Brokerages Anticipate Univar Inc (NYSE:UNVR) Will Post Quarterly Sales of $2.81 Billion
Analysts expect Univar Inc (NYSE:UNVR) to report $2.81 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Univar’s earnings, with estimates ranging from $2.78 billion to $2.84 billion. Univar reported sales of $2.37 billion during the same quarter last year, which indicates a positive year over year growth rate of 18.6%. The business is scheduled to issue its next quarterly earnings results before the market opens on Monday, August 5th.
According to Zacks, analysts expect that Univar will report full year sales of $10.29 billion for the current year, with estimates ranging from $10.12 billion to $10.53 billion. For the next year, analysts forecast that the company will post sales of $10.93 billion, with estimates ranging from $10.43 billion to $11.29 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Univar.
Univar (NYSE:UNVR) last released its quarterly earnings results on Thursday, May 9th. The basic materials company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.10. The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Univar had a net margin of 0.50% and a return on equity of 16.35%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share.
NYSE UNVR traded up $0.14 during trading hours on Monday, hitting $22.27. The company’s stock had a trading volume of 1,212,506 shares, compared to its average volume of 1,526,799. Univar has a 12 month low of $16.33 and a 12 month high of $31.23. The stock has a 50 day moving average price of $21.40. The company has a market capitalization of $3.76 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.49 and a beta of 1.54. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.45 and a current ratio of 2.04.
In related news, Director Christopher D. Pappas purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $22.41 per share, for a total transaction of $224,100.00. Following the acquisition, the director now owns 11,911 shares of the company’s stock, valued at approximately $266,925.51. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC purchased a new stake in shares of Univar during the 1st quarter worth $27,000. Meeder Asset Management Inc. lifted its stake in shares of Univar by 291.7% during the 1st quarter. Meeder Asset Management Inc. now owns 1,849 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,377 shares during the last quarter. Machina Capital S.A.S. purchased a new stake in shares of Univar during the 2nd quarter worth $46,000. Marshall Wace North America L.P. purchased a new stake in shares of Univar during the 1st quarter worth $49,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Univar during the 2nd quarter worth $55,000. 95.02% of the stock is currently owned by institutional investors.
Univar Inc distributes commodity and specialty chemical products, and related services worldwide. It offers herbicides, fungicides, insecticides, seeds, micro and macro nutrients, horticultural products, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.
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