Nexeo Solutions Inc (NASDAQ:NXEO) – Equities research analysts at Jefferies Group lifted their FY2018 earnings per share estimates for Nexeo Solutions in a research note issued to investors on Tuesday. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will earn $0.80 per share for the year, up from their prior forecast of $0.60. Jefferies Group also issued estimates for Nexeo Solutions’ FY2019 earnings at $1.10 EPS.
NXEO has been the subject of several other research reports. SunTrust Banks reissued a “buy” rating and issued a $11.00 price target on shares of Nexeo Solutions in a report on Friday, November 10th. Zacks Investment Research raised shares of Nexeo Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, ValuEngine raised shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Nexeo Solutions presently has an average rating of “Hold” and an average target price of $9.33.
Shares of Nexeo Solutions (NASDAQ NXEO) traded down $0.14 during mid-day trading on Thursday, hitting $9.33. 164,000 shares of the stock traded hands, compared to its average volume of 247,008. Nexeo Solutions has a one year low of $6.74 and a one year high of $10.13. The firm has a market cap of $849.85, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 0.39 and a beta of 1.82. The company has a quick ratio of 1.46, a current ratio of 2.31 and a debt-to-equity ratio of 1.05.
Nexeo Solutions (NASDAQ:NXEO) last announced its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.08. Nexeo Solutions had a net margin of 1.30% and a return on equity of 22.12%. The company had revenue of $929.60 million during the quarter, compared to analyst estimates of $886.00 million.
In related news, insider Brian Herington acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were acquired at an average cost of $8.35 per share, with a total value of $417,500.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.57% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Gotham Asset Management LLC bought a new stake in Nexeo Solutions during the 4th quarter worth about $111,000. Voya Investment Management LLC bought a new stake in Nexeo Solutions during the 2nd quarter worth about $106,000. Nationwide Fund Advisors bought a new stake in Nexeo Solutions during the 2nd quarter worth about $121,000. Citadel Advisors LLC bought a new stake in Nexeo Solutions during the 3rd quarter worth about $117,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Nexeo Solutions during the 2nd quarter worth about $174,000. 94.95% of the stock is currently owned by institutional investors and hedge funds.
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Nexeo Solutions Company Profile
Nexeo Solutions Inc, formerly WL Ross Holding Corp., is global distributor of chemicals products in North America and Asia, and plastics products in North America, Europe, the Middle East and Africa (EMEA) and Asia. The Company provides services, such as custom blending, packaging and re-packaging, private-label manufacturing and product testing in the form of chemical analysis, product performance analysis and product development.
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