Erste Group Bank Reduces Earnings Estimates for Unilever

Unilever PLC (NYSE:UL) – Equities researchers at Erste Group Bank decreased their FY2027 earnings per share estimates for Unilever in a report released on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now anticipates that the company will earn $3.85 per share for the year, down from their prior forecast of $4.00. The consensus estimate for Unilever’s current full-year earnings is $3.54 per share.

Several other analysts also recently issued reports on the stock. DZ Bank reaffirmed a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Unilever in a report on Tuesday, July 28th. UBS Group reissued a “sell” rating on shares of Unilever in a research report on Monday, August 3rd. Barclays reissued a “buy” rating on shares of Unilever in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Unilever has an average rating of “Hold” and a consensus price target of $65.55.

Unilever Stock Performance

Shares of Unilever stock opened at $62.91 on Tuesday. The firm has a fifty day simple moving average of $62.78 and a 200-day simple moving average of $60.35. Unilever has a 1-year low of $54.75 and a 1-year high of $74.97.

Unilever (NYSE:UL) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.25). The business had revenue of $14.62 billion during the quarter, compared to the consensus estimate of $14.80 billion.

Institutional Trading of Unilever

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP lifted its position in shares of Unilever by 21.2% during the 2nd quarter. Corient Private Wealth LP now owns 533,030 shares of the company’s stock worth $32,046,000 after buying an additional 93,161 shares during the period. First Eagle Investment Management LLC boosted its stake in Unilever by 4.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 842,507 shares of the company’s stock valued at $50,652,000 after buying an additional 36,567 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Unilever in the second quarter valued at $10,344,000. Saturna Capital Corp grew its position in Unilever by 38.0% in the first quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock valued at $45,252,000 after acquiring an additional 218,767 shares during the period. Finally, Diversify Wealth Management LLC grew its position in Unilever by 77.6% in the first quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock valued at $2,226,000 after acquiring an additional 17,093 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Company Profile

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, manufactures and markets branded products across beauty and wellbeing, personal care, home care and nutrition. Its portfolio includes widely recognized brands such as Dove, Vaseline, Axe, Rexona, Cif, Domestos, Knorr, Hellmann’s and Magnum, although product availability varies by market.

The company’s products are sold through supermarkets, convenience stores, pharmacies, e-commerce platforms and other retail channels in countries around the world.