Univar Inc (NYSE:UNVR) Expected to Post Quarterly Sales of $2.50 Billion
Analysts expect Univar Inc (NYSE:UNVR) to post $2.50 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Univar’s earnings. The highest sales estimate is $2.63 billion and the lowest is $2.37 billion. Univar posted sales of $2.13 billion during the same quarter last year, which suggests a positive year over year growth rate of 17.4%. The company is expected to issue its next quarterly earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Univar will report full-year sales of $10.00 billion for the current year, with estimates ranging from $9.40 billion to $10.53 billion. For the next fiscal year, analysts expect that the firm will report sales of $10.59 billion, with estimates ranging from $9.67 billion to $11.03 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Univar.
Univar (NYSE:UNVR) last issued its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Univar had a return on equity of 15.03% and a net margin of 0.04%. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis.
Shares of UNVR stock traded up $0.20 during trading hours on Wednesday, hitting $18.95. 1,259,700 shares of the company were exchanged, compared to its average volume of 1,973,412. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.17 and a current ratio of 1.75. Univar has a one year low of $16.33 and a one year high of $31.23. The business’s 50-day simple moving average is $21.08 and its two-hundred day simple moving average is $21.86. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.51 and a beta of 1.54.
In related news, insider Stephen D. Newlin acquired 3,200 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $19.73 per share, for a total transaction of $63,136.00. Following the completion of the purchase, the insider now directly owns 217,843 shares of the company’s stock, valued at $4,298,042.39. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David Jukes acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $19.44 per share, for a total transaction of $97,200.00. Following the purchase, the chief operating officer now directly owns 70,502 shares of the company’s stock, valued at $1,370,558.88. The disclosure for this purchase can be found here. Insiders acquired 18,196 shares of company stock worth $361,075 in the last 90 days. 0.50% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC acquired a new position in shares of Univar during the first quarter valued at approximately $27,000. Meeder Asset Management Inc. boosted its holdings in Univar by 291.7% during the first quarter. Meeder Asset Management Inc. now owns 1,849 shares of the basic materials company’s stock worth $41,000 after buying an additional 1,377 shares in the last quarter. Machina Capital S.A.S. bought a new stake in Univar during the second quarter worth approximately $46,000. Marshall Wace North America L.P. bought a new stake in Univar during the first quarter worth approximately $49,000. Finally, FNY Investment Advisers LLC bought a new stake in Univar during the second quarter worth approximately $55,000. Institutional investors and hedge funds own 94.07% of the company’s stock.
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, and fertilizers; storage, packaging, and logistics services for crop protection companies; and pest control products and equipment.
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