Wall Street brokerages forecast that Univar Inc (NYSE:UNVR) will announce earnings of $0.38 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Univar’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.35. Univar reported earnings per share of $0.19 during the same quarter last year, which suggests a positive year-over-year growth rate of 100%. The company is expected to report its next earnings results on Friday, May 4th.
On average, analysts expect that Univar will report full-year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.67 to $1.80. For the next year, analysts expect that the firm will post earnings of $2.01 per share, with EPS estimates ranging from $1.85 to $2.25. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Univar.
Univar (NYSE:UNVR) last announced its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.09. Univar had a return on equity of 17.25% and a net margin of 1.45%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the company posted $0.25 earnings per share. Univar’s revenue for the quarter was up 8.1% on a year-over-year basis.
UNVR has been the subject of a number of analyst reports. Zacks Investment Research downgraded Univar from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. ValuEngine cut Univar from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. SunTrust Banks upgraded Univar from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Deutsche Bank set a $34.00 price objective on Univar and gave the company a “hold” rating in a research report on Wednesday, March 7th. Finally, TheStreet upgraded Univar from a “c+” rating to a “b-” rating in a research report on Monday, April 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.67.
In other news, major shareholder Dahlia Investments Pte. Ltd. sold 75,587 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $31.14, for a total value of $2,353,779.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 93,587 shares of company stock valued at $2,914,052 over the last 90 days. Company insiders own 0.55% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Univar by 45.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,202 shares of the basic materials company’s stock worth $192,000 after purchasing an additional 1,941 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Univar by 6.0% during the fourth quarter. Guggenheim Capital LLC now owns 41,666 shares of the basic materials company’s stock worth $1,291,000 after purchasing an additional 2,345 shares in the last quarter. State of Wisconsin Investment Board increased its position in shares of Univar by 11.3% during the fourth quarter. State of Wisconsin Investment Board now owns 23,442 shares of the basic materials company’s stock worth $726,000 after purchasing an additional 2,377 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Univar by 16.5% during the fourth quarter. Verition Fund Management LLC now owns 19,574 shares of the basic materials company’s stock worth $606,000 after purchasing an additional 2,769 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Univar by 125.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,262 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 2,932 shares in the last quarter. Hedge funds and other institutional investors own 98.18% of the company’s stock.
NYSE:UNVR traded up $0.22 during trading hours on Monday, reaching $28.00. The company had a trading volume of 691,470 shares, compared to its average volume of 976,878. Univar has a 1-year low of $25.79 and a 1-year high of $32.53. The company has a market capitalization of $3,920.25, a PE ratio of 20.14, a PEG ratio of 1.89 and a beta of 1.21. The company has a current ratio of 1.77, a quick ratio of 1.18 and a debt-to-equity ratio of 2.59.
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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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