Univar Inc Expected to Earn FY2018 Earnings of $1.61 Per Share (UNVR)
Univar Inc (NYSE:UNVR) – Equities researchers at SunTrust Banks dropped their FY2018 EPS estimates for Univar in a research note issued on Wednesday, November 7th. SunTrust Banks analyst J. Sheehan now forecasts that the basic materials company will earn $1.61 per share for the year, down from their previous estimate of $1.66. SunTrust Banks also issued estimates for Univar’s Q4 2018 earnings at $0.32 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.48 EPS and Q4 2019 earnings at $0.46 EPS.
Univar (NYSE:UNVR) last released its earnings results on Tuesday, November 6th. The basic materials company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.02). The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.18 billion. Univar had a net margin of 2.30% and a return on equity of 19.82%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the business posted $0.36 earnings per share.
NYSE:UNVR opened at $22.28 on Monday. Univar has a 12-month low of $20.08 and a 12-month high of $31.95. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.14 and a current ratio of 1.77. The firm has a market capitalization of $3.24 billion, a PE ratio of 16.03, a P/E/G ratio of 1.25 and a beta of 1.41.
In other Univar news, VP Jeffrey W. Carr bought 1,500 shares of Univar stock in a transaction on Thursday, November 8th. The shares were purchased at an average cost of $23.29 per share, for a total transaction of $34,935.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher D. Pappas bought 10,000 shares of Univar stock in a transaction on Thursday, November 8th. The shares were acquired at an average price of $23.11 per share, for a total transaction of $231,100.00. The disclosure for this purchase can be found here. Insiders bought a total of 22,750 shares of company stock worth $584,575 over the last 90 days. 0.55% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Chicago Equity Partners LLC bought a new position in Univar during the second quarter worth about $201,000. Jane Street Group LLC bought a new position in Univar during the first quarter worth about $221,000. NumerixS Investment Technologies Inc lifted its holdings in Univar by 148.6% during the second quarter. NumerixS Investment Technologies Inc now owns 8,700 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 5,200 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Univar during the third quarter worth about $245,000. Finally, HM Capital Management LLC bought a new position in Univar during the third quarter worth about $253,000. Hedge funds and other institutional investors own 91.73% of the company’s stock.
Univar Company Profile
Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, fertilizers, and feeds; storage, packaging, and logistics services for crop protection companies, storing chemicals, feed-grade materials, and seed and equipment parties; and pest control products and equipment.
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