Nielsen (NYSE:NLSN) released its quarterly earnings results on Tuesday, April 30th. The business services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08, MarketWatch Earnings reports. Nielsen had a negative net margin of 11.46% and a positive return on equity of 15.52%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company earned $0.40 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Nielsen updated its FY19 guidance to $1.63-1.77 EPS.
NYSE NLSN traded down $0.18 during mid-day trading on Wednesday, reaching $23.98. 2,031,800 shares of the stock were exchanged, compared to its average volume of 3,748,234. Nielsen has a 1 year low of $20.53 and a 1 year high of $32.06. The company has a market capitalization of $8.39 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.07 and a current ratio of 1.07.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Investors of record on Wednesday, June 5th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend is Tuesday, June 4th. Nielsen’s dividend payout ratio (DPR) is presently 80.92%.
A number of equities analysts recently commented on the stock. BMO Capital Markets lifted their price target on shares of Nielsen from $24.00 to $26.00 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Credit Suisse Group set a $27.00 price objective on shares of Nielsen and gave the company a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research cut shares of Nielsen from a “buy” rating to a “hold” rating in a research report on Wednesday, May 8th. SunTrust Banks set a $28.00 price objective on shares of Nielsen and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, ValuEngine lowered shares of Nielsen from a “hold” rating to a “sell” rating in a report on Tuesday, January 22nd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.58.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its holdings in shares of Nielsen by 175.8% in the third quarter. Advisors Asset Management Inc. now owns 6,104 shares of the business services provider’s stock worth $169,000 after purchasing an additional 3,891 shares during the period. Nordea Investment Management AB bought a new position in shares of Nielsen in the third quarter worth $574,000. Legal & General Group Plc increased its holdings in shares of Nielsen by 5.5% in the third quarter. Legal & General Group Plc now owns 1,800,026 shares of the business services provider’s stock worth $49,788,000 after purchasing an additional 93,562 shares during the period. Vanguard Group Inc increased its holdings in shares of Nielsen by 1.9% in the third quarter. Vanguard Group Inc now owns 37,099,203 shares of the business services provider’s stock worth $1,026,163,000 after purchasing an additional 688,591 shares during the period. Finally, Palo Capital Inc. bought a new position in shares of Nielsen in the third quarter worth $472,000. 99.93% of the stock is currently owned by hedge funds and other institutional investors.
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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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