Trader’s Buzzers – Unilever NV (ADR) (NYSE:UN), EOG Resources Inc (NYSE:EOG)
Unilever NV (ADR) (NYSE:UN) traded 2,924,728 shares on last trading session with closing price of $50.99.
Unilever stated quarterly sales growth that beat estimates and affirmed its outlook for the year in its first results declaration since rebuffing a takeover approach from Kraft Heinz Co.
Underlying sales rose 2.9 percent in the first quarter, the maker of Dove soap and Magnum ice cream said Thursday, contrast with the 1.9 percent median estimate of analysts surveyed by Bloomberg. Growth accelerated from 2.2 percent in the fourth quarter.
The company cited gains in its home- and personal-care businesses, while sales were unchanged in the food division. The ice-cream unit was assisted by new products such as chocolate-coated Magnum pints in a tub. The shares rose as much as 1.3 percent in early trading in Amsterdam.
“It’s a solid kick-off, with ice-cream’s very strong finish to the quarter as the sun was shining in Europe,” Chief Financial Officer Graeme Pitkethly said in a phone interview.
Unilever said it anticipates an improvement in its operating margins of at least 80 basis points this year as it steps up efficiencies in response to the Kraft Heinz takeover approach. Pricing raised by 3 percent in the quarter, while volume fell 0.1 percent, both measures beating analyst estimates.
After fending off the bid in February, Chief Executive Officer Paul Polman said the company will deliver on promises to increase shareholder returns via buybacks and lift profitability aims. Unilever has grappled with lower consumer prices in Europe and a slowdown in emerging markets such as China and India that account for about 60 percent of sales. (Source: Bloomberg)
UN was trading -0.78% below its 52-week high and 33.87% above its 52-week low. Its last 5-Year EPS growth stands at 5.10%; with earnings growth of 10.50% yoy. The stock stands 6.84% above the average-price of 50 days and 1.22% compared with the SMA 20.
The stock has a 1-year performance up 11.97% and a positive weekly performance at 0.18%. Moreover, the stock is up 1.74% in one month through last close, to $50.99, showing a 24.29% return during the past three months. The company is set at a mean analysts’ recommendation of 3.00.
EOG Resources Inc (NYSE:EOG) shares moved to $93.29 after opening the day at $94.93, on Wednesday. The stock floated in a price range of $92.93 to $95.42, with market capitalization of $53.33B. The stock exchanged hands with 3,108,783 shares lower as compared to its average daily volume of 3.29M shares. If we take a look on its volatility, 1.94 percent was seen in a week and for the month it was 1.97 percent.
The company’s net profit margin stands at -14.70% whereas its return on equity (ROE) is -8.70%. It has 577.16M of outstanding shares and its shares float measured at 574.55M. The average analysts gave this company a mean recommendation of 2.10.