$2.14 Billion in Sales Expected for Univar Inc (UNVR) This Quarter

Brokerages expect Univar Inc (NYSE:UNVR) to post sales of $2.14 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Univar’s earnings, with the lowest sales estimate coming in at $2.11 billion and the highest estimate coming in at $2.17 billion. Univar posted sales of $2.00 billion in the same quarter last year, which suggests a positive year over year growth rate of 7%. The firm is scheduled to announce its next earnings results on Friday, May 4th.

On average, analysts expect that Univar will report full year sales of $2.14 billion for the current financial year, with estimates ranging from $8.55 billion to $8.86 billion. For the next financial year, analysts anticipate that the firm will post sales of $9.02 billion per share, with estimates ranging from $8.78 billion to $9.29 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Univar.

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Univar (NYSE:UNVR) last released its earnings results on Wednesday, February 28th. The basic materials company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.09. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.85 billion. Univar had a return on equity of 17.25% and a net margin of 1.45%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

UNVR has been the topic of several research analyst reports. Zacks Investment Research downgraded Univar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. SunTrust Banks raised Univar from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Deutsche Bank set a $34.00 price objective on Univar and gave the company a “hold” rating in a research report on Wednesday, March 7th. Finally, Vertical Research raised Univar from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.67.

In other news, insider Dahlia Investments Pte. Ltd. sold 5,635 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $31.14, for a total transaction of $175,473.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 93,587 shares of company stock worth $2,914,052 in the last three months. Corporate insiders own 1.82% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of UNVR. Baird Financial Group Inc. grew its position in shares of Univar by 215.8% during the 4th quarter. Baird Financial Group Inc. now owns 1,439,424 shares of the basic materials company’s stock worth $44,565,000 after buying an additional 983,564 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Univar by 29.4% during the 4th quarter. Wells Fargo & Company MN now owns 3,902,833 shares of the basic materials company’s stock worth $120,832,000 after buying an additional 887,218 shares in the last quarter. Bamco Inc. NY grew its position in shares of Univar by 37.0% during the 3rd quarter. Bamco Inc. NY now owns 2,500,000 shares of the basic materials company’s stock worth $72,325,000 after buying an additional 675,000 shares in the last quarter. Park West Asset Management LLC bought a new position in shares of Univar during the 4th quarter worth $17,988,000. Finally, Schroder Investment Management Group grew its position in shares of Univar by 3,581.0% during the 4th quarter. Schroder Investment Management Group now owns 465,358 shares of the basic materials company’s stock worth $14,408,000 after buying an additional 452,716 shares in the last quarter. 98.18% of the stock is currently owned by institutional investors and hedge funds.

Univar stock traded up $0.36 during mid-day trading on Friday, hitting $27.75. The company’s stock had a trading volume of 1,076,282 shares, compared to its average volume of 1,127,647. The company has a market capitalization of $3,916.02, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.89 and a beta of 1.21. The company has a quick ratio of 1.18, a current ratio of 1.77 and a debt-to-equity ratio of 2.59. Univar has a one year low of $25.79 and a one year high of $32.53.

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About Univar

Univar Inc is a distributor of commodity and specialty chemicals. The Company operates through four segments: Univar USA (USA); Univar Canada (Canada); Univar Europe and the Middle East and Africa (EMEA), and Rest of World. The Company’s USA segment supplies a range of commodity and specialty chemicals, as well as services to a range of end markets, including manufacturing and industrial production sectors in the United States.

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