Nexeo Solutions (NASDAQ:NXEO) announced its earnings results on Wednesday. The basic materials company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.02, Yahoo Finance reports. The firm had revenue of $981.70 million for the quarter, compared to the consensus estimate of $881.70 million. Nexeo Solutions had a return on equity of 17.92% and a net margin of 0.27%.

Nexeo Solutions (NASDAQ:NXEO) traded up $0.35 during trading on Thursday, reaching $7.90. The company had a trading volume of 916,400 shares, compared to its average volume of 147,643. Nexeo Solutions has a fifty-two week low of $6.74 and a fifty-two week high of $9.94. The company has a current ratio of 2.14, a quick ratio of 1.35 and a debt-to-equity ratio of -96.10. The stock has a market capitalization of $670.84 and a P/E ratio of 19.26.

NXEO has been the topic of a number of recent analyst reports. Jefferies Group reissued a “hold” rating and issued a $8.50 price objective on shares of Nexeo Solutions in a research note on Thursday, October 19th. ValuEngine raised Nexeo Solutions from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research raised Nexeo Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $11.00 target price on shares of Nexeo Solutions in a research report on Friday, November 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Nexeo Solutions presently has an average rating of “Hold” and an average target price of $9.33.

In related news, major shareholder Select Fund Ii L.P. Fpa bought 18,700 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were purchased at an average price of $7.13 per share, for a total transaction of $133,331.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.07% of the company’s stock.

An institutional investor recently bought a new position in Nexeo Solutions stock. The Manufacturers Life Insurance Company purchased a new position in Nexeo Solutions (NASDAQ:NXEO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,907 shares of the basic materials company’s stock, valued at approximately $174,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

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Nexeo Solutions Company Profile

Nexeo Solutions Inc, formerly WL Ross Holding Corp., is global distributor of chemicals products in North America and Asia, and plastics products in North America, Europe, the Middle East and Africa (EMEA) and Asia. The Company provides services, such as custom blending, packaging and re-packaging, private-label manufacturing and product testing in the form of chemical analysis, product performance analysis and product development.

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