Univar Inc. (UNVR) Announces Quarterly Earnings Results

Univar Inc. (NYSE:UNVR) issued its quarterly earnings data on Friday. The basic materials company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.13, Briefing.com reports. Univar had a negative net margin of 0.85% and a positive return on equity of 15.46%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the prior year, the business earned $0.17 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis.

Univar (NYSE:UNVR) opened at $29.73 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.14 and a debt-to-equity ratio of 3.02. The company has a market capitalization of $4,180.54, a P/E ratio of 25.63, a PEG ratio of 2.78 and a beta of 1.47. Univar has a 52-week low of $20.54 and a 52-week high of $33.15.

Several brokerages have recently weighed in on UNVR. Zacks Investment Research cut shares of Univar from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub upgraded shares of Univar from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Barclays PLC increased their price objective on shares of Univar from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Credit Suisse Group reduced their target price on shares of Univar from $39.00 to $36.00 and set an “outperform” rating for the company in a report on Thursday, August 31st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $39.00 target price on shares of Univar in a report on Friday, September 15th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Univar currently has a consensus rating of “Hold” and an average price target of $33.33.

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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.

Earnings History for Univar (NYSE:UNVR)

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