Wall Street analysts expect Univar Inc (NYSE:UNVR) to report $0.34 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Univar’s earnings, with estimates ranging from $0.31 to $0.40. Univar also reported earnings of $0.34 per share in the same quarter last year. The firm is expected to issue its next earnings results on Wednesday, February 27th.
According to Zacks, analysts expect that Univar will report full year earnings of $1.63 per share for the current financial year, with EPS estimates ranging from $1.60 to $1.70. For the next year, analysts forecast that the business will post earnings of $1.91 per share, with EPS estimates ranging from $1.70 to $2.10. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Univar.
Univar (NYSE:UNVR) last posted its earnings results on Tuesday, November 6th. The basic materials company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.02). Univar had a return on equity of 20.20% and a net margin of 2.30%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $0.36 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year.
A number of research analysts have recently commented on UNVR shares. Wells Fargo & Co set a $27.00 price target on Univar and gave the stock a “buy” rating in a report on Wednesday. Deutsche Bank reiterated a “buy” rating and set a $35.00 price target on shares of Univar in a report on Friday, September 21st. Berenberg Bank upgraded Univar from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, September 4th. Goldman Sachs Group upgraded Univar from a “buy” rating to a “conviction-buy” rating in a report on Thursday, August 2nd. Finally, Barclays cut their price target on Univar from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $29.40.
In other news, insider Stephen D. Newlin bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was acquired at an average cost of $23.02 per share, for a total transaction of $69,060.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kerry J. Preete bought 8,250 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was purchased at an average price of $30.24 per share, with a total value of $249,480.00. Following the completion of the purchase, the director now directly owns 7,933 shares of the company’s stock, valued at approximately $239,893.92. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 22,750 shares of company stock valued at $584,575. Corporate insiders own 1.82% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. 22NW LP bought a new stake in Univar in the third quarter valued at $544,000. FMR LLC grew its position in Univar by 2.9% in the third quarter. FMR LLC now owns 10,109,059 shares of the basic materials company’s stock valued at $309,944,000 after acquiring an additional 282,560 shares during the period. Martingale Asset Management L P grew its position in Univar by 45.0% in the third quarter. Martingale Asset Management L P now owns 141,887 shares of the basic materials company’s stock valued at $4,351,000 after acquiring an additional 44,034 shares during the period. Iridian Asset Management LLC CT grew its position in Univar by 23.9% in the third quarter. Iridian Asset Management LLC CT now owns 8,450,836 shares of the basic materials company’s stock valued at $259,103,000 after acquiring an additional 1,628,591 shares during the period. Finally, Alliancebernstein L.P. grew its position in Univar by 249.5% in the third quarter. Alliancebernstein L.P. now owns 226,082 shares of the basic materials company’s stock valued at $6,932,000 after acquiring an additional 161,396 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.
UNVR opened at $22.85 on Friday. Univar has a twelve month low of $20.08 and a twelve month high of $31.95. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.65 and a quick ratio of 1.08. The company has a market capitalization of $3.14 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.43 and a beta of 1.41.
Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, fertilizers, and feeds; storage, packaging, and logistics services for crop protection companies, storing chemicals, feed-grade materials, and seed and equipment parties; and pest control products and equipment.
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