Zacks: Brokerages Expect Univar Inc. (UNVR) to Announce $0.25 EPS
Brokerages expect Univar Inc. (NYSE:UNVR) to report $0.25 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Univar’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.23. Univar reported earnings of $0.17 per share during the same quarter last year, which would indicate a positive year over year growth rate of 47.1%. The company is expected to report its next quarterly earnings report on Friday, November 3rd.
On average, analysts expect that Univar will report full year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.08. For the next year, analysts expect that the business will post earnings of $1.56 per share, with EPS estimates ranging from $1.25 to $1.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Univar.
Univar (NYSE:UNVR) last issued its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The company had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year.
UNVR has been the topic of several research reports. BidaskClub downgraded shares of Univar from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Zacks Investment Research upgraded shares of Univar from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Credit Suisse Group lowered their price objective on shares of Univar from $39.00 to $36.00 and set an “outperform” rating on the stock in a report on Thursday, August 31st. Berenberg Bank initiated coverage on shares of Univar in a report on Thursday, July 6th. They set a “sell” rating and a $24.00 price objective on the stock. Finally, Jefferies Group LLC restated a “buy” rating and set a $39.00 price objective on shares of Univar in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.33.
Shares of Univar (NYSE UNVR) traded up 0.07% during midday trading on Wednesday, hitting $28.93. 578,555 shares of the stock traded hands. Univar has a 52 week low of $20.54 and a 52 week high of $33.15. The firm has a 50-day moving average price of $28.16 and a 200-day moving average price of $28.16. The stock’s market capitalization is $4.07 billion.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd grew its stake in shares of Univar by 13.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,467 shares of the basic materials company’s stock worth $247,000 after acquiring an additional 1,004 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Univar in the 2nd quarter worth $1,389,000. Susquehanna International Group LLP grew its stake in shares of Univar by 307.6% in the 2nd quarter. Susquehanna International Group LLP now owns 66,699 shares of the basic materials company’s stock worth $1,948,000 after acquiring an additional 50,334 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Univar by 117.9% in the 2nd quarter. California State Teachers Retirement System now owns 184,493 shares of the basic materials company’s stock worth $5,387,000 after acquiring an additional 99,819 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Univar by 3.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 45,038 shares of the basic materials company’s stock worth $1,315,000 after acquiring an additional 1,685 shares in the last quarter. Hedge funds and other institutional investors own 96.65% of the company’s stock.
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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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