Newell Rubbermaid Inc. (NWL) Releases FY13 Earnings Guidance
Newell Rubbermaid Inc. (NYSE:NWL) updated its FY13 earnings guidance on Friday. The company provided EPS guidance of $1.80-1.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.82, American Banking News.com reports.
Shares of Newell Rubbermaid Inc. (NYSE:NWL) opened at 28.92 on Friday. Newell Rubbermaid Inc. has a 52-week low of $18.80 and a 52-week high of $28.47. The stock’s 50-day moving average is $26.3 and its 200-day moving average is $26.24. The company has a market cap of $8.329 billion and a P/E ratio of 22.81.
Newell Rubbermaid (NYSE:NWL) last released its earnings data on Friday, October 25th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis.
NWL has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of Newell Rubbermaid in a research note to investors on Monday, October 7th. They set an outperform rating on the stock. On a related note, analysts at Ned Davis Research upgraded shares of Newell Rubbermaid from a neutral rating to a buy rating in a research note to investors on Monday, September 30th. Finally, analysts at Zacks reiterated a neutral rating on shares of Newell Rubbermaid in a research note to investors on Tuesday, August 13th. They now have a $28.00 price target on the stock. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $30.00.
Newell Rubbermaid Inc is a global marketer of consumer and commercial products. The Company’s products are marketed under a portfolio of brands, including Rubbermaid, Levolor, Goody, Calphalon, Sharpie, Paper Mate, Parker, Waterman, Irwin, Lenox, Graco, Aprica and Dymo.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.