Jefferies Financial Group Comments on Unilever NV’s FY2019 Earnings (NYSE:UN)

Unilever NV (NYSE:UN) – Equities research analysts at Jefferies Financial Group decreased their FY2019 earnings per share estimates for Unilever in a note issued to investors on Monday, June 24th, according to Zacks Investment Research. Jefferies Financial Group analyst M. Deboo now expects that the company will post earnings per share of $2.87 for the year, down from their previous estimate of $2.89. Jefferies Financial Group also issued estimates for Unilever’s FY2020 earnings at $3.19 EPS and FY2021 earnings at $3.45 EPS.

A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group set a $77.00 price objective on shares of Monster Beverage and gave the stock a “buy” rating in a research note on Friday, May 3rd. Barclays set a $192.00 price target on shares of Tesla and gave the company a “sell” rating in a report on Tuesday, April 9th. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Saturday, July 13th. Finally, DZ Bank lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $66.50.

Shares of UN traded up $0.36 during mid-day trading on Wednesday, reaching $61.08. 792,700 shares of the company’s stock were exchanged, compared to its average volume of 1,194,957. The stock’s 50-day simple moving average is $61.06. Unilever has a 52-week low of $52.08 and a 52-week high of $62.40. The company has a market cap of $104.55 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 2.67 and a beta of 0.54.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in shares of Unilever in the fourth quarter worth about $104,000. Comerica Securities Inc. purchased a new position in Unilever during the 4th quarter worth $373,000. Eaton Vance Management increased its holdings in Unilever by 1.2% during the 4th quarter. Eaton Vance Management now owns 24,511 shares of the company’s stock worth $1,319,000 after purchasing an additional 292 shares during the period. First Trust Advisors LP increased its holdings in Unilever by 249.7% during the 4th quarter. First Trust Advisors LP now owns 16,171 shares of the company’s stock worth $870,000 after purchasing an additional 11,547 shares during the period. Finally, LPL Financial LLC boosted its position in Unilever by 2.1% during the 4th quarter. LPL Financial LLC now owns 44,826 shares of the company’s stock valued at $2,412,000 after acquiring an additional 905 shares in the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

Unilever Company Profile

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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Earnings History and Estimates for Unilever (NYSE:UN)

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