Diversey (NASDAQ:DSEY) Issues FY 2022 Earnings Guidance

Diversey (NASDAQ:DSEY – Get Rating) issued an update on its FY 2022 earnings guidance on Friday morning. The company provided EPS guidance of -$0.53–$0.53 for the period, compared to the consensus EPS estimate of $0.30. The company issued revenue guidance of $2.80 billion-$2.80 billion, compared to the consensus revenue estimate of $2.76 billion.

Diversey Trading Down 1.7 %

DSEY opened at $7.96 on Friday. The stock’s fifty day moving average is $6.12 and its two-hundred day moving average is $5.41. The company has a market capitalization of $2.58 billion, a P/E ratio of -17.69 and a beta of 2.00. Diversey has a 52 week low of $3.95 and a 52 week high of $10.68. The company has a quick ratio of 0.94, a current ratio of 1.35 and a debt-to-equity ratio of 2.96.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley cut Diversey from an overweight rating to an equal weight rating and increased their target price for the company from $8.00 to $8.40 in a research report on Thursday, March 9th. BMO Capital Markets increased their target price on Diversey from $5.80 to $8.40 and gave the company a market perform rating in a research report on Thursday, March 9th. Mizuho increased their target price on Diversey from $6.00 to $8.40 and gave the company a neutral rating in a research report on Monday, March 13th. Bank of America initiated coverage on Diversey in a research report on Wednesday, February 22nd. They set an underperform rating and a $6.00 target price on the stock. Finally, Credit Suisse Group cut Diversey from an outperform rating to a neutral rating and lowered their price objective for the stock from $9.00 to $8.40 in a research report on Monday, March 13th. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. According to data from MarketBeat.com, Diversey has an average rating of Hold and a consensus target price of $7.97.

Hedge Funds Weigh In On Diversey

Several institutional investors and hedge funds have recently modified their holdings of DSEY. Point72 Middle East FZE purchased a new stake in Diversey during the 4th quarter worth approximately $28,000. Price T Rowe Associates Inc. MD purchased a new stake in Diversey during the 3rd quarter worth approximately $60,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Diversey during the 2nd quarter worth approximately $62,000. Citigroup Inc. increased its stake in Diversey by 110.7% during the 1st quarter. Citigroup Inc. now owns 8,929 shares of the company’s stock worth $67,000 after buying an additional 4,691 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Diversey during the 2nd quarter worth approximately $70,000. Hedge funds and other institutional investors own 94.64% of the company’s stock.

Diversey Company Profile

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Diversey Holdings, Ltd., through its subsidiaries, provides infection prevention and cleaning solutions worldwide. It operates in two segments, Institutional, and Food & Beverage. The Institutional segment offers products, solutions, equipment, and machines, including infection prevention and personal care products, floor and building care chemicals, kitchen and mechanical ware wash chemicals and machines, dosing and dispensing equipment, and floor care machines, as well as engineering, consulting, and training services related to productivity management, water and energy management, and risk management.