Newell Rubbermaid Inc. (NWL) Issues FY14 Earnings Guidance
Newell Rubbermaid Inc. (NYSE:NWL) updated its FY14 earnings guidance on Friday. The company provided EPS guidance of $1.94-2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.99, American Banking & Market News reports. The company issued revenue guidance of (net sales) $5.81-5.86 billion, compared to the consensus revenue estimate of $5.85 billion.
NWL has been the subject of a number of recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Newell Rubbermaid in a research note on Thursday, February 13th. They now have a $32.00 price target on the stock. Finally, analysts at RBC Capital reiterated an outperform rating on shares of Newell Rubbermaid in a research note on Monday, February 3rd. They now have a $35.00 price target on the stock. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Newell Rubbermaid currently has a consensus rating of Buy and a consensus price target of $32.15.
Newell Rubbermaid Inc. (NYSE:NWL) traded up 0.97% on Friday, hitting $32.1201. 640,989 shares of the company’s stock traded hands. Newell Rubbermaid Inc. has a 52-week low of $22.46 and a 52-week high of $32.54. The stock has a 50-day moving average of $31.34 and a 200-day moving average of $29.19. The company has a market cap of $9.103 billion and a price-to-earnings ratio of 19.55.
Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Newell Rubbermaid Inc. will post $1.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Wednesday, February 26th.
In other Newell Rubbermaid news, CFO Douglas Martin sold 62,089 shares of Newell Rubbermaid stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $31.41, for a total value of $1,950,215.49. Following the completion of the transaction, the chief financial officer now directly owns 18,918 shares in the company, valued at approximately $594,214. The sale was disclosed in a document filed with the SEC, which is available at this link.
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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