Equities analysts predict that Nexeo Solutions (NASDAQ:NXEO) will post earnings of $0.20 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Nexeo Solutions’ earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.24. The firm is scheduled to issue its next earnings report on Tuesday, August 8th.

According to Zacks, analysts expect that Nexeo Solutions will report full year earnings of $0.38 per share for the current year, with EPS estimates ranging from $0.30 to $0.49. For the next year, analysts anticipate that the company will post earnings of $0.74 per share, with EPS estimates ranging from $0.60 to $0.87. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Nexeo Solutions.

Several equities research analysts recently weighed in on the company. Jefferies Group LLC reissued a “hold” rating and set a $8.50 price objective (down previously from $9.50) on shares of Nexeo Solutions in a report on Thursday. Zacks Investment Research raised Nexeo Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.50.

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Nexeo Solutions (NASDAQ NXEO) traded down 0.52% during midday trading on Thursday, hitting $7.70. The stock had a trading volume of 154,884 shares. The company’s 50-day moving average price is $8.22 and its 200 day moving average price is $8.83. The company has a market capitalization of $687.39 million and a PE ratio of 62.10. Nexeo Solutions has a 52 week low of $7.13 and a 52 week high of $9.94.

In other news, Director William Waldorf Astor III acquired 10,850 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average price of $9.05 per share, with a total value of $98,192.50. Following the acquisition, the director now directly owns 31,603 shares in the company, valued at approximately $286,007.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Park West Asset Management Llc sold 2,000,000 shares of the firm’s stock in a transaction on 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. In the last three months, insiders have sold 2,448,693 shares of company stock worth $20,144,098. 0.07% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in NXEO. Nationwide Fund Advisors bought a new position in shares of Nexeo Solutions during the second quarter valued at approximately $121,000. Symphony Asset Management LLC increased its position in shares of Nexeo Solutions by 4.2% in the second quarter. Symphony Asset Management LLC now owns 20,346 shares of the basic materials company’s stock valued at $169,000 after buying an additional 815 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Nexeo Solutions during the second quarter valued at approximately $213,000. Rhumbline Advisers bought a new position in shares of Nexeo Solutions during the second quarter valued at approximately $229,000. Finally, Steinberg Global Asset Management increased its position in shares of Nexeo Solutions by 3.7% in the second quarter. Steinberg Global Asset Management now owns 27,699 shares of the basic materials company’s stock valued at $230,000 after buying an additional 1,000 shares during the last quarter. 84.03% of the stock is currently owned by institutional investors.

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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