FY2018 Earnings Forecast for NESTLE S A/S Issued By Jefferies Financial Group (NSRGY)

Share on StockTwits

NESTLE S A/S (OTCMKTS:NSRGY) – Research analysts at Jefferies Financial Group dropped their FY2018 EPS estimates for NESTLE S A/S in a report issued on Monday, January 28th. Jefferies Financial Group analyst M. Deboo now forecasts that the company will post earnings of $3.93 per share for the year, down from their previous estimate of $3.94.

Several other equities research analysts also recently issued reports on NSRGY. Zacks Investment Research downgraded NESTLE S A/S from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Berenberg Bank upgraded NESTLE S A/S from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Societe Generale assumed coverage on NESTLE S A/S in a report on Tuesday. They issued a “buy” rating for the company. UBS Group upgraded NESTLE S A/S from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Finally, Morgan Stanley restated a “buy” rating on shares of NESTLE S A/S in a report on Tuesday, October 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $96.50.

Shares of NESTLE S A/S stock opened at $87.24 on Thursday. NESTLE S A/S has a 1 year low of $73.59 and a 1 year high of $87.25. The stock has a market capitalization of $271.50 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.16 and a beta of 0.48. The company has a quick ratio of 0.57, a current ratio of 0.80 and a debt-to-equity ratio of 0.34.

Several large investors have recently bought and sold shares of NSRGY. Confluence Investment Management LLC grew its holdings in shares of NESTLE S A/S by 75.3% during the fourth quarter. Confluence Investment Management LLC now owns 1,317,150 shares of the company’s stock worth $106,636,000 after buying an additional 565,600 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of NESTLE S A/S by 4.4% during the fourth quarter. Fisher Asset Management LLC now owns 3,409,857 shares of the company’s stock worth $276,026,000 after buying an additional 144,155 shares in the last quarter. Sustainable Growth Advisers LP bought a new position in shares of NESTLE S A/S during the third quarter worth about $5,302,000. American Research & Management Co. bought a new position in shares of NESTLE S A/S during the third quarter worth about $4,830,000. Finally, Oxbow Advisors LLC grew its holdings in shares of NESTLE S A/S by 69.9% during the third quarter. Oxbow Advisors LLC now owns 89,477 shares of the company’s stock worth $7,444,000 after buying an additional 36,800 shares in the last quarter. Institutional investors and hedge funds own 1.37% of the company’s stock.

NESTLE S A/S Company Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.

Recommended Story: Put Option

Earnings History and Estimates for NESTLE S A/S (OTCMKTS:NSRGY)

Receive News & Ratings for NESTLE S A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NESTLE S A/S and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Auryn Resources  Upgraded to “Buy” at Zacks Investment Research
Auryn Resources Upgraded to “Buy” at Zacks Investment Research
KingN Coin  Hits 24 Hour Volume of $0.00
KingN Coin Hits 24 Hour Volume of $0.00
InsaneCoin  Trading 9% Lower  Over Last 7 Days
InsaneCoin Trading 9% Lower Over Last 7 Days
Brokerages Anticipate Workday Inc  Will Post Quarterly Sales of $814.68 Million
Brokerages Anticipate Workday Inc Will Post Quarterly Sales of $814.68 Million
Brokerages Anticipate Oxford Industries Inc  Will Post Quarterly Sales of $302.96 Million
Brokerages Anticipate Oxford Industries Inc Will Post Quarterly Sales of $302.96 Million
Altair Engineering  Coverage Initiated by Analysts at Guggenheim
Altair Engineering Coverage Initiated by Analysts at Guggenheim


© 2006-2019 Ticker Report