts also recently weighed in on the stock. Sanford C. Bernstein downgraded shares of Nestlé from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 19th. Societe Generale cut their target price on shares of Nestlé from CHF 135 to CHF 123 in a research note on Thursday. UBS Group boosted their target price on shares of Nestlé from €50.00 ($52.63) to €51.00 ($53.68) in a research note on Tuesday, March 29th. Royal Bank of Canada lifted their price target on Nestlé from CHF 96 to CHF 98 and gave the company a “sector perform” rating in a report on Friday, April 22nd. Finally, Exane BNP Paribas upgraded Nestlé from a “neutral” rating to an “outperform” rating and lifted their price target for the company from CHF 132 to CHF 135 in a report on Monday, March 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.83.

Shares of NSRGY stock opened at $113.37 on Wednesday. The firm has a 50-day moving average price of $120.60 and a 200 day moving average price of $127.43. Nestlé has a twelve month low of $106.67 and a twelve month high of $141.95. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.98 and a quick ratio of 0.68.

Large investors have recently modified their holdings of the company. Vectors Research Management LLC purchased a new stake in shares of Nestlé during the 4th quarter worth about $63,000. Meeder Asset Management Inc. purchased a new position in Nestlé in the 1st quarter worth approximately $156,000. Hancock Whitney Corp acquired a new stake in Nestlé in the fourth quarter valued at approximately $209,000. Enterprise Financial Services Corp grew its position in Nestlé by 3,950.0% in the fourth quarter. Enterprise Financial Services Corp now owns 1,539 shares of the company’s stock valued at $215,000 after acquiring an additional 1,501 shares in the last quarter. Finally, FineMark National Bank & Trust acquired a new stake in Nestlé in the fourth quarter valued at approximately $226,000. Institutional investors and hedge funds own 0.98% of the company’s stock.

About Nestlé (Get Rating)

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; and Zone Asia, Oceania and sub-Saharan Africa segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.

Featured Stories

Earnings History and Estimates for Nestlé (OTCMKTS:NSRGY)

Receive News & Ratings for Nestlé Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nestlé and related companies with MarketBeat.com's FREE daily email newsletter.