$1.61 Billion in Sales Expected for Nielsen Holdings PLC (NYSE:NLSN) This Quarter

Brokerages expect Nielsen Holdings PLC (NYSE:NLSN) to post $1.61 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Nielsen’s earnings. The highest sales estimate is $1.62 billion and the lowest is $1.59 billion. Nielsen reported sales of $1.60 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Nielsen will report full-year sales of $6.51 billion for the current financial year. For the next fiscal year, analysts expect that the business will post sales of $6.62 billion, with estimates ranging from $6.58 billion to $6.68 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Nielsen.

Nielsen (NYSE:NLSN) last released its earnings results on Wednesday, July 31st. The business services provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.12. Nielsen had a positive return on equity of 18.37% and a negative net margin of 10.70%. 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 business posted $0.20 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year.

Several research firms recently weighed in on NLSN. ValuEngine downgraded Nielsen from a “hold” rating to a “sell” rating in a research report on Tuesday, May 28th. Zacks Investment Research downgraded Nielsen from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $27.36.

NYSE NLSN traded down $0.25 during trading hours on Monday, hitting $22.73. 3,099,147 shares of the company’s stock were exchanged, compared to its average volume of 2,824,670. The stock has a 50 day simple moving average of $23.09. Nielsen has a 12-month low of $21.51 and a 12-month high of $28.50. The firm has a market capitalization of $8.23 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 1.22 and a beta of 0.91. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.76.

Institutional investors have recently added to or reduced their stakes in the company. Parnassus Investments CA raised its holdings in shares of Nielsen by 10.4% in the 1st quarter. Parnassus Investments CA now owns 1,938,597 shares of the business services provider’s stock worth $45,887,000 after purchasing an additional 182,035 shares during the period. Washington Trust Bank raised its holdings in shares of Nielsen by 29.7% in the 1st quarter. Washington Trust Bank now owns 13,220 shares of the business services provider’s stock worth $313,000 after purchasing an additional 3,026 shares during the period. National Investment Services Inc. WI purchased a new position in shares of Nielsen in the 1st quarter worth about $619,000. Hedeker Wealth LLC raised its holdings in shares of Nielsen by 10.9% in the 1st quarter. Hedeker Wealth LLC now owns 42,907 shares of the business services provider’s stock worth $1,004,000 after purchasing an additional 4,228 shares during the period. Finally, Clarkston Capital Partners LLC raised its holdings in shares of Nielsen by 2.2% in the 1st quarter. Clarkston Capital Partners LLC now owns 6,434,045 shares of the business services provider’s stock worth $152,294,000 after purchasing an additional 136,645 shares during the period. Institutional investors own 95.50% of the company’s stock.

About Nielsen

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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