Newell Rubbermaid Inc. (NWL) Releases FY14 Earnings Guidance
Newell Rubbermaid Inc. (NYSE:NWL) updated its FY14 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $1.94-2.00 for the period, compared to the Thomson Reuters consensus estimate of $2.00, Stock Ratings News reports.
Several analysts have recently commented on the stock. Analysts at BTIG Research initiated coverage on shares of Newell Rubbermaid in a research note to investors on Wednesday. They set a buy rating on the stock. On a related note, analysts at KeyCorp initiated coverage on shares of Newell Rubbermaid in a research note to investors on Monday, December 16th. They set a buy rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Newell Rubbermaid in a research note to investors on Tuesday, November 26th. They set an outperform rating and a $35.00 price target on the stock. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Newell Rubbermaid has a consensus rating of Buy and a consensus price target of $32.00.
Newell Rubbermaid Inc. (NYSE:NWL) traded up 2.48% on Friday, hitting $31.02. The stock had a trading volume of 3,152,245 shares. Newell Rubbermaid Inc. has a 52-week low of $22.24 and a 52-week high of $32.54. The stock has a 50-day moving average of $31.68 and a 200-day moving average of $28.79. The company has a market cap of $8.909 billion and a P/E ratio of 19.37. Newell Rubbermaid also was the target of unusually large options trading on Thursday. Stock traders purchased 9,503 put options on the stock. This represents an increase of approximately 1,455% compared to the typical daily volume of 611 put options.
Newell Rubbermaid (NYSE:NWL) last announced its earnings results on Thursday, January 30th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that Newell Rubbermaid Inc. will post $1.83 EPS for the current fiscal year.
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.
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