$0.19 EPS Expected for Nexeo Solutions (NXEO) This Quarter

Equities analysts forecast that Nexeo Solutions (NASDAQ:NXEO) will announce earnings per share of $0.19 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Nexeo Solutions’ earnings. The highest EPS estimate is $0.23 and the lowest is $0.15. Nexeo Solutions posted earnings per share of $0.12 in the same quarter last year, which suggests a positive year-over-year growth rate of 58.3%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Nexeo Solutions will report full-year earnings of $0.80 per share for the current financial year, with EPS estimates ranging from $0.71 to $0.88. For the next year, analysts expect that the business will report earnings of $0.96 per share, with EPS estimates ranging from $0.86 to $1.10. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Nexeo Solutions.

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Nexeo Solutions (NASDAQ:NXEO) last issued its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.08. Nexeo Solutions had a net margin of 1.30% and a return on equity of 22.12%. The firm had revenue of $929.60 million for the quarter, compared to analyst estimates of $886.00 million.

A number of equities analysts have commented on NXEO shares. ValuEngine upgraded shares of Nexeo Solutions from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Nexeo Solutions from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, March 28th. Jefferies Group upgraded shares of Nexeo Solutions from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Monday, March 26th. Finally, Deutsche Bank started coverage on shares of Nexeo Solutions in a research note on Wednesday, March 7th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Nexeo Solutions has an average rating of “Buy” and an average price target of $11.38.

Several institutional investors have recently modified their holdings of NXEO. Gotham Asset Management LLC acquired a new stake in shares of Nexeo Solutions in the 4th quarter valued at about $111,000. Citadel Advisors LLC bought a new stake in shares of Nexeo Solutions during the 3rd quarter valued at about $117,000. The Manufacturers Life Insurance Company bought a new stake in shares of Nexeo Solutions during the 2nd quarter valued at about $174,000. Virtu Financial LLC bought a new stake in shares of Nexeo Solutions during the 4th quarter valued at about $260,000. Finally, Ellington Management Group LLC grew its position in shares of Nexeo Solutions by 163.4% during the 4th quarter. Ellington Management Group LLC now owns 29,500 shares of the basic materials company’s stock valued at $268,000 after buying an additional 18,300 shares during the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

NXEO stock traded down $0.09 during trading on Tuesday, reaching $10.91. The stock had a trading volume of 79,902 shares, compared to its average volume of 274,053. Nexeo Solutions has a 1-year low of $6.74 and a 1-year high of $11.14. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.31 and a quick ratio of 1.46. The firm has a market capitalization of $969.21, a P/E ratio of 33.03, a P/E/G ratio of 0.69 and a beta of 0.24.

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About Nexeo Solutions

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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