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.

UNVR has been the topic of several other reports. ValuEngine lowered Univar from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 6th. Wells Fargo & Co set a $27.00 price target on Univar and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Berenberg Bank upgraded Univar from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, September 4th. Goldman Sachs Group upgraded Univar from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, August 2nd. Finally, Barclays reduced their price target on Univar from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Univar presently has an average rating of “Buy” and a consensus target price of $29.40.

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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Earnings History and Estimates for Univar (NYSE:UNVR)

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