$0.28 Earnings Per Share Expected for Univar Inc. (UNVR) This Quarter
Wall Street brokerages forecast that Univar Inc. (NYSE:UNVR) will report earnings of $0.28 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Univar’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.33. Univar reported earnings per share of $0.17 during the same quarter last year, which would suggest a positive year-over-year growth rate of 64.7%. The company is expected to issue its next quarterly earnings report on Friday, November 3rd.
On average, analysts expect that Univar will report full-year earnings of $1.03 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $1.11. For the next year, analysts anticipate that the firm will report earnings of $1.58 per share, with EPS estimates ranging from $1.25 to $1.71. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Univar.
Univar (NYSE:UNVR) last issued its earnings results on Friday, August 4th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.27 billion. Univar had a positive return on equity of 15.46% and a negative net margin of 0.85%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS.
A number of equities research analysts have recently commented on UNVR shares. Credit Suisse Group reduced their target price on shares of Univar from $39.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, August 31st. BidaskClub cut shares of Univar from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Barclays PLC reaffirmed a “hold” rating and issued a $32.00 target price on shares of Univar in a report on Thursday, August 31st. Zacks Investment Research cut shares of Univar from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Berenberg Bank started coverage on shares of Univar in a report on Thursday, July 6th. They issued a “sell” rating and a $24.00 target price for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Univar currently has a consensus rating of “Hold” and a consensus target price of $33.33.
Univar (NYSE UNVR) opened at 27.38 on Friday. The stock’s market cap is $3.85 billion. Univar has a 52 week low of $19.13 and a 52 week high of $33.15. The company has a 50-day moving average price of $28.64 and a 200-day moving average price of $29.97.
Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in shares of Univar during the first quarter worth about $114,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Univar by 64.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,792 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 1,480 shares during the period. SG Americas Securities LLC acquired a new position in shares of Univar during the second quarter worth about $122,000. BNP Paribas Arbitrage SA increased its stake in shares of Univar by 176.9% during the second quarter. BNP Paribas Arbitrage SA now owns 4,824 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 3,082 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Univar during the first quarter worth about $229,000. Institutional investors and hedge funds own 96.66% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/09/0-28-earnings-per-share-expected-for-univar-inc-unvr-this-quarter.html.
Univar Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Univar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univar Inc. and related companies with MarketBeat.com's FREE daily email newsletter.