Nielsen N.V. (NLSN) Expected to Post Quarterly Sales of $1.64 Billion
Wall Street analysts forecast that Nielsen N.V. (NYSE:NLSN) will announce sales of $1.64 billion for the current quarter, Zacks reports. Seven analysts have provided estimates for Nielsen N.V.’s earnings. The highest sales estimate is $1.66 billion and the lowest is $1.62 billion. Nielsen N.V. posted sales of $1.57 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.5%. The firm is expected to announce its next quarterly earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that Nielsen N.V. will report full year sales of $1.64 billion for the current financial year, with estimates ranging from $6.52 billion to $6.59 billion. For the next financial year, analysts expect that the business will post sales of $6.81 billion per share, with estimates ranging from $6.73 billion to $6.92 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Nielsen N.V..
Nielsen N.V. (NYSE:NLSN) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.14). The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.65 billion. Nielsen N.V. had a return on equity of 15.96% and a net margin of 7.68%. Nielsen N.V.’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Nielsen N.V. from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 17th. Pivotal Research reiterated a “hold” rating and issued a $38.00 price target on shares of Nielsen N.V. in a research note on Sunday, September 10th. BidaskClub upgraded Nielsen N.V. from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price target on shares of Nielsen N.V. in a research note on Tuesday, September 12th. Finally, TheStreet upgraded Nielsen N.V. from a “c” rating to a “b-” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.64.
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Nielsen N.V. (NYSE:NLSN) opened at 39.85 on Monday. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of 29.05 and a beta of 1.00. Nielsen N.V. has a 1-year low of $36.96 and a 1-year high of $54.99. The firm has a 50-day moving average price of $40.34 and a 200-day moving average price of $40.30.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 24th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 3.41%. Nielsen N.V.’s dividend payout ratio is currently 99.27%.
In related news, insider Stephen Hasker sold 20,930 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $43.00, for a total transaction of $899,990.00. Following the sale, the insider now owns 79,341 shares in the company, valued at approximately $3,411,663. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffrey Charlton sold 3,762 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $49.21, for a total value of $185,128.02. The disclosure for this sale can be found here. Insiders have sold a total of 43,312 shares of company stock worth $1,811,484 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in Nielsen N.V. by 4,459.8% during the 1st quarter. BlackRock Inc. now owns 30,913,604 shares of the business services provider’s stock worth $1,277,040,000 after buying an additional 30,235,644 shares during the period. Capital Research Global Investors lifted its holdings in Nielsen N.V. by 21.2% during the 2nd quarter. Capital Research Global Investors now owns 38,007,292 shares of the business services provider’s stock worth $1,469,362,000 after buying an additional 6,648,088 shares during the period. Vontobel Asset Management Inc. acquired a new position in Nielsen N.V. during the 2nd quarter worth about $177,700,000. FMR LLC lifted its holdings in Nielsen N.V. by 274.4% during the 2nd quarter. FMR LLC now owns 3,952,896 shares of the business services provider’s stock worth $152,819,000 after buying an additional 2,897,137 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Nielsen N.V. by 143.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,877,253 shares of the business services provider’s stock worth $188,555,000 after buying an additional 2,870,282 shares during the period. Institutional investors and hedge funds own 96.29% of the company’s stock.
Nielsen N.V. Company Profile
Nielsen N.V. (Nielsen), formerly Nielsen Holdings N.V., is an information and measurement company. The Company is engaged in providing clients with an understanding of consumers and consumer behavior. The Company delivers media and marketing information, and analytics on a global and local basis. Nielsen operates through two business segments: Buy and Watch.
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