UL Stock Recent News
UL LATEST HEADLINES
Unilever PLC (NYSE:UL ) Barclays 17th Annual Global Consumer Staples Conference September 4, 2024 4:30 PM ET Corporate Participants Hein Schumacher - Chief Executive Officer Conference Call Participants Warren Ackerman - Barclays Warren Ackerman To the stage, thank you Hein for supporting the conference, it's great to see you. Hein Schumacher Good to see you again.
Luis Di Como, Unilever's global media head, will leave the company after 33 years. Di Como's exit coincides with Unilever's major restructuring and cost-cutting measures.
Does Unilever PLC (UL) have what it takes to be a top stock pick for momentum investors? Let's find out.
Shares of Aptamer Group PLC (AIM:APTA) rose by 4% following the announcement that the company has extended its contract with consumer giant Unilever PLC (LSE:ULVR) to advance the development of its Optimer binders for use in deodorant products. This extension, which follows successful lab-based tests, will allow the partnership to progress to efficacy testing in later this year.
Unilever (UL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Despite a noticeable rebound in Unilever PLC (LSE:ULVR)'s gross margins and an operating margin boost in the first half of 2024, investment bank Jefferies remains sceptical about the sustainability of these improvements. Analysts raised concerns about Unilever's future sales growth and free cash flow in a Tuesday broker note.
Unilever's new CEO has positively impacted the company, with a 20% share price increase and a return to positive volume growth. The company is separating its ice cream division valued at around $20B and plans to cut 1/3rd of office workers in the EU. We expect continued shareholder returns for Unilever in FY2024 and beyond due to improved growth and profitability prospects.
Unilever delivered solid top-line growth and margin expansion. Its ice cream spinoff plan is progressing.
Unilever (UL) American depositary receipts (ADRs) jumped 6% Thursday as the consumer-goods giant posted an earnings beat, showing it is weathering the inflation pain hitting consumers better than rival Nestle.
On Thursday, Unilever plc UL reported first-half adjusted EPS of 1.67 euros ($1.74), up from 1.39 euros a year ago.