Diversey (NASDAQ:DSEY) Releases FY 2022 Earnings Guidance

Diversey (NASDAQ:DSEY – Get Rating) issued an update on its FY 2022 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of -$0.53–$0.53 for the period, compared to the consensus estimate of $0.30. The company issued revenue guidance of $2.80 billion-$2.80 billion, compared to the consensus revenue estimate of $2.76 billion.

Diversey Price Performance

Shares of NASDAQ DSEY opened at $7.96 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.35 and a quick ratio of 0.94. Diversey has a 1 year low of $3.95 and a 1 year high of $10.68. The firm has a 50-day moving average of $6.12 and a 200 day moving average of $5.41.

Diversey (NASDAQ:DSEY – Get Rating) last announced its quarterly earnings results on Friday, March 17th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Diversey had a positive return on equity of 15.06% and a negative net margin of 5.32%. The company had revenue of $701.60 million during the quarter, compared to the consensus estimate of $695.41 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. Research analysts anticipate that Diversey will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on DSEY. Royal Bank of Canada lifted their price target on shares of Diversey from $6.00 to $8.40 and gave the stock a sector perform rating in a research note on Thursday, March 9th. Credit Suisse Group lowered shares of Diversey from an outperform rating to a neutral rating and reduced their price target for the stock from $9.00 to $8.40 in a research note on Monday, March 13th. The Goldman Sachs Group cut their target price on shares of Diversey from $7.70 to $6.70 and set a neutral rating for the company in a research report on Tuesday, January 10th. BMO Capital Markets boosted their target price on shares of Diversey from $5.80 to $8.40 and gave the company a market perform rating in a research report on Thursday, March 9th. Finally, Mizuho boosted their target price on shares of Diversey from $6.00 to $8.40 and gave the company a neutral rating in a research report on Monday, March 13th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to MarketBeat, Diversey presently has an average rating of Hold and a consensus target price of $7.97.

Hedge Funds Weigh In On Diversey

Large investors have recently added to or reduced their stakes in the company. Point72 Middle East FZE purchased a new position in Diversey during the fourth quarter valued at approximately $28,000. Citigroup Inc. lifted its holdings in shares of Diversey by 110.7% in the first quarter. Citigroup Inc. now owns 8,929 shares of the company’s stock worth $67,000 after buying an additional 4,691 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Diversey in the second quarter worth $62,000. Virtu Financial LLC purchased a new position in shares of Diversey in the second quarter worth $70,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Diversey in the third quarter worth $60,000. Hedge funds and other institutional investors own 94.64% of the company’s stock.

Diversey Company Profile

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Diversey Holdings, Ltd., through its subsidiaries, provides infection prevention and cleaning solutions worldwide. It operates in two segments, Institutional, and Food & Beverage. The Institutional segment offers products, solutions, equipment, and machines, including infection prevention and personal care products, floor and building care chemicals, kitchen and mechanical ware wash chemicals and machines, dosing and dispensing equipment, and floor care machines, as well as engineering, consulting, and training services related to productivity management, water and energy management, and risk management.