FY2017 Earnings Forecast for Newell Rubbermaid Inc. (NWL) Issued By Gabelli
Newell Rubbermaid Inc. (NYSE:NWL) – Research analysts at Gabelli dropped their FY2017 earnings estimates for shares of Newell Rubbermaid in a research note issued to investors on Thursday. Gabelli analyst Z. Bodini now forecasts that the brokerage will earn $3.05 per share for the year, down from their previous estimate of $3.15. Gabelli also issued estimates for Newell Rubbermaid’s FY2018 earnings at $3.55 EPS.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period last year, the firm earned $0.64 EPS. The firm’s revenue for the quarter was up 147.2% on a year-over-year basis.
Other equities analysts have also issued reports about the company. B. Riley restated a “buy” rating and set a $60.00 price target on shares of Newell Rubbermaid in a research note on Monday, August 1st. Zacks Investment Research lowered Newell Rubbermaid from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. Royal Bank Of Canada reiterated a “top pick” rating and issued a $60.00 price objective on shares of Newell Rubbermaid in a research note on Monday, August 1st. Citigroup Inc. reiterated a “buy” rating and issued a $61.00 price objective on shares of Newell Rubbermaid in a research note on Tuesday, August 2nd. Finally, Jefferies Group reiterated a “buy” rating and issued a $59.00 price objective on shares of Newell Rubbermaid in a research note on Wednesday, June 29th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $57.50.
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Newell Rubbermaid (NYSE:NWL) opened at 52.25 on Monday. Newell Rubbermaid has a 12 month low of $33.26 and a 12 month high of $55.45. The firm has a market capitalization of $25.19 billion, a PE ratio of 50.68 and a beta of 1.18. The stock’s 50 day moving average price is $52.06 and its 200 day moving average price is $49.31.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its position in Newell Rubbermaid by 24.5% in the first quarter. Wellington Management Group LLP now owns 5,585,781 shares of the company’s stock valued at $247,395,000 after buying an additional 1,100,593 shares in the last quarter. Prudential PLC increased its position in Newell Rubbermaid by 0.7% in the first quarter. Prudential PLC now owns 1,894,900 shares of the company’s stock valued at $83,925,000 after buying an additional 13,827 shares in the last quarter. Geode Capital Management LLC increased its position in Newell Rubbermaid by 2.3% in the first quarter. Geode Capital Management LLC now owns 2,149,126 shares of the company’s stock valued at $94,988,000 after buying an additional 47,310 shares in the last quarter. Loomis Sayles & Co. L P purchased a new position in Newell Rubbermaid during the first quarter valued at about $27,833,000. Finally, Primecap Management Co. CA increased its position in Newell Rubbermaid by 13.1% in the first quarter. Primecap Management Co. CA now owns 778,060 shares of the company’s stock valued at $34,460,000 after buying an additional 90,000 shares in the last quarter. 93.12% of the stock is currently owned by hedge funds and other institutional investors.
Newell Rubbermaid Company Profile
Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.
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