Nexeo Solutions Inc (NASDAQ:NXEO) – Equities researchers at Jefferies Group issued their Q2 2018 earnings per share estimates for shares of Nexeo Solutions in a note issued to investors on Thursday. Jefferies Group analyst L. Alexander anticipates that the basic materials company will earn $0.16 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $8.50 price target on the stock. Jefferies Group also issued estimates for Nexeo Solutions’ Q3 2018 earnings at $0.19 EPS, FY2018 earnings at $0.60 EPS and FY2020 earnings at $1.15 EPS.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Nexeo Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. ValuEngine raised shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, SunTrust Banks reissued a “buy” rating and set a $11.00 target price on shares of Nexeo Solutions in a report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.33.

Shares of Nexeo Solutions (NASDAQ:NXEO) opened at $9.50 on Monday. The stock has a market cap of $854.34, a P/E ratio of 16.70, a P/E/G ratio of 1.00 and a beta of 1.82. The company has a current ratio of 2.31, a quick ratio of 1.46 and a debt-to-equity ratio of 1.05. Nexeo Solutions has a 1-year low of $6.74 and a 1-year high of $10.13.

Nexeo Solutions (NASDAQ:NXEO) last released its earnings results on Wednesday, December 6th. The basic materials company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $981.70 million for the quarter, compared to analyst estimates of $881.70 million. Nexeo Solutions had a net margin of 1.30% and a return on equity of 22.12%.

Several hedge funds and other institutional investors have recently modified their holdings of NXEO. Voya Investment Management LLC acquired a new position in shares of Nexeo Solutions in the 2nd quarter worth approximately $106,000. Citadel Advisors LLC acquired a new position in shares of Nexeo Solutions in the 3rd quarter worth approximately $117,000. Nationwide Fund Advisors acquired a new position in shares of Nexeo Solutions in the 2nd quarter worth approximately $121,000. The Manufacturers Life Insurance Company acquired a new position in shares of Nexeo Solutions in the 2nd quarter worth approximately $174,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Nexeo Solutions in the 2nd quarter worth approximately $232,000. Hedge funds and other institutional investors own 93.74% of the company’s stock.

In other Nexeo Solutions news, insider Brian Herington bought 50,000 shares of Nexeo Solutions stock in a transaction on Tuesday, December 12th. The shares were purchased at an average cost of $8.35 per share, with a total value of $417,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.57% of the company’s stock.

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Nexeo Solutions Company Profile

Nexeo Solutions Inc, formerly WL Ross Holding Corp., is global distributor of chemicals products in North America and Asia, and plastics products in North America, Europe, the Middle East and Africa (EMEA) and Asia. The Company provides services, such as custom blending, packaging and re-packaging, private-label manufacturing and product testing in the form of chemical analysis, product performance analysis and product development.

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