Nestle (NSRGY) Expected to Announce Earnings on Thursday

Nestle (OTCMKTS:NSRGY) is projected to post its resultson Thursday, July 23rd. Analysts expect Nestle to announce earnings of $2.54 per share and revenue of $27.52 billion for the quarter.

Nestle Price Performance

OTCMKTS NSRGY opened at $105.49 on Tuesday. The firm’s fifty day moving average is $100.97 and its two-hundred day moving average is $99.93. Nestle has a one year low of $86.98 and a one year high of $109.59. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.47 and a current ratio of 0.79.

Institutional Trading of Nestle

Several hedge funds have recently modified their holdings of NSRGY. Sfam LLC purchased a new stake in shares of Nestle in the fourth quarter valued at approximately $74,000. Vaughan David Investments LLC IL purchased a new stake in shares of Nestle during the 4th quarter worth $207,000. IHT Wealth Management LLC acquired a new position in shares of Nestle during the 2nd quarter worth $213,000. Verity Asset Management Inc. grew its stake in shares of Nestle by 41.7% during the 3rd quarter. Verity Asset Management Inc. now owns 6,725 shares of the company’s stock worth $617,000 after purchasing an additional 1,978 shares during the period. Finally, DF Dent & Co. Inc. increased its holdings in shares of Nestle by 219.6% in the 4th quarter. DF Dent & Co. Inc. now owns 7,192 shares of the company’s stock valued at $710,000 after purchasing an additional 4,942 shares in the last quarter. 0.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NSRGY. Jefferies Financial Group restated a “hold” rating on shares of Nestle in a research report on Sunday, June 28th. Erste Group Bank upgraded Nestle from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Morgan Stanley restated an “underweight” rating on shares of Nestle in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Nestle in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Nestle has a consensus rating of “Hold”.

Nestle Company Profile

Nestlé SA is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. Founded in 1866 by Henri Nestlé, the company has grown into a global consumer goods firm and its American depositary receipts trade in the United States under the OTCMKTS ticker NSRGY. Nestlé operates across a broad range of food and beverage categories and is widely recognized for its portfolio of consumer-facing brands and products.

The company’s main business activities include the manufacture, marketing and distribution of products in categories such as coffee and other beverages, bottled water, dairy and infant nutrition, prepared meals and culinary products, confectionery, and pet care.