Nexeo Solutions Inc Expected to Earn FY2019 Earnings of $1.00 Per Share (NXEO)

Nexeo Solutions Inc (NASDAQ:NXEO) – Stock analysts at Jefferies Financial Group dropped their FY2019 earnings per share estimates for Nexeo Solutions in a research note issued on Tuesday, August 14th. Jefferies Financial Group analyst L. Alexander now anticipates that the basic materials company will post earnings per share of $1.00 for the year, down from their previous estimate of $1.05. Jefferies Financial Group also issued estimates for Nexeo Solutions’ FY2020 earnings at $1.20 EPS.

Other equities research analysts have also recently issued reports about the stock. ValuEngine cut shares of Nexeo Solutions from a “buy” rating to a “hold” rating in a report on Thursday, May 3rd. Zacks Investment Research upgraded shares of Nexeo Solutions from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Saturday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $12.00.



NASDAQ:NXEO opened at $9.88 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 2.15 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $894.65 million, a price-to-earnings ratio of 29.94, a P/E/G ratio of 0.72 and a beta of 0.24. Nexeo Solutions has a 12 month low of $6.87 and a 12 month high of $11.14.

Nexeo Solutions (NASDAQ:NXEO) last posted its quarterly earnings results on Monday, August 6th. The basic materials company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.12. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $994.50 million. Nexeo Solutions had a net margin of 1.45% and a return on equity of 8.13%.

Hedge funds and other institutional investors have recently modified their holdings of the company. C M Bidwell & Associates Ltd. acquired a new position in shares of Nexeo Solutions during the first quarter valued at about $109,000. RMB Capital Management LLC acquired a new position in shares of Nexeo Solutions during the first quarter valued at about $128,000. MetLife Investment Advisors LLC acquired a new position in shares of Nexeo Solutions during the first quarter valued at about $145,000. Bowling Portfolio Management LLC acquired a new position in shares of Nexeo Solutions during the second quarter valued at about $152,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Nexeo Solutions during the first quarter valued at about $158,000. Hedge funds and other institutional investors own 96.83% of the company’s stock.

Nexeo Solutions Company Profile

Nexeo Solutions, Inc operates as a chemical and plastic products distributor in North America, Europe, the Middle East, Africa, and Asia. The company operates through Chemicals, Plastics, and Environmental Services segments. It provides approximately 22,000 products used in various industries, including household, industrial and institutional, lubricants, architectural coatings, adhesives, sealants, elastomers, automotive, healthcare, personal care, oil and gas, and construction.

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Earnings History and Estimates for Nexeo Solutions (NASDAQ:NXEO)

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