Wall Street brokerages predict that Nielsen Holdings PLC (NYSE:NLSN) will post $0.42 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Nielsen’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.45. Nielsen reported earnings of $0.49 per share in the same quarter last year, which would indicate a negative year over year growth rate of 14.3%. The company is expected to announce its next earnings results on Thursday, October 24th.
According to Zacks, analysts expect that Nielsen will report full year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.78. For the next year, analysts expect that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.67 to $1.85. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Nielsen.
Nielsen (NYSE:NLSN) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.12. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Nielsen had a positive return on equity of 18.97% and a negative net margin of 10.70%. Nielsen’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share.
Several brokerages recently commented on NLSN. ValuEngine raised Nielsen from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley reduced their price target on Nielsen from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Citigroup set a $28.00 price target on Nielsen and gave the company a “buy” rating in a research report on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Nielsen has a consensus rating of “Hold” and a consensus price target of $26.33.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Capital Group LLC boosted its position in Nielsen by 2,265.9% during the second quarter. Private Capital Group LLC now owns 970 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 929 shares during the last quarter. Bessemer Group Inc. boosted its position in Nielsen by 675.1% during the second quarter. Bessemer Group Inc. now owns 1,961 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,708 shares during the last quarter. CSat Investment Advisory L.P. boosted its position in Nielsen by 66.5% during the second quarter. CSat Investment Advisory L.P. now owns 1,998 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 798 shares during the last quarter. NuWave Investment Management LLC boosted its position in Nielsen by 2,320.6% during the second quarter. NuWave Investment Management LLC now owns 3,413 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 3,272 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in Nielsen during the second quarter valued at approximately $163,000. 96.17% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:NLSN traded up $0.45 during mid-day trading on Friday, reaching $20.71. 59,071 shares of the stock were exchanged, compared to its average volume of 2,944,201. The stock’s 50 day simple moving average is $21.28 and its 200-day simple moving average is $23.09. Nielsen has a one year low of $19.86 and a one year high of $28.50. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.90. The company has a market cap of $7.21 billion, a P/E ratio of 12.01, a P/E/G ratio of 1.00 and a beta of 0.92.
Nielsen Company Profile
Nielsen Holdings plc, together with its subsidiaries, operates as a measurement and data analytics company. It operates in two segments, Buy and Watch. The Buy segment provides retail transactional measurement data, consumer behavior information, and analytics primarily to businesses in the consumer packaged goods industry.
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