Erste Group Bank Lowers Earnings Estimates for Unilever

by · The Cerbat Gem

Unilever PLC (NYSE:UL – Free Report) – Equities research analysts at Erste Group Bank dropped their FY2027 earnings per share estimates for shares of Unilever in a research note issued on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now anticipates that the company will earn $4.00 per share for the year, down from their previous forecast of $4.01. The consensus estimate for Unilever’s current full-year earnings is $3.53 per share.

Several other analysts also recently commented on UL. Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a report on Monday, July 6th. TD Cowen reiterated a “buy” rating on shares of Unilever in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $65.55.

View Our Latest Analysis on Unilever

Unilever Stock Performance

Shares of NYSE:UL opened at $63.60 on Monday. The business has a fifty day moving average price of $63.09 and a 200-day moving average price of $61.02. Unilever has a 1-year low of $54.75 and a 1-year high of $74.97.

Unilever (NYSE:UL – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The business had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion.

Hedge Funds Weigh In On Unilever

Several hedge funds and other institutional investors have recently bought and sold shares of UL. Keystone Financial Planning Inc. increased its position in Unilever by 5.0% during the second quarter. Keystone Financial Planning Inc. now owns 160,522 shares of the company’s stock valued at $9,651,000 after acquiring an additional 7,640 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Unilever in the second quarter worth about $10,344,000. Tidal Investments LLC boosted its position in Unilever by 26.4% in the second quarter. Tidal Investments LLC now owns 20,441 shares of the company’s stock worth $1,229,000 after purchasing an additional 4,265 shares during the last quarter. Whetstone Capital Advisors LLC grew its stake in shares of Unilever by 14.2% during the 2nd quarter. Whetstone Capital Advisors LLC now owns 4,444 shares of the company’s stock valued at $267,000 after purchasing an additional 551 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in shares of Unilever during the 2nd quarter valued at about $969,000. Institutional investors own 9.67% of the company’s stock.

Unilever Company Profile

(Get Free Report)

Unilever PLC is a global consumer goods company that develops, markets and sells products across beauty and wellbeing, personal care, home care and foods. Its portfolio includes well-known brands such as Dove, Vaseline, Axe, TRESemmé, Sunsilk, Hellmann’s, Knorr, Cif, Domestos and OMO or Persil, depending on the market.

The company serves consumers in markets around the world, with products distributed through retail stores, e-commerce platforms and other channels. Its offerings include skin and hair care, deodorants, oral care, household cleaning products, dressings, condiments, soups and cooking products.

Unilever was created in 1929 through the combination of Margarine Unie, a Dutch margarine producer, and Lever Brothers, a British soap maker.

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