Analysts predict that Nielsen Holdings PLC (NYSE:NLSN) will post sales of $1.52 billion for the current quarter, according to Zacks. Five analysts have issued estimates for Nielsen’s earnings, with estimates ranging from $1.51 billion to $1.56 billion. Nielsen reported sales of $1.62 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.2%. The company is expected to announce its next earnings results on Thursday, November 5th.
According to Zacks, analysts expect that Nielsen will report full-year sales of $6.20 billion for the current year, with estimates ranging from $6.16 billion to $6.26 billion. For the next fiscal year, analysts anticipate that the company will report sales of $6.34 billion, with estimates ranging from $6.15 billion to $6.48 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Nielsen.
Nielsen (NYSE:NLSN) last released its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.10. Nielsen had a negative net margin of 9.89% and a positive return on equity of 23.38%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the business earned $0.53 EPS. The company’s revenue was down 8.1% compared to the same quarter last year.
A number of analysts recently commented on NLSN shares. 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 research note on Friday, July 10th. Zacks Investment Research upgraded shares of Nielsen from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a research note on Monday, August 10th. Truist Financial restated a “market perform” rating and set a $23.00 price objective on shares of Nielsen in a research note on Monday, August 10th. Truist lifted their price objective on shares of Nielsen from $23.00 to $30.00 in a research note on Tuesday, August 25th. Finally, ValuEngine cut shares of Nielsen from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Nielsen has an average rating of “Buy” and a consensus target price of $20.18.
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NLSN stock opened at $14.49 on Friday. The firm has a 50 day moving average of $15.25 and a 200 day moving average of $14.79. The stock has a market capitalization of $5.30 billion, a PE ratio of -8.19 and a beta of 1.22. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.68. Nielsen has a 52 week low of $11.62 and a 52 week high of $23.31.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Wednesday, August 19th. Nielsen’s payout ratio is presently 14.20%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. New Mexico Educational Retirement Board grew its holdings in shares of Nielsen by 6.7% during the second quarter. New Mexico Educational Retirement Board now owns 23,900 shares of the business services provider’s stock worth $355,000 after buying an additional 1,500 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Nielsen by 1.8% during the second quarter. Russell Investments Group Ltd. now owns 1,138,110 shares of the business services provider’s stock worth $16,720,000 after buying an additional 19,732 shares in the last quarter. Nomura Holdings Inc. grew its holdings in shares of Nielsen by 107.0% during the first quarter. Nomura Holdings Inc. now owns 10,295,375 shares of the business services provider’s stock worth $129,284,000 after buying an additional 5,320,579 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Nielsen by 10.9% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 93,938 shares of the business services provider’s stock valued at $1,396,000 after acquiring an additional 9,233 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Nielsen by 22.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 385,941 shares of the business services provider’s stock valued at $4,840,000 after acquiring an additional 70,208 shares during the last quarter.
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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As you know, a single upgrade from a broker probably won’t be a major game changer for any single stock. But, what if there was a stock that had been upgraded by more than 10 different brokers during the last 90 days?
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