Q3 2017 EPS Estimates for Newell Brands Inc. Increased by Analyst (NYSE:NWL)
Newell Brands Inc. (NYSE:NWL) – Oppenheimer Holdings lifted their Q3 2017 earnings per share estimates for shares of Newell Brands in a report released on Friday. Oppenheimer Holdings analyst R. Parikh now forecasts that the company will earn $0.94 per share for the quarter, up from their previous estimate of $0.92. Oppenheimer Holdings also issued estimates for Newell Brands’ Q4 2017 earnings at $0.97 EPS, FY2017 earnings at $3.12 EPS, FY2018 earnings at $3.50 EPS and FY2019 earnings at $3.90 EPS.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. Newell Brands had a return on equity of 11.07% and a net margin of 7.40%. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the company earned $0.78 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis.
A number of other equities research analysts have also recently issued reports on NWL. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Tuesday, April 11th. B. Riley restated a “buy” rating and set a $71.00 price objective on shares of Newell Brands in a report on Friday, April 14th. Wells Fargo & Company restated a “buy” rating on shares of Newell Brands in a report on Saturday, April 22nd. Royal Bank Of Canada restated a “top pick” rating and set a $60.00 price objective on shares of Newell Brands in a report on Monday, May 1st. Finally, Jefferies Group LLC boosted their price objective on Newell Brands from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.21.
Shares of Newell Brands (NWL) opened at 50.69 on Monday. The firm has a 50 day moving average price of $53.31 and a 200-day moving average price of $49.86. Newell Brands has a 12 month low of $43.43 and a 12 month high of $55.45. The company has a market cap of $24.49 billion, a P/E ratio of 21.52 and a beta of 1.17.
In other Newell Brands news, Director Thomas E. Clarke sold 5,353 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $52.49, for a total transaction of $280,978.97. Following the completion of the transaction, the director now directly owns 66,286 shares in the company, valued at $3,479,352.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.97% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in NWL. Fifth Third Bancorp increased its position in shares of Newell Brands by 0.5% in the first quarter. Fifth Third Bancorp now owns 7,137 shares of the company’s stock valued at $337,000 after buying an additional 39 shares in the last quarter. Cleararc Capital Inc. increased its position in shares of Newell Brands by 0.5% in the first quarter. Cleararc Capital Inc. now owns 10,902 shares of the company’s stock valued at $514,000 after buying an additional 51 shares in the last quarter. Savant Capital LLC increased its position in shares of Newell Brands by 1.9% in the first quarter. Savant Capital LLC now owns 4,868 shares of the company’s stock valued at $230,000 after buying an additional 90 shares in the last quarter. FTB Advisors Inc. increased its position in shares of Newell Brands by 1.9% in the first quarter. FTB Advisors Inc. now owns 7,088 shares of the company’s stock valued at $334,000 after buying an additional 134 shares in the last quarter. Finally, United Asset Strategies Inc. increased its position in shares of Newell Brands by 2.8% in the first quarter. United Asset Strategies Inc. now owns 4,887 shares of the company’s stock valued at $231,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 94.28% of the company’s stock.
Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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