Equities research analysts expect Nexeo Solutions (NASDAQ:NXEO) to report $996.84 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Nexeo Solutions’ earnings, with the lowest sales estimate coming in at $987.00 million and the highest estimate coming in at $1.01 billion. Nexeo Solutions posted sales of $917.70 million during the same quarter last year, which suggests a positive year over year growth rate of 8.6%. The business is expected to report its next earnings report on Monday, January 1st.
On average, analysts expect that Nexeo Solutions will report full-year sales of $996.84 million for the current fiscal year, with estimates ranging from $3.93 billion to $3.98 billion. For the next year, analysts forecast that the firm will report sales of $4.21 billion per share, with estimates ranging from $4.17 billion to $4.26 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Nexeo Solutions.
Nexeo Solutions (NASDAQ:NXEO) last posted its earnings results on Wednesday, February 7th. The basic materials company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.08. Nexeo Solutions had a net margin of 1.30% and a return on equity of 22.12%. The firm had revenue of $929.60 million for the quarter, compared to analysts’ expectations of $886.00 million.
Several hedge funds have recently modified their holdings of NXEO. Allianz Asset Management GmbH purchased a new stake in shares of Nexeo Solutions during the 4th quarter worth approximately $5,208,000. Millennium Management LLC increased its stake in shares of Nexeo Solutions by 301.1% during the 4th quarter. Millennium Management LLC now owns 546,901 shares of the basic materials company’s stock worth $4,977,000 after purchasing an additional 410,548 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Nexeo Solutions during the 4th quarter worth approximately $2,889,000. State Street Corp increased its stake in shares of Nexeo Solutions by 497.3% during the 2nd quarter. State Street Corp now owns 319,541 shares of the basic materials company’s stock worth $2,650,000 after purchasing an additional 266,041 shares during the last quarter. Finally, Walthausen & Co. LLC increased its stake in shares of Nexeo Solutions by 20.9% during the 3rd quarter. Walthausen & Co. LLC now owns 1,500,676 shares of the basic materials company’s stock worth $10,955,000 after purchasing an additional 259,250 shares during the last quarter. Institutional investors own 94.72% of the company’s stock.
Nexeo Solutions stock traded down $0.06 during trading on Friday, hitting $9.95. 353,848 shares of the company’s stock traded hands, compared to its average volume of 260,459. Nexeo Solutions has a 1 year low of $6.74 and a 1 year high of $10.70. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.46 and a current ratio of 2.31. The company has a market cap of $921.64, a PE ratio of 15.55, a P/E/G ratio of 0.41 and a beta of 1.21.
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Nexeo Solutions Company Profile
Nexeo Solutions, Inc operates as a chemical and plastic products distributor in North America, Europe, the Middle East, Africa, and Asia. The company operates through Chemicals, Plastics, and Environmental Services segments. It provides approximately 22,000 products used in various industries, including household, industrial and institutional, lubricants, architectural coatings, adhesives, sealants, elastomers, automotive, healthcare, personal care, oil and gas, and construction.
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