Zacks: Brokerages Anticipate Univar Inc (UNVR) Will Announce Quarterly Sales of $2.20 Billion

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Wall Street analysts expect Univar Inc (NYSE:UNVR) to report $2.20 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Univar’s earnings, with the lowest sales estimate coming in at $2.19 billion and the highest estimate coming in at $2.20 billion. Univar posted sales of $2.16 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.9%. The business is scheduled to report its next quarterly earnings report on Friday, February 8th.

According to Zacks, analysts expect that Univar will report full year sales of $9.25 billion for the current fiscal year, with estimates ranging from $8.65 billion to $10.11 billion. For the next financial year, analysts anticipate that the business will report sales of $9.76 billion, with estimates ranging from $8.93 billion to $10.92 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Univar.

Univar (NYSE:UNVR) last announced its quarterly earnings data on Friday, February 8th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Univar had a net margin of 2.00% and a return on equity of 19.36%. Univar’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS.

Several brokerages have issued reports on UNVR. Barclays reissued a “hold” rating and issued a $24.00 price objective on shares of Univar in a research note on Monday. Berenberg Bank set a $27.00 price objective on shares of Univar and gave the company a “buy” rating in a research note on Friday, November 23rd. ValuEngine raised shares of Univar from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Zacks Investment Research raised shares of Univar from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, TheStreet cut shares of Univar from a “b-” rating to a “c+” rating in a research note on Tuesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $28.00.

Several large investors have recently bought and sold shares of the company. Iridian Asset Management LLC CT grew its stake in shares of Univar by 29.8% during the 4th quarter. Iridian Asset Management LLC CT now owns 10,971,291 shares of the basic materials company’s stock worth $194,631,000 after purchasing an additional 2,520,455 shares during the period. FMR LLC grew its stake in shares of Univar by 2.9% during the 3rd quarter. FMR LLC now owns 10,109,059 shares of the basic materials company’s stock worth $309,944,000 after purchasing an additional 282,560 shares during the period. Vanguard Group Inc. grew its stake in shares of Univar by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,694,360 shares of the basic materials company’s stock worth $297,229,000 after purchasing an additional 193,925 shares during the period. Vanguard Group Inc grew its stake in shares of Univar by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 9,694,360 shares of the basic materials company’s stock worth $297,229,000 after purchasing an additional 193,925 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Univar by 3.2% during the 4th quarter. BlackRock Inc. now owns 4,811,404 shares of the basic materials company’s stock worth $85,354,000 after purchasing an additional 147,168 shares during the period. 94.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of UNVR opened at $22.62 on Tuesday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.14 and a current ratio of 1.77. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 1.05 and a beta of 1.56. Univar has a 1 year low of $16.33 and a 1 year high of $31.23.

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, fertilizers, and feeds; storage, packaging, and logistics services for crop protection companies, storing chemicals, feed-grade materials, and seed and equipment parties; and pest control products and equipment.

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