Wall Street analysts expect that Nielsen Holdings PLC (NYSE:NLSN) will report sales of $1.48 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Nielsen’s earnings, with the lowest sales estimate coming in at $1.47 billion and the highest estimate coming in at $1.50 billion. Nielsen reported sales of $1.63 billion during the same quarter last year, which indicates a negative year over year growth rate of 9.2%. The firm is scheduled to issue its next earnings results before the market opens on Wednesday, August 5th.
According to Zacks, analysts expect that Nielsen will report full-year sales of $6.21 billion for the current fiscal year, with estimates ranging from $6.18 billion to $6.31 billion. For the next fiscal year, analysts anticipate that the business will report sales of $6.42 billion, with estimates ranging from $6.32 billion to $6.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Nielsen.
Nielsen (NYSE:NLSN) last released its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Nielsen had a negative net margin of 7.33% and a positive return on equity of 23.01%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business earned $0.35 earnings per share. Nielsen’s quarterly revenue was down .3% compared to the same quarter last year.
NLSN has been the subject of several research reports. Zacks Investment Research upgraded shares of Nielsen from a “sell” rating to a “hold” rating and set a $17.00 price objective for the company in a research report on Monday, June 8th. Robert W. Baird lowered their target price on shares of Nielsen from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Wells Fargo & Co lowered their target price on shares of Nielsen from $30.00 to $18.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Citigroup lowered their target price on shares of Nielsen from $28.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Morgan Stanley lowered their target price on shares of Nielsen from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Nielsen has a consensus rating of “Hold” and an average price target of $18.25.
NLSN stock traded down $0.02 during trading on Tuesday, hitting $14.43. 4,800,773 shares of the company’s stock traded hands, compared to its average volume of 2,205,401. Nielsen has a 52 week low of $11.62 and a 52 week high of $24.10. The company has a debt-to-equity ratio of 3.46, a quick ratio of 0.78 and a current ratio of 0.78. The business has a fifty day simple moving average of $14.85 and a 200 day simple moving average of $16.01. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of -10.69 and a beta of 1.24.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.66%. The ex-dividend date is Wednesday, August 19th. Nielsen’s dividend payout ratio is presently 14.20%.
Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC increased its stake in Nielsen by 381.8% in the 1st quarter. Parallel Advisors LLC now owns 2,669 shares of the business services provider’s stock worth $33,000 after buying an additional 2,115 shares during the period. Advisor Group Inc. increased its stake in Nielsen by 20.7% in the 4th quarter. Advisor Group Inc. now owns 2,923 shares of the business services provider’s stock worth $59,000 after buying an additional 502 shares during the period. Advisor Group Holdings Inc. purchased a new position in Nielsen in the 1st quarter worth about $59,000. Mercer Global Advisors Inc. ADV purchased a new position in Nielsen in the 1st quarter worth about $134,000. Finally, M&T Bank Corp purchased a new position in Nielsen during the 1st quarter valued at about $150,000. 94.33% of the stock is currently owned by institutional investors.
Nielsen Company Profile
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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