Equities Analysts Issue Forecasts for Nexeo Solutions Inc’s Q2 2018 Earnings (NXEO)

Nexeo Solutions Inc (NASDAQ:NXEO) – Analysts at Jefferies Group issued their Q2 2018 earnings per share (EPS) estimates for Nexeo Solutions in a research report issued on Thursday. Jefferies Group analyst L. Alexander anticipates that the basic materials company will post earnings per share of $0.16 for the quarter. Jefferies Group currently has a “Hold” rating and a $8.50 target price on the stock. Jefferies Group also issued estimates for Nexeo Solutions’ Q3 2018 earnings at $0.19 EPS, FY2018 earnings at $0.60 EPS and FY2020 earnings at $1.15 EPS.

Nexeo Solutions (NASDAQ:NXEO) last released its quarterly earnings results on Wednesday, December 6th. The basic materials company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $981.70 million for the quarter, compared to analysts’ expectations of $881.70 million. Nexeo Solutions had a net margin of 1.30% and a negative return on equity of 501.55%.

Other research analysts have also recently issued research reports about the stock. ValuEngine raised shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. SunTrust Banks reiterated a “buy” rating and issued a $11.00 target price on shares of Nexeo Solutions in a research report on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Nexeo Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $9.33.

Nexeo Solutions (NXEO) opened at $9.52 on Monday. The firm has a market cap of $854.34, a price-to-earnings ratio of 50.11, a PEG ratio of 1.01 and a beta of 0.40. Nexeo Solutions has a 1-year low of $6.74 and a 1-year high of $10.13. The company has a debt-to-equity ratio of 60.15, a current ratio of 1.94 and a quick ratio of 1.32.

In related news, insider Brian Herington bought 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average cost of $8.35 per share, for a total transaction of $417,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.57% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Citadel Advisors LLC grew its position in Nexeo Solutions by 281.8% in the fourth quarter. Citadel Advisors LLC now owns 61,115 shares of the basic materials company’s stock worth $557,000 after acquiring an additional 45,108 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Nexeo Solutions in the fourth quarter worth $702,000. Virtu Financial LLC purchased a new position in Nexeo Solutions in the fourth quarter worth $260,000. BlackRock Inc. grew its position in Nexeo Solutions by 2.6% in the fourth quarter. BlackRock Inc. now owns 1,520,012 shares of the basic materials company’s stock worth $13,832,000 after acquiring an additional 37,861 shares in the last quarter. Finally, LSV Asset Management purchased a new position in Nexeo Solutions in the fourth quarter worth $910,000. Institutional investors own 95.08% of the company’s stock.

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About Nexeo Solutions

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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