Diversey (NASDAQ:DSEY) Issues Earnings Results, Misses Estimates By $0.01 EPS

Diversey (NASDAQ:DSEY – Get Rating) issued its quarterly earnings data on Friday. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01), Briefing.com reports. The business had revenue of $701.60 million during the quarter, compared to the consensus estimate of $695.41 million. Diversey had a positive return on equity of 15.06% and a negative net margin of 5.32%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company earned ($0.11) earnings per share. Diversey updated its FY 2022 guidance to -$0.53–$0.53 EPS.

Diversey Trading Down 1.7 %

DSEY opened at $7.96 on Friday. The stock has a fifty day moving average of $6.12 and a 200-day moving average of $5.41. Diversey has a 12-month low of $3.95 and a 12-month high of $10.68. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.94 and a current ratio of 1.35.

Analyst Ratings Changes

DSEY has been the subject of a number of research analyst reports. Credit Suisse Group downgraded Diversey from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $9.00 to $8.40 in a research report on Monday, March 13th. Morgan Stanley downgraded Diversey from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $8.00 to $8.40 in a research report on Thursday, March 9th. Mizuho upped their target price on Diversey from $6.00 to $8.40 and gave the stock a “neutral” rating in a research report on Monday, March 13th. The Goldman Sachs Group cut their target price on Diversey from $7.70 to $6.70 and set a “neutral” rating for the company in a research report on Tuesday, January 10th. Finally, BMO Capital Markets upped their target price on Diversey from $5.80 to $8.40 and gave the stock a “market perform” rating in a research report on Thursday, March 9th. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat, Diversey presently has an average rating of “Hold” and a consensus price target of $7.97.

Institutional Trading of Diversey

Hedge funds have recently modified their holdings of the business. Point72 Middle East FZE purchased a new stake in shares of Diversey in the fourth quarter valued at $28,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Diversey in the third quarter valued at $60,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Diversey in the second quarter valued at $62,000. Citigroup Inc. lifted its holdings in shares of Diversey by 110.7% in the first quarter. Citigroup Inc. now owns 8,929 shares of the company’s stock valued at $67,000 after purchasing an additional 4,691 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Diversey in the second quarter valued at $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.