NEXEO SOLUTIONS (NXEO) to Release Earnings on Tuesday
NEXEO SOLUTIONS (NASDAQ:NXEO) is scheduled to release its earnings data after the market closes on Tuesday, August 8th. Analysts expect NEXEO SOLUTIONS to post earnings of $0.20 per share for the quarter.
Shares of NEXEO SOLUTIONS (NXEO) opened at 8.14 on Monday. The company’s market cap is $726.27 million. NEXEO SOLUTIONS has a 12-month low of $7.13 and a 12-month high of $9.94. The company’s 50-day moving average price is $8.31 and its 200 day moving average price is $8.88.
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In related news, Director William Waldorf Astor III purchased 10,850 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was acquired at an average price of $9.05 per share, for a total transaction of $98,192.50. Following the purchase, the director now owns 31,603 shares of the company’s stock, valued at $286,007.15. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Park West Asset Management Llc sold 2,000,000 shares of NEXEO SOLUTIONS stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $8.15, for a total value of $16,300,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,448,693 shares of company stock valued at $20,144,098 in the last quarter. Company insiders own 0.07% of the company’s stock.
Several analysts have recently commented on NXEO shares. Jefferies Group LLC restated a “hold” rating and issued a $9.50 target price on shares of NEXEO SOLUTIONS in a research note on Friday, June 16th. Zacks Investment Research upgraded NEXEO SOLUTIONS from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $9.75.
NEXEO SOLUTIONS Company Profile
Nexeo Solutions Inc, formerly WL Ross Holding Corp., is global distributor of chemicals products in North America and Asia, and plastics products in North America, Europe, the Middle East and Africa (EMEA) and Asia. The Company provides services, such as custom blending, packaging and re-packaging, private-label manufacturing and product testing in the form of chemical analysis, product performance analysis and product development.
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