FY2017 EPS Estimates for Unilever NV (UN) Reduced by Analyst
Unilever NV (NYSE:UN) – Equities research analysts at Jefferies Group dropped their FY2017 earnings per share estimates for shares of Unilever NV in a research note issued on Monday. Jefferies Group analyst M. Deboo now forecasts that the company will post earnings of $2.73 per share for the year, down from their previous forecast of $2.74. Jefferies Group also issued estimates for Unilever NV’s FY2018 earnings at $2.98 EPS, FY2019 earnings at $3.35 EPS and FY2020 earnings at $3.77 EPS.
A number of other research firms have also recently issued reports on UN. BidaskClub raised shares of Unilever NV from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever NV in a research report on Thursday, September 7th. UBS AG reissued a “neutral” rating on shares of Unilever NV in a research report on Monday, July 17th. Royal Bank Of Canada cut shares of Unilever NV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised shares of Unilever NV from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Unilever NV has a consensus rating of “Buy” and an average price target of $66.00.
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Shares of Unilever NV (NYSE:UN) opened at 59.21 on Thursday. The firm has a market cap of $166.53 billion, a P/E ratio of 24.28 and a beta of 0.89. Unilever NV has a 1-year low of $38.41 and a 1-year high of $60.90. The firm has a 50 day moving average price of $59.37 and a 200 day moving average price of $55.81.
Several hedge funds have recently added to or reduced their stakes in UN. Pinnacle Financial Partners Inc. acquired a new stake in shares of Unilever NV in the 2nd quarter worth about $127,000. Proficio Capital Partners LLC raised its holdings in shares of Unilever NV by 503.0% in the 1st quarter. Proficio Capital Partners LLC now owns 2,647 shares of the company’s stock worth $148,000 after acquiring an additional 2,208 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Unilever NV by 10.9% in the 1st quarter. SRS Capital Advisors Inc. now owns 2,694 shares of the company’s stock worth $133,000 after acquiring an additional 264 shares during the last quarter. Bollard Group LLC raised its holdings in shares of Unilever NV by 16.2% in the 2nd quarter. Bollard Group LLC now owns 3,485 shares of the company’s stock worth $193,000 after acquiring an additional 487 shares during the last quarter. Finally, Bath Savings Trust Co acquired a new stake in shares of Unilever NV in the 3rd quarter worth about $207,000. 8.97% of the stock is currently owned by institutional investors.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th were given a dividend of $0.352 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.38%.
Unilever NV Company Profile
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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