Brokerages expect Univar Inc (NYSE:UNVR) to post $2.15 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Univar’s earnings, with the highest sales estimate coming in at $2.18 billion and the lowest estimate coming in at $2.11 billion. Univar posted sales of $2.05 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.9%. The company is scheduled to announce its next earnings report on Friday, November 2nd.

According to Zacks, analysts expect that Univar will report full year sales of $8.68 billion for the current financial year, with estimates ranging from $8.58 billion to $8.80 billion. For the next financial year, analysts expect that the business will report sales of $8.98 billion per share, with estimates ranging from $8.81 billion to $9.30 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Univar.

Univar (NYSE:UNVR) last posted its quarterly earnings results on Wednesday, August 1st. The basic materials company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.37 billion. Univar had a return on equity of 19.85% and a net margin of 2.19%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share.

A number of equities analysts have commented on the stock. Berenberg Bank raised shares of Univar from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, September 4th. ValuEngine raised shares of Univar from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Barclays reduced their target price on shares of Univar from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, August 6th. Zacks Investment Research raised shares of Univar from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Finally, Goldman Sachs Group raised shares of Univar from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $29.75.

UNVR stock traded up $0.28 during trading on Friday, reaching $27.68. 24,249 shares of the stock were exchanged, compared to its average volume of 571,201. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.65 and a quick ratio of 1.08. Univar has a 1 year low of $25.54 and a 1 year high of $31.95. The company has a market capitalization of $3.89 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.65 and a beta of 1.19.

Several institutional investors have recently added to or reduced their stakes in UNVR. Marcato Capital Management LP purchased a new stake in shares of Univar in the 1st quarter valued at approximately $30,292,000. Millennium Management LLC raised its stake in shares of Univar by 113.0% in the 2nd quarter. Millennium Management LLC now owns 1,576,688 shares of the basic materials company’s stock valued at $41,372,000 after acquiring an additional 836,522 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of Univar in the 1st quarter valued at approximately $21,403,000. Osterweis Capital Management Inc. purchased a new stake in shares of Univar in the 1st quarter valued at approximately $20,633,000. Finally, Sandhill Capital Partners LLC purchased a new stake in shares of Univar in the 2nd quarter valued at approximately $18,059,000. 91.47% of the stock is currently owned by institutional investors and hedge funds.

Univar Company Profile

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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Earnings History and Estimates for Univar (NYSE:UNVR)

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