Brokerages expect Univar Inc. (NYSE:UNVR) to report sales of $2.27 billion for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Univar’s earnings. The lowest sales estimate is $2.24 billion and the highest is $2.29 billion. Univar posted sales of $2.26 billion during the same quarter last year, which would indicate a positive year over year growth rate of 0.4%. The business is scheduled to issue its next earnings report on Tuesday, August 8th.

According to Zacks, analysts expect that Univar will report full-year sales of $2.27 billion for the current financial year, with estimates ranging from $8.09 billion to $8.31 billion. For the next year, analysts anticipate that the firm will report sales of $8.55 billion per share, with estimates ranging from $8.49 billion to $8.67 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Univar.

Univar (NYSE:UNVR) last announced its earnings results on Friday, May 5th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.95 billion. Univar had a positive return on equity of 14.58% and a negative net margin of 0.74%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 earnings per share.

Several research firms have weighed in on UNVR. BidaskClub downgraded shares of Univar from a “hold” rating to a “sell” rating in a research note on Friday. Jefferies Group LLC reissued a “buy” rating and issued a $39.00 price target (up from $36.00) on shares of Univar in a research note on Wednesday, May 17th. Finally, Zacks Investment Research downgraded shares of Univar from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Univar presently has a consensus rating of “Buy” and an average price target of $30.83.

COPYRIGHT VIOLATION WARNING: “Brokerages Anticipate Univar Inc. (UNVR) Will Announce Quarterly Sales of $2.27 Billion” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/07/16/brokerages-anticipate-univar-inc-unvr-will-announce-quarterly-sales-of-2-27-billion-updated-updated-updated.html.

Several institutional investors have recently modified their holdings of UNVR. Norges Bank purchased a new position in shares of Univar during the fourth quarter valued at approximately $33,131,000. Russell Investments Group Ltd. purchased a new position in shares of Univar during the fourth quarter valued at approximately $692,000. Hennessy Advisors Inc. purchased a new position in shares of Univar during the first quarter valued at approximately $4,093,000. Dimensional Fund Advisors LP increased its position in shares of Univar by 94.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 419,637 shares of the basic materials company’s stock valued at $11,905,000 after buying an additional 203,800 shares during the period. Finally, State Street Corp increased its position in shares of Univar by 4.6% in the fourth quarter. State Street Corp now owns 827,696 shares of the basic materials company’s stock valued at $23,481,000 after buying an additional 36,559 shares during the period. 96.55% of the stock is owned by hedge funds and other institutional investors.

Univar (NYSE:UNVR) opened at 29.35 on Friday. The company’s 50-day moving average price is $30.86 and its 200 day moving average price is $29.61. The company’s market capitalization is $4.11 billion. Univar has a 12 month low of $17.00 and a 12 month high of $33.15.

About Univar

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.

Get a free copy of the Zacks research report on Univar (UNVR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Univar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Univar Inc. and related stocks with our FREE daily email newsletter.