Erste Group Bank Predicts Nestle FY2027 Earnings

Nestle SA (OTCMKTS:NSRGY) – Erste Group Bank issued their FY2027 EPS estimates for Nestle in a report released on Wednesday, March 4th. Erste Group Bank analyst S. Lingnau forecasts that the company will post earnings of $5.99 per share for the year. The consensus estimate for Nestle’s current full-year earnings is $5.01 per share.

Other analysts have also issued reports about the company. Morgan Stanley reissued an “underweight” rating on shares of Nestle in a report on Thursday, February 12th. Jefferies Financial Group restated a “hold” rating on shares of Nestle in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Nestle currently has an average rating of “Hold” and a consensus target price of $91.00.

Nestle Trading Up 1.3%

NSRGY opened at $104.04 on Monday. Nestle has a fifty-two week low of $86.98 and a fifty-two week high of $109.59. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.41 and a current ratio of 0.71. The company’s 50-day moving average is $99.26 and its 200 day moving average is $97.34.

Hedge Funds Weigh In On Nestle

Several institutional investors have recently modified their holdings of the business. Resources Management Corp CT ADV increased its position in shares of Nestle by 2,727.9% during the third quarter. Resources Management Corp CT ADV now owns 65,042 shares of the company’s stock valued at $5,969,000 after acquiring an additional 62,742 shares during the last quarter. Boston Common Asset Management LLC bought a new position in Nestle in the 3rd quarter valued at $4,259,000. Douglas Lane & Associates LLC increased its position in shares of Nestle by 5.0% during the 3rd quarter. Douglas Lane & Associates LLC now owns 924,344 shares of the company’s stock valued at $84,889,000 after purchasing an additional 44,185 shares during the last quarter. Ramirez Asset Management Inc. increased its position in shares of Nestle by 88.8% during the 3rd quarter. Ramirez Asset Management Inc. now owns 57,151 shares of the company’s stock valued at $5,249,000 after purchasing an additional 26,888 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. raised its stake in shares of Nestle by 57.1% during the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 37,160 shares of the company’s stock worth $3,671,000 after purchasing an additional 13,510 shares during the period. 0.61% of the stock is owned by institutional investors.

About Nestle

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.