SunTrust Banks Analysts Increase Earnings Estimates for Nielsen Holdings PLC (NLSN)

Nielsen Holdings PLC (NYSE:NLSN) – Equities research analysts at SunTrust Banks boosted their FY2019 earnings estimates for shares of Nielsen in a research report issued on Wednesday, May 1st, Zacks Investment Research reports. SunTrust Banks analyst M. Thornton now anticipates that the business services provider will post earnings of $1.58 per share for the year, up from their previous forecast of $1.55. SunTrust Banks currently has a “Buy” rating and a $28.00 target price on the stock. SunTrust Banks also issued estimates for Nielsen’s FY2020 earnings at $1.72 EPS.

Nielsen (NYSE:NLSN) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Nielsen had a positive return on equity of 15.52% and a negative net margin of 11.46%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 EPS.

Several other analysts have also commented on NLSN. Zacks Investment Research lowered Nielsen from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. ValuEngine lowered Nielsen from a “hold” rating to a “sell” rating in a report on Tuesday. Credit Suisse Group dropped their target price on Nielsen from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Finally, BMO Capital Markets raised their target price on Nielsen from $24.00 to $26.00 and gave the stock a “market perform” rating in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $27.58.

Nielsen stock traded down $0.23 during midday trading on Monday, hitting $22.36. 373,672 shares of the company were exchanged, compared to its average volume of 3,340,378. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.19 and a beta of 0.91. Nielsen has a fifty-two week low of $20.53 and a fifty-two week high of $32.06. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.76.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. lifted its position 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 valued at $169,000 after acquiring an additional 3,891 shares in the last quarter. Nordea Investment Management AB purchased a new position in Nielsen during the third quarter worth approximately $574,000. Legal & General Group Plc lifted its position in Nielsen by 5.5% during 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 buying an additional 93,562 shares in the last quarter. Vanguard Group Inc lifted its position in Nielsen by 1.9% during 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 buying an additional 688,591 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new position in Nielsen during the fourth quarter worth approximately $219,000. 96.89% of the stock is currently owned by institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 6.26%. The ex-dividend date of this dividend is Tuesday, June 4th. Nielsen’s payout ratio is currently 80.92%.

About Nielsen

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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