Nielsen (NLSN) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Nielsen (NYSE:NLSN) issued its quarterly earnings results on Thursday. The business services provider reported $0.71 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.04), Morningstar.com reports. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.76 billion. Nielsen had a return on equity of 16.85% and a net margin of 6.53%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. Nielsen updated its FY17 guidance to $1.40-1.46 EPS.
Nielsen (NYSE:NLSN) traded down $0.20 during trading on Friday, hitting $33.70. 12,168,999 shares of the stock traded hands, compared to its average volume of 3,978,794. The firm has a market capitalization of $12,090.24, a PE ratio of 27.85, a PEG ratio of 1.73 and a beta of 0.91. Nielsen has a 12 month low of $33.50 and a 12 month high of $45.73. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.41 and a quick ratio of 1.41.
In other news, CFO Jamere Jackson sold 16,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $36.30, for a total value of $580,800.00. Following the completion of the transaction, the chief financial officer now owns 93,138 shares in the company, valued at $3,380,909.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Luca Guerrino De purchased 1,369 shares of Nielsen stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $36.54 per share, with a total value of $50,023.26. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.
A number of research analysts recently issued reports on NLSN shares. Zacks Investment Research cut shares of Nielsen from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Macquarie cut shares of Nielsen from an “outperform” rating to a “neutral” rating and set a $38.00 price objective for the company. in a report on Tuesday, January 2nd. Barclays cut shares of Nielsen from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $45.00 to $38.00 in a report on Thursday, December 14th. Citigroup upgraded shares of Nielsen from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Friday, November 17th. Finally, Robert W. Baird upgraded shares of Nielsen from a “neutral” rating to an “outperform” rating in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $42.71.
Nielsen N.V. (Nielsen), formerly Nielsen Holdings N.V., is an information and measurement company. The Company is engaged in providing clients with an understanding of consumers and consumer behavior. The Company delivers media and marketing information, and analytics on a global and local basis. Nielsen operates through two business segments: Buy and Watch.
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