Univar Inc (NYSE:UNVR) Expected to Announce Earnings of $0.44 Per Share

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Equities analysts expect Univar Inc (NYSE:UNVR) to report earnings of $0.44 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Univar’s earnings, with estimates ranging from $0.39 to $0.49. Univar posted earnings of $0.47 per share during the same quarter last year, which would indicate a negative year over year growth rate of 6.4%. The business is scheduled to report its next earnings report before the market opens on Monday, August 5th.

According to Zacks, analysts expect that Univar will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.40 to $1.82. For the next year, analysts anticipate that the firm will post earnings of $1.94 per share, with EPS estimates ranging from $1.75 to $2.18. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Univar.

Univar (NYSE:UNVR) last announced its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.10. Univar had a net margin of 0.50% and a return on equity of 16.35%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The firm’s revenue was up .1% on a year-over-year basis.

A number of brokerages recently commented on UNVR. Zacks Investment Research raised shares of Global Ship Lease from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective on the stock in a research report on Monday, June 3rd. Wells Fargo & Co set a $27.00 target price on shares of Univar and gave the company a “buy” rating in a research note on Monday, April 8th. Berenberg Bank reiterated a “hold” rating and issued a GBX 640 ($8.36) target price on shares of Hunting in a research note on Wednesday, April 17th. Finally, Goldman Sachs Group set a €45.00 ($52.33) target price on shares of Deutsche Post and gave the company a “buy” rating in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $26.80.

Shares of UNVR opened at $20.47 on Friday. The company’s 50 day moving average is $21.35. Univar has a 52 week low of $16.33 and a 52 week high of $31.23. The stock has a market capitalization of $3.48 billion, a P/E ratio of 12.64, a PEG ratio of 1.38 and a beta of 1.55. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.04 and a quick ratio of 1.45.

In other news, Director Christopher D. Pappas acquired 10,000 shares of Univar stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of $22.41 per share, for a total transaction of $224,100.00. Following the completion of the purchase, the director now owns 11,911 shares of the company’s stock, valued at $266,925.51. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Univar by 3.2% during the 4th quarter. BlackRock Inc. now owns 4,811,404 shares of the basic materials company’s stock valued at $85,354,000 after purchasing an additional 147,168 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Univar by 28.5% in the 4th quarter. Bank of New York Mellon Corp now owns 461,493 shares of the basic materials company’s stock worth $8,187,000 after buying an additional 102,447 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Univar by 21.6% in the 4th quarter. Great West Life Assurance Co. Can now owns 13,991 shares of the basic materials company’s stock worth $239,000 after buying an additional 2,485 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Univar by 28.4% in the 4th quarter. Hsbc Holdings PLC now owns 16,085 shares of the basic materials company’s stock worth $285,000 after buying an additional 3,561 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Univar by 25.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,542,522 shares of the basic materials company’s stock worth $27,364,000 after buying an additional 310,016 shares during the last quarter. 95.02% of the stock is currently owned by institutional investors and hedge funds.

About Univar

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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