Brokerages Anticipate Nexeo Solutions (NXEO) to Announce $0.19 Earnings Per Share

Equities research analysts expect Nexeo Solutions (NASDAQ:NXEO) to announce $0.19 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Nexeo Solutions’ earnings, with estimates ranging from $0.15 to $0.23. Nexeo Solutions posted earnings per share of $0.12 in the same quarter last year, which suggests a positive year-over-year growth rate of 58.3%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Nexeo Solutions will report full year earnings of $0.80 per share for the current financial year, with EPS estimates ranging from $0.71 to $0.88. For the next financial year, analysts forecast that the business will report earnings of $0.96 per share, with EPS estimates ranging from $0.86 to $1.10. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Nexeo Solutions.

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Nexeo Solutions (NASDAQ:NXEO) last announced its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.08. Nexeo Solutions had a return on equity of 22.12% and a net margin of 1.30%. The firm had revenue of $929.60 million for the quarter, compared to analysts’ expectations of $886.00 million.

Several analysts have issued reports on NXEO shares. Zacks Investment Research cut Nexeo Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine upgraded Nexeo Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Deutsche Bank started coverage on Nexeo Solutions in a research note on Wednesday, March 7th. They set a “hold” rating on the stock. Finally, Jefferies Group upgraded Nexeo Solutions from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Monday, March 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Nexeo Solutions presently has a consensus rating of “Buy” and a consensus price target of $11.38.

NASDAQ NXEO traded up $0.02 on Friday, hitting $10.87. 237,541 shares of the stock traded hands, compared to its average volume of 300,811. Nexeo Solutions has a twelve month low of $6.74 and a twelve month high of $11.00. The stock has a market capitalization of $973.69, a P/E ratio of 32.94, a PEG ratio of 0.69 and a beta of 0.27. The company has a quick ratio of 1.46, a current ratio of 2.31 and a debt-to-equity ratio of 1.05.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wittenberg Investment Management Inc. raised its stake in Nexeo Solutions by 4.1% during the fourth quarter. Wittenberg Investment Management Inc. now owns 153,750 shares of the basic materials company’s stock valued at $1,399,000 after buying an additional 6,110 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Nexeo Solutions by 17.5% during the 4th quarter. Teachers Advisors LLC now owns 55,537 shares of the basic materials company’s stock worth $505,000 after purchasing an additional 8,276 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Nexeo Solutions by 7.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 161,949 shares of the basic materials company’s stock worth $1,183,000 after purchasing an additional 11,193 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of Nexeo Solutions during the 4th quarter worth approximately $111,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Nexeo Solutions during the 3rd quarter worth approximately $117,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

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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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Earnings History and Estimates for Nexeo Solutions (NASDAQ:NXEO)

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