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.
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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