Diversey (NASDAQ:DSEY – Get Rating) posted its quarterly earnings data on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01), Briefing.com reports. Diversey had a negative net margin of 4.46% and a positive return on equity of 19.16%. The business had revenue of $715.30 million during the quarter, compared to analyst estimates of $710.09 million. During the same quarter last year, the business earned $0.16 earnings per share. Diversey’s revenue for the quarter was up 10.0% on a year-over-year basis. Diversey updated its Q3 2022 guidance to EPS.
Diversey Stock Down 1.8 %
DSEY traded down $0.12 during trading on Friday, reaching $6.68. 945,999 shares of the stock were exchanged, compared to its average volume of 1,049,997. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.84 and a current ratio of 1.24. The stock’s 50 day moving average price is $7.82 and its two-hundred day moving average price is $8.52. Diversey has a twelve month low of $6.09 and a twelve month high of $18.17. The stock has a market cap of $2.17 billion, a P/E ratio of -18.05 and a beta of 1.68.
Hedge Funds Weigh In On Diversey
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in Diversey by 280.2% during the first quarter. Bank of America Corp DE now owns 217,501 shares of the company’s stock worth $1,647,000 after purchasing an additional 160,292 shares during the period. Jane Street Group LLC bought a new position in Diversey during the first quarter worth $2,807,000. Ensign Peak Advisors Inc boosted its position in Diversey by 491.4% during the first quarter. Ensign Peak Advisors Inc now owns 2,544,905 shares of the company’s stock worth $19,265,000 after purchasing an additional 2,114,584 shares during the period. Goldman Sachs Group Inc. boosted its position in Diversey by 722.7% during the first quarter. Goldman Sachs Group Inc. now owns 132,254 shares of the company’s stock worth $1,001,000 after purchasing an additional 116,178 shares during the period. Finally, State Street Corp boosted its position in Diversey by 7.6% during the first quarter. State Street Corp now owns 807,606 shares of the company’s stock worth $6,114,000 after purchasing an additional 57,274 shares during the period. 97.69% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Diversey Holdings, Ltd., through its subsidiaries, provides infection prevention and cleaning solutions worldwide. It operates in two segments, Institutional, and Food & Beverage. The Institutional segment offers products, solutions, equipment, and machines, including infection prevention and personal care products, floor and building care chemicals, kitchen and mechanical ware wash chemicals and machines, dosing and dispensing equipment, and floor care machines, as well as engineering, consulting, and training services related to productivity management, water and energy management, and risk management.
- Get a free copy of the StockNews.com research report on Diversey (DSEY)
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
- BJ’s Wholesale Club Stock Has More Room to Grow
Receive News & Ratings for Diversey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diversey and related companies with MarketBeat.com's FREE daily email newsletter.