FY2017 EPS Estimates for Newell Brands Inc. Boosted by Analyst (NWL)
Newell Brands Inc. (NYSE:NWL) – Equities research analysts at Forward View boosted their FY2017 earnings estimates for Newell Brands in a note issued to investors on Monday. Forward View analyst N. Yates now anticipates that the company will post earnings of $3.13 per share for the year, up from their prior forecast of $3.11. Forward View also issued estimates for Newell Brands’ Q3 2018 earnings at $1.14 EPS and Q4 2018 earnings at $1.23 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, beating analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/08/08/fy2017-eps-estimates-for-newell-brands-inc-boosted-by-analyst-nwl.html.
A number of other analysts have also weighed in on NWL. UBS AG set a $60.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $65.00 price objective (down previously from $66.00) on shares of Newell Brands in a research note on Monday. J P Morgan Chase & Co set a $61.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Tuesday, August 1st. Finally, BidaskClub lowered shares of Newell Brands from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $58.07.
Shares of Newell Brands (NYSE:NWL) opened at 51.31 on Tuesday. The stock’s 50 day moving average is $53.31 and its 200-day moving average is $49.86. The company has a market cap of $24.79 billion, a P/E ratio of 21.78 and a beta of 1.17. Newell Brands has a 12 month low of $43.43 and a 12 month high of $55.45.
Institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. increased its position in Newell Brands by 10.4% in the first quarter. Whittier Trust Co. now owns 5,737 shares of the company’s stock valued at $271,000 after buying an additional 540 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in Newell Brands by 8.0% in the first quarter. Glen Harbor Capital Management LLC now owns 51,952 shares of the company’s stock valued at $2,450,000 after buying an additional 3,842 shares during the last quarter. Quantbot Technologies LP increased its position in Newell Brands by 396.0% in the first quarter. Quantbot Technologies LP now owns 87,695 shares of the company’s stock valued at $4,136,000 after buying an additional 70,014 shares during the last quarter. Viking Fund Management LLC increased its position in Newell Brands by 39.1% in the first quarter. Viking Fund Management LLC now owns 16,000 shares of the company’s stock valued at $755,000 after buying an additional 4,500 shares during the last quarter. Finally, King Luther Capital Management Corp increased its position in Newell Brands by 3.8% in the first quarter. King Luther Capital Management Corp now owns 3,172,430 shares of the company’s stock valued at $149,644,000 after buying an additional 114,855 shares during the last quarter. 94.42% of the stock is currently owned by institutional investors and hedge funds.
About Newell Brands
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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