FY2017 Earnings Forecast for Unilever NV (UN) Issued By Jefferies Group
Unilever NV (NYSE:UN) – Equities researchers at Jefferies Group dropped their FY2017 earnings per share (EPS) estimates for shares of Unilever NV in a research report issued to clients and investors on Monday. Jefferies Group analyst M. Deboo now forecasts that the company will post earnings of $2.73 per share for the year, down from their previous forecast of $2.74. Jefferies Group also issued estimates for Unilever NV’s FY2018 earnings at $2.98 EPS, FY2019 earnings at $3.35 EPS and FY2020 earnings at $3.77 EPS.
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A number of other research analysts have also weighed in on UN. Zacks Investment Research lowered Unilever NV from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Royal Bank Of Canada lowered Unilever NV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, August 10th. BidaskClub upgraded Unilever NV from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. UBS AG restated a “neutral” rating on shares of Unilever NV in a research report on Monday, July 17th. Finally, J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever NV in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $66.00.
Shares of Unilever NV (NYSE:UN) opened at 59.20 on Thursday. The company has a market cap of $166.50 billion, a price-to-earnings ratio of 24.27 and a beta of 0.89. The firm’s 50-day moving average price is $59.38 and its 200 day moving average price is $55.83. Unilever NV has a 52 week low of $38.41 and a 52 week high of $60.90.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Friday, August 4th were issued a $0.352 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, August 2nd.
Several large investors have recently made changes to their positions in the stock. Curbstone Financial Management Corp lifted its holdings in shares of Unilever NV by 107.9% in the 3rd quarter. Curbstone Financial Management Corp now owns 15,490 shares of the company’s stock valued at $915,000 after acquiring an additional 8,040 shares during the last quarter. Bath Savings Trust Co bought a new position in shares of Unilever NV in the 3rd quarter valued at about $207,000. Intl Fcstone Inc. bought a new position in shares of Unilever NV in the 2nd quarter valued at about $554,000. Griffin Asset Management Inc. bought a new position in shares of Unilever NV in the 2nd quarter valued at about $360,000. Finally, Advisory Services Network LLC lifted its holdings in shares of Unilever NV by 400.1% in the 2nd quarter. Advisory Services Network LLC now owns 19,142 shares of the company’s stock valued at $1,058,000 after acquiring an additional 15,314 shares during the last quarter. 8.97% of the stock is owned by hedge funds and other institutional investors.
Unilever NV Company Profile
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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