Brokerages Expect Univar Inc (UNVR) Will Announce Earnings of $0.42 Per Share

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Wall Street brokerages expect that Univar Inc (NYSE:UNVR) will announce earnings of $0.42 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Univar’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.40. Univar reported earnings per share of $0.36 during the same quarter last year, which indicates a positive year-over-year growth rate of 16.7%. The company is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, November 6th.

According to Zacks, analysts expect that Univar will report full-year earnings of $1.69 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $1.70. For the next financial year, analysts expect that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.95 to $2.20. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Univar.

Univar (NYSE:UNVR) last issued its earnings results on Wednesday, August 1st. The basic materials company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. Univar had a return on equity of 19.85% and a net margin of 2.19%. Univar’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS.

A number of brokerages have weighed in on UNVR. ValuEngine lowered shares of Univar from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Deutsche Bank reiterated a “buy” rating and set a $35.00 target price on shares of Univar in a research report on Friday, September 21st. Berenberg Bank upgraded shares of Univar from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. Zacks Investment Research upgraded shares of Univar from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Goldman Sachs Group upgraded shares of Univar from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Univar has an average rating of “Buy” and a consensus target price of $30.00.

In other news, Director Kerry J. Preete acquired 8,250 shares of the business’s stock in a transaction dated Monday, September 24th. The stock was bought at an average cost of $30.24 per share, for a total transaction of $249,480.00. Following the completion of the transaction, the director now owns 7,933 shares of the company’s stock, valued at $239,893.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.82% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB boosted its position in shares of Univar by 16.3% in the second quarter. Xact Kapitalforvaltning AB now owns 17,139 shares of the basic materials company’s stock valued at $450,000 after acquiring an additional 2,400 shares during the period. Kornitzer Capital Management Inc. KS boosted its position in shares of Univar by 0.7% in the second quarter. Kornitzer Capital Management Inc. KS now owns 374,782 shares of the basic materials company’s stock valued at $9,834,000 after acquiring an additional 2,622 shares during the period. Amalgamated Bank boosted its position in shares of Univar by 17.0% in the first quarter. Amalgamated Bank now owns 24,255 shares of the basic materials company’s stock valued at $673,000 after acquiring an additional 3,533 shares during the period. Point72 Asia Hong Kong Ltd bought a new position in shares of Univar in the first quarter valued at approximately $109,000. Finally, NumerixS Investment Technologies Inc boosted its position in shares of Univar by 148.6% in the second quarter. NumerixS Investment Technologies Inc now owns 8,700 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 5,200 shares during the period. Institutional investors own 91.43% of the company’s stock.

Shares of NYSE:UNVR opened at $27.47 on Tuesday. 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 stock has a market cap of $3.99 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.71 and a beta of 1.18. Univar has a twelve month low of $25.54 and a twelve month high of $31.95.

Univar Company Profile

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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