Brokerages Anticipate Univar Inc. (UNVR) Will Announce Quarterly Sales of $2.27 Billion
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.
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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.
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.
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