Brokerages expect that Nielsen Holdings PLC (NYSE:NLSN) will announce earnings of $0.42 per share for the current quarter, Zacks reports. Six analysts have made estimates for Nielsen’s earnings, with estimates ranging from $0.40 to $0.45. Nielsen posted earnings of $0.49 per share during the same quarter last year, which indicates a negative year over year growth rate of 14.3%. The firm is expected to issue its next quarterly earnings results on Thursday, October 24th.
On average, analysts expect that Nielsen will report full year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.78. For the next year, analysts forecast that the firm will report earnings of $1.79 per share, with EPS estimates ranging from $1.67 to $1.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Nielsen.
Nielsen (NYSE:NLSN) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.12. Nielsen had a negative net margin of 10.70% and a positive return on equity of 18.97%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the prior year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis.
Several equities research analysts recently weighed in on the stock. Citigroup set a $28.00 target price on shares of Nielsen and gave the stock a “buy” rating in a research note on Friday, August 16th. Morgan Stanley cut their target price on shares of Nielsen from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, ValuEngine raised shares of Nielsen from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Nielsen currently has a consensus rating of “Hold” and a consensus target price of $26.33.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its position in shares of Nielsen by 20.4% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 74,810 shares of the business services provider’s stock valued at $1,770,000 after purchasing an additional 12,666 shares during the last quarter. Swiss National Bank increased its position in shares of Nielsen by 2.5% in the 1st quarter. Swiss National Bank now owns 1,183,461 shares of the business services provider’s stock valued at $28,013,000 after purchasing an additional 29,200 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in shares of Nielsen by 53.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 61,208 shares of the business services provider’s stock valued at $1,449,000 after purchasing an additional 21,361 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in shares of Nielsen in the 1st quarter valued at approximately $649,000. Finally, GAM Holding AG purchased a new stake in shares of Nielsen in the 1st quarter valued at approximately $1,344,000. 96.17% of the stock is currently owned by hedge funds and other institutional investors.
NLSN traded up $0.45 during trading hours on Friday, hitting $20.71. 59,071 shares of the company’s stock were exchanged, compared to its average volume of 2,944,201. Nielsen has a 12-month low of $19.86 and a 12-month high of $28.50. The firm has a 50 day moving average of $21.28 and a 200 day moving average of $23.09. The firm has a market cap of $7.21 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 1.00 and a beta of 0.92. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.90.
Nielsen Holdings plc, together with its subsidiaries, operates as a measurement and data analytics company. It operates in two segments, Buy and Watch. The Buy segment provides retail transactional measurement data, consumer behavior information, and analytics primarily to businesses in the consumer packaged goods industry.
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