Research Analysts Offer Predictions for Nestle SA’s FY2017 Earnings (NSRGY)

Nestle SA (OTCMKTS:NSRGY) – Stock analysts at Jefferies Group lifted their FY2017 earnings per share estimates for shares of Nestle in a research report issued on Wednesday. Jefferies Group analyst M. Deboo now forecasts that the company will post earnings per share of $3.56 for the year, up from their prior forecast of $3.52. Jefferies Group also issued estimates for Nestle’s FY2018 earnings at $3.87 EPS, FY2019 earnings at $4.27 EPS and FY2020 earnings at $4.76 EPS.

Separately, Zacks Investment Research upgraded Nestle from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th.

Shares of Nestle (OTCMKTS NSRGY) opened at $84.52 on Friday. Nestle has a 12 month low of $72.00 and a 12 month high of $89.40. The company has a quick ratio of 0.53, a current ratio of 0.79 and a debt-to-equity ratio of 0.18.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hikari Power Ltd grew its stake in Nestle by 9.7% during the 4th quarter. Hikari Power Ltd now owns 48,890 shares of the company’s stock valued at $4,203,000 after purchasing an additional 4,330 shares in the last quarter. Windward Capital Management Co. CA grew its stake in Nestle by 93.9% during the 4th quarter. Windward Capital Management Co. CA now owns 20,555 shares of the company’s stock valued at $1,768,000 after purchasing an additional 9,956 shares in the last quarter. Sit Investment Associates Inc. grew its stake in Nestle by 8.4% during the 4th quarter. Sit Investment Associates Inc. now owns 68,825 shares of the company’s stock valued at $5,917,000 after purchasing an additional 5,347 shares in the last quarter. White Lighthouse Investment Management Inc. acquired a new stake in Nestle during the 4th quarter valued at approximately $228,000. Finally, Confluence Investment Management LLC grew its stake in Nestle by 2.0% during the 4th quarter. Confluence Investment Management LLC now owns 175,721 shares of the company’s stock valued at $15,111,000 after purchasing an additional 3,529 shares in the last quarter. Hedge funds and other institutional investors own 1.29% of the company’s stock.

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Nestle Company Profile

Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.

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