Univar (UNVR) Releases Earnings Results, Beats Expectations By $0.01 EPS

Univar (NYSE:UNVR) issued its quarterly earnings results on Friday. The basic materials company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01, MarketWatch Earnings reports. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $2.01 billion. Univar had a net margin of 2.30% and a return on equity of 19.82%. Univar’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. Univar updated its Q1 2019 guidance to $0.27-0.29 EPS and its Q1 guidance to $0.27-0.29 EPS.

UNVR opened at $21.35 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.77 and a quick ratio of 1.14. Univar has a 52 week low of $16.33 and a 52 week high of $31.23. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.03 and a beta of 1.56.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Iridian Asset Management LLC CT grew its holdings in Univar by 29.8% during the 4th quarter. Iridian Asset Management LLC CT now owns 10,971,291 shares of the basic materials company’s stock worth $194,631,000 after acquiring an additional 2,520,455 shares during the period. FMR LLC grew its holdings in Univar by 2.9% during the 3rd quarter. FMR LLC now owns 10,109,059 shares of the basic materials company’s stock worth $309,944,000 after acquiring an additional 282,560 shares during the period. Vanguard Group Inc. grew its holdings in Univar by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,694,360 shares of the basic materials company’s stock worth $297,229,000 after acquiring an additional 193,925 shares during the period. Vanguard Group Inc grew its holdings in Univar by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 9,694,360 shares of the basic materials company’s stock worth $297,229,000 after acquiring an additional 193,925 shares during the period. Finally, BlackRock Inc. grew its holdings in Univar by 3.2% during the 4th quarter. BlackRock Inc. now owns 4,811,404 shares of the basic materials company’s stock worth $85,354,000 after acquiring an additional 147,168 shares during the period. 94.07% of the stock is owned by hedge funds and other institutional investors.

UNVR has been the subject of a number of research reports. ValuEngine raised shares of Univar from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Wells Fargo & Co lowered their price target on shares of Univar from $27.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, December 21st. Berenberg Bank set a $27.00 price target on shares of Univar and gave the company a “buy” rating in a report on Friday, November 23rd. TheStreet lowered shares of Univar from a “b-” rating to a “c+” rating in a report on Tuesday, December 4th. Finally, Vertical Research raised shares of Univar from a “hold” rating to a “buy” rating in a report on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Univar currently has a consensus rating of “Buy” and an average price target of $29.20.

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About Univar

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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