Univar (NYSE:UNVR) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ~$1.60 for the period, compared to the Thomson Reuters consensus estimate of $1.75. Univar also updated its 2017 guidance to EPS.
A number of equities analysts have weighed in on the company. Wells Fargo & Co set a $27.00 target price on Univar and gave the stock a buy rating in a research note on Wednesday. ValuEngine lowered Univar from a sell rating to a strong sell rating in a research note on Tuesday. Deutsche Bank restated a buy rating and issued a $35.00 target price on shares of Univar in a research note on Friday, September 21st. Berenberg Bank upgraded Univar from a hold rating to a buy rating and set a $24.00 target price on the stock in a research note on Tuesday, September 4th. Finally, Barclays decreased their target price on Univar from $32.00 to $30.00 and set an equal weight rating on the stock in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $29.40.
Shares of Univar stock traded up $0.86 during trading on Wednesday, hitting $23.06. 269,034 shares of the stock traded hands, compared to its average volume of 1,474,221. The company has a current ratio of 1.65, a quick ratio of 1.08 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $3.63 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.56 and a beta of 1.41. Univar has a 52 week low of $20.08 and a 52 week high of $31.95.
Univar (NYSE:UNVR) last announced its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.18 billion. Univar had a net margin of 2.19% and a return on equity of 19.85%. Univar’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.36 earnings per share. As a group, analysts predict that Univar will post 1.69 earnings per share for the current fiscal year.
In other news, Director Kerry J. Preete acquired 8,250 shares of Univar stock in a transaction dated Monday, September 24th. The shares were purchased at an average cost of $30.24 per share, for a total transaction of $249,480.00. Following 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 SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.
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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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