$1.58 Billion in Sales Expected for Nielsen Holdings PLC (NLSN) This Quarter

Wall Street brokerages forecast that Nielsen Holdings PLC (NYSE:NLSN) will announce sales of $1.58 billion for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Nielsen’s earnings. The highest sales estimate is $1.59 billion and the lowest is $1.56 billion. Nielsen reported sales of $1.64 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.7%. The business is expected to issue its next quarterly earnings report before the market opens 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 year, analysts expect that the company will report sales of $6.50 billion, with estimates ranging from $6.41 billion to $6.59 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Nielsen.

Nielsen (NYSE:NLSN) last released its earnings results on Thursday, July 26th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.39). The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.71 billion. Nielsen had a return on equity of 15.28% and a net margin of 5.57%. Nielsen’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share.

A number of equities research analysts have issued reports on the stock. Goldman Sachs Group lowered shares of Nielsen from a “neutral” rating to a “sell” rating in a report on Monday, July 2nd. Morgan Stanley reduced their target price on shares of Nielsen from $40.00 to $38.00 and set a “$30.76” rating on the stock in a report on Wednesday, July 18th. Zacks Investment Research upgraded shares of Nielsen from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 25th. Citigroup reduced their target price on shares of Nielsen from $41.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, August 20th. Finally, Pivotal Research lowered shares of Nielsen from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a report on Wednesday, August 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. Nielsen currently has a consensus rating of “Hold” and a consensus target price of $30.77.

Nielsen stock traded up $0.40 during mid-day trading on Monday, reaching $26.15. 4,221,827 shares of the company’s stock were exchanged, compared to its average volume of 4,517,318. The firm has a market cap of $9.83 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 1.47 and a beta of 0.93. Nielsen has a twelve month low of $20.53 and a twelve month high of $42.15. The company has a quick ratio of 1.19, a current ratio of 1.18 and a debt-to-equity ratio of 1.96.

Several institutional investors and hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd raised its holdings in shares of Nielsen by 28.4% in the 1st quarter. WINTON GROUP Ltd now owns 9,420 shares of the business services provider’s stock valued at $299,000 after purchasing an additional 2,083 shares in the last quarter. Mount Yale Investment Advisors LLC raised its holdings in shares of Nielsen by 19.9% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 15,109 shares of the business services provider’s stock valued at $467,000 after purchasing an additional 2,503 shares in the last quarter. State of Wisconsin Investment Board grew its position in shares of Nielsen by 0.8% in the 2nd quarter. State of Wisconsin Investment Board now owns 327,497 shares of the business services provider’s stock valued at $10,129,000 after buying an additional 2,515 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Nielsen by 77.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,477 shares of the business services provider’s stock valued at $200,000 after buying an additional 2,827 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Nielsen by 0.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 482,848 shares of the business services provider’s stock valued at $14,934,000 after buying an additional 2,940 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

About Nielsen

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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