Univar Inc. (UNVR) Issues Quarterly Earnings Results
Univar Inc. (NYSE:UNVR) posted its quarterly earnings data on Friday. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.13, Briefing.com reports. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.97 billion. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share.
Shares of Univar (NYSE:UNVR) opened at $29.73 on Friday. 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 $4,281.79, a P/E ratio of 31.39, a PEG ratio of 2.85 and a beta of 1.47.
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Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Univar from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub upgraded shares of Univar from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Barclays PLC increased their target price 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. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $39.00 target price on shares of Univar in a research report on Friday, September 15th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $33.33.
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.
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