Nexeo Solutions Inc Forecasted to Earn Q2 2018 Earnings of $0.19 Per Share (NXEO)

Nexeo Solutions Inc (NASDAQ:NXEO) – Investment analysts at SunTrust Banks upped their Q2 2018 EPS estimates for Nexeo Solutions in a research note issued to investors on Thursday. SunTrust Banks analyst J. Sheehan now expects that the basic materials company will post earnings per share of $0.19 for the quarter, up from their previous estimate of $0.18. SunTrust Banks currently has a “Buy” rating and a $11.00 target price on the stock. SunTrust Banks also issued estimates for Nexeo Solutions’ Q3 2018 earnings at $0.19 EPS and Q4 2018 earnings at $0.20 EPS.

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

NXEO has been the topic of several other reports. ValuEngine upgraded shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered shares of Nexeo Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Jefferies Group restated a “hold” rating and set a $8.50 target price on shares of Nexeo Solutions in a research report on Thursday, October 19th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $9.33.

Shares of Nexeo Solutions (NXEO) opened at $9.52 on Monday. The company has a market cap of $854.34, a price-to-earnings ratio of 50.11, a price-to-earnings-growth 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 quick ratio of 1.32 and a current ratio of 1.94.

Several large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC raised its stake in shares of Nexeo Solutions by 281.8% during the 4th quarter. Citadel Advisors LLC now owns 61,115 shares of the basic materials company’s stock worth $557,000 after buying an additional 45,108 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Nexeo Solutions during the 4th quarter worth $702,000. Virtu Financial LLC acquired a new position in shares of Nexeo Solutions during the 4th quarter worth $260,000. BlackRock Inc. raised its stake in shares of Nexeo Solutions by 2.6% during the 4th quarter. BlackRock Inc. now owns 1,520,012 shares of the basic materials company’s stock worth $13,832,000 after buying an additional 37,861 shares during the last quarter. Finally, LSV Asset Management acquired a new position in shares of Nexeo Solutions during the 4th quarter worth $910,000. 95.08% of the stock is owned by institutional investors and hedge funds.

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

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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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