Univar Inc. (UNVR) Releases Earnings Results
Univar Inc. (NYSE:UNVR) released its quarterly earnings data on Friday. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13, Briefing.com reports. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the company earned $0.17 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year.
Univar (NYSE UNVR) opened at $29.73 on Friday. Univar has a 52-week low of $20.54 and a 52-week high of $33.15. The company has a debt-to-equity ratio of 3.02, a quick ratio of 1.14 and a current ratio of 1.67. The stock has a market cap of $4,180.54, a PE ratio of 25.63, a P/E/G ratio of 2.78 and a beta of 1.47.
Several equities analysts recently issued reports on UNVR shares. Credit Suisse Group reduced their price target on shares of Univar from $39.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, August 31st. Zacks Investment Research upgraded shares of Univar from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reiterated a “buy” rating and set a $39.00 price target on shares of Univar in a research report on Friday, September 15th. BidaskClub cut shares of Univar from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Finally, Barclays PLC boosted their price target on shares of Univar from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $33.33.
Univar Inc is a distributor of commodity and specialty chemicals. The Company operates through four segments: Univar USA (USA); Univar Canada (Canada); Univar Europe and the Middle East and Africa (EMEA), and Rest of World. The Company’s USA segment supplies a range of commodity and specialty chemicals, as well as services to a range of end markets, including manufacturing and industrial production sectors in the United States.
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