Wall Street analysts expect Nielsen Holdings PLC (NYSE:NLSN) to announce sales of $1.58 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Nielsen’s earnings, with the lowest sales estimate coming in at $1.56 billion and the highest estimate coming in at $1.59 billion. Nielsen reported sales of $1.64 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 3.7%. The firm is scheduled to announce its next earnings results on Wednesday, October 24th.
On average, analysts expect that Nielsen will report full year sales of $6.52 billion for the current fiscal year, with estimates ranging from $6.50 billion to $6.53 billion. For the next financial year, analysts anticipate that the company will post sales of $6.50 billion, with estimates ranging from $6.41 billion to $6.59 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Nielsen.
Nielsen (NYSE:NLSN) last issued its quarterly earnings data on Thursday, July 26th. The business services provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.39). The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.71 billion. Nielsen had a return on equity of 15.28% and a net margin of 5.57%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 earnings per share.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Nielsen from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 31st. Pivotal Research reduced their target price on Nielsen from $35.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, July 26th. Morgan Stanley set a $26.00 target price on Nielsen and gave the company a “buy” rating in a report on Tuesday, August 14th. Robert W. Baird upped their target price on Nielsen from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 14th. Finally, Citigroup reduced their target price on Nielsen from $41.00 to $29.00 and set a “buy” rating for the company in a report on Monday, August 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.77.
NLSN traded up $0.76 during midday trading on Friday, reaching $27.96. 9,395,600 shares of the company were exchanged, compared to its average volume of 4,573,399. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.19 and a current ratio of 1.18. The firm has a market capitalization of $9.64 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.45 and a beta of 0.96. Nielsen has a one year low of $20.53 and a one year high of $42.15.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Wednesday, August 22nd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend was Tuesday, August 21st. Nielsen’s dividend payout ratio is presently 66.35%.
Institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its stake in Nielsen by 135.2% in the second quarter. FMR LLC now owns 21,740,698 shares of the business services provider’s stock valued at $672,439,000 after purchasing an additional 12,496,283 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Nielsen in the second quarter valued at approximately $537,000. ING Groep NV purchased a new position in Nielsen in the second quarter valued at approximately $465,000. Royal Bank of Canada lifted its position in shares of Nielsen by 12.7% during the first quarter. Royal Bank of Canada now owns 259,803 shares of the business services provider’s stock worth $8,260,000 after acquiring an additional 29,213 shares in the last quarter. Finally, First Manhattan Co. purchased a new stake in shares of Nielsen during the second quarter worth $503,000. Institutional investors and hedge funds own 95.56% of the company’s stock.
Nielsen Holdings plc, together with its subsidiaries, operates as an information and measurement company. It operates through Buy and Watch segments. The company provides media and marketing information, analytics, and manufacturer and retailer expertise about what and where consumers buy, read, watch, and listen.
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