Analysts Offer Predictions for Newell Brands Inc.’s FY2018 Earnings (NYSE:NWL)
Newell Brands Inc. (NYSE:NWL) – Investment analysts at Gabelli lowered their FY2018 earnings per share estimates for shares of Newell Brands in a note issued to investors on Monday. Gabelli analyst Z. Bodini now forecasts that the company will earn $3.45 per share for the year, down from their previous forecast of $3.60. Gabelli also issued estimates for Newell Brands’ FY2020 earnings at $4.60 EPS and FY2021 earnings at $5.15 EPS.
Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The business had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS.
Other equities analysts also recently issued research reports about the company. BidaskClub upgraded Newell Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Saturday, July 1st. UBS AG set a $60.00 target price on Newell Brands and gave the company a “buy” rating in a research report on Tuesday, May 9th. Jefferies Group LLC raised their target price on Newell Brands from $61.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $60.00 target price on shares of Newell Brands in a research report on Thursday, June 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Newell Brands has a consensus rating of “Buy” and an average target price of $58.07.
Shares of Newell Brands (NYSE NWL) traded down 0.43% during mid-day trading on Tuesday, hitting $51.09. The stock had a trading volume of 2,033,822 shares. The stock has a market cap of $24.68 billion, a P/E ratio of 21.69 and a beta of 1.17. Newell Brands has a one year low of $43.43 and a one year high of $55.45. The firm has a 50 day moving average of $53.31 and a 200-day moving average of $49.86.
A number of institutional investors have recently made changes to their positions in NWL. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Newell Brands by 10.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 961,051 shares of the company’s stock worth $51,532,000 after buying an additional 93,400 shares during the last quarter. BDO Wealth Advisors LLC bought a new position in shares of Newell Brands during the second quarter worth approximately $107,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Newell Brands by 33.5% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 113,956 shares of the company’s stock worth $6,110,000 after buying an additional 28,612 shares during the last quarter. Andra AP fonden increased its position in shares of Newell Brands by 5.9% in the second quarter. Andra AP fonden now owns 21,500 shares of the company’s stock worth $1,153,000 after buying an additional 1,200 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of Newell Brands by 1.6% in the second quarter. Penserra Capital Management LLC now owns 4,160 shares of the company’s stock worth $223,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 94.42% 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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