Analysts expect that Univar Inc. (NYSE:UNVR) will announce earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Univar’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.35. Univar reported earnings per share of $0.29 during the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The company is expected to report its next quarterly earnings results before the market opens on Friday, August 4th.
According to Zacks, analysts expect that Univar will report full-year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.00 to $1.17. For the next fiscal year, analysts anticipate that the company will post earnings of $1.51 per share, with EPS estimates ranging from $1.21 to $1.70. 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 released its quarterly earnings results on Friday, May 5th. The basic materials company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Univar had a positive return on equity of 14.58% and a negative net margin of 0.74%. The firm’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS.
A number of research analysts recently weighed in on UNVR shares. Jefferies Group LLC reissued a “buy” rating and issued a $36.00 price objective on shares of Univar in a research note on Tuesday, May 2nd. Zacks Investment Research lowered Univar from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Berenberg Bank initiated coverage on Univar in a report on Thursday, July 6th. They issued a “sell” rating and a $24.00 target price on the stock. Finally, BidaskClub lowered Univar from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Univar currently has an average rating of “Hold” and an average price target of $29.86.
Univar (UNVR) remained flat at $29.37 during trading on Tuesday. The company had a trading volume of 436,761 shares. The company’s market capitalization is $4.12 billion. Univar has a 1-year low of $17.00 and a 1-year high of $33.15. The stock’s 50-day moving average is $30.52 and its 200-day moving average is $29.88.
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Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in shares of Univar by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,350,559 shares of the basic materials company’s stock valued at $72,068,000 after buying an additional 37,547 shares during the last quarter. Credit Suisse AG raised its stake in shares of Univar by 62.7% in the first quarter. Credit Suisse AG now owns 99,534 shares of the basic materials company’s stock valued at $3,051,000 after buying an additional 38,368 shares during the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Univar by 179.8% in the first quarter. Tudor Investment Corp ET AL now owns 130,100 shares of the basic materials company’s stock valued at $3,989,000 after buying an additional 83,597 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Univar during the first quarter valued at $1,834,000. Finally, AQR Capital Management LLC raised its stake in shares of Univar by 173.4% in the first quarter. AQR Capital Management LLC now owns 111,870 shares of the basic materials company’s stock valued at $3,430,000 after buying an additional 70,955 shares during the last quarter. 96.55% of the stock is currently owned by institutional investors.
Univar Company Profile
Univar Inc is a distributor of commodity and specialty chemicals. The Company operates through four segments: Univar USA (USA); Univar Canada (Canada); Univar Europe and the Middle East and Africa (EMEA), and Rest of World. The Company’s USA segment supplies a range of commodity and specialty chemicals, as well as services to a range of end markets, including manufacturing and industrial production sectors in the United States.
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