Brokerages Anticipate Univar Inc (UNVR) Will Announce Quarterly Sales of $2.02 Billion

Analysts expect that Univar Inc (NYSE:UNVR) will report $2.02 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Univar’s earnings. The lowest sales estimate is $2.01 billion and the highest is $2.05 billion. Univar posted sales of $1.96 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The business is expected to announce its next earnings results on Wednesday, February 27th.

On average, analysts expect that Univar will report full year sales of $8.69 billion for the current year, with estimates ranging from $8.67 billion to $8.71 billion. For the next financial year, analysts forecast that the business will report sales of $8.84 billion, with estimates ranging from $8.67 billion to $8.99 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Univar.

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 analysts’ consensus estimates of $0.42 by ($0.02). Univar had a return on equity of 19.82% and a net margin of 2.30%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the firm earned $0.36 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis.

UNVR has been the subject of a number of analyst reports. Berenberg Bank set a $27.00 price objective on Univar and gave the stock a “buy” rating in a research note on Friday, November 23rd. TheStreet cut Univar from a “b-” rating to a “c+” rating in a research note on Tuesday. ValuEngine cut Univar from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Deutsche Bank reissued a “buy” rating and issued a $35.00 target price on shares of Univar in a research note on Friday, September 21st. Finally, Wells Fargo & Co set a $27.00 target price on Univar and gave the company a “buy” rating in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.00.

In other news, VP Jeffrey W. Carr acquired 1,500 shares of Univar stock in a transaction dated Thursday, November 8th. The stock was bought at an average cost of $23.29 per share, with a total value of $34,935.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen D. Newlin acquired 3,000 shares of Univar stock in a transaction dated Thursday, November 8th. The shares were purchased at an average cost of $23.02 per share, with a total value of $69,060.00. The disclosure for this purchase can be found here. Insiders have bought 22,750 shares of company stock valued at $584,575 over the last ninety days. 1.82% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chicago Equity Partners LLC bought a new stake in Univar during the second quarter worth about $201,000. Campbell & CO Investment Adviser LLC bought a new stake in Univar during the third quarter worth about $245,000. HM Capital Management LLC bought a new stake in Univar during the third quarter worth about $253,000. NumerixS Investment Technologies Inc raised its holdings in Univar by 148.6% during the second quarter. NumerixS Investment Technologies Inc now owns 8,700 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 5,200 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in Univar during the second quarter worth about $260,000. Institutional investors and hedge funds own 93.66% of the company’s stock.

Shares of Univar stock traded down $0.02 during trading on Tuesday, reaching $19.89. 9,351 shares of the company were exchanged, compared to its average volume of 1,133,153. The company has a quick ratio of 1.14, a current ratio of 1.77 and a debt-to-equity ratio of 2.07. Univar has a twelve month low of $19.47 and a twelve month high of $31.95. The stock has a market cap of $2.89 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.37.

About Univar

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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