Newell Brands Inc. (NYSE:NWL) – Analysts at Oppenheimer Holdings lowered their Q3 2017 EPS estimates for shares of Newell Brands in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst R. Parikh now forecasts that the company will post earnings of $0.86 per share for the quarter, down from their prior estimate of $0.94. Oppenheimer Holdings currently has a “Hold” rating and a $50.00 price target on the stock. Oppenheimer Holdings also issued estimates for Newell Brands’ Q4 2017 earnings at $0.93 EPS and FY2017 earnings at $3.00 EPS.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Wednesday, July 12th. Jefferies Group LLC cut their price target on shares of Newell Brands from $65.00 to $63.00 and set a “buy” rating for the company in a research report on Thursday. BidaskClub lowered shares of Newell Brands from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada restated a “top pick” rating and set a $60.00 price target on shares of Newell Brands in a research report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Newell Brands has an average rating of “Buy” and a consensus target price of $57.93.

WARNING: “Oppenheimer Holdings Research Analysts Lower Earnings Estimates for Newell Brands Inc. (NWL)” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/08/oppenheimer-holdings-research-analysts-lower-earnings-estimates-for-newell-brands-inc-nwl.html.

Newell Brands (NYSE:NWL) opened at 44.76 on Friday. The firm has a market capitalization of $21.94 billion, a P/E ratio of 17.88 and a beta of 1.19. The firm’s 50-day moving average price is $50.19 and its 200 day moving average price is $50.31. Newell Brands has a one year low of $43.43 and a one year high of $55.08.

Newell Brands (NYSE:NWL) last announced its earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The firm had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.96 billion. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS.

Hedge funds have recently added to or reduced their stakes in the stock. BDO Wealth Advisors LLC bought a new position in Newell Brands in the second quarter worth about $107,000. Harfst & Associates Inc. bought a new position in shares of Newell Brands during the first quarter valued at approximately $103,000. Israel Discount Bank of New York bought a new position in shares of Newell Brands during the first quarter valued at approximately $112,000. BB&T Investment Services Inc. bought a new position in shares of Newell Brands during the second quarter valued at approximately $143,000. Finally, Parallel Advisors LLC increased its stake in shares of Newell Brands by 23.0% during the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock valued at $132,000 after purchasing an additional 544 shares in the last quarter. 92.43% of the stock is owned by institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Tuesday, August 29th. Newell Brands’s payout ratio is currently 36.95%.

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.

Earnings History and Estimates for Newell Brands (NYSE:NWL)

Receive News & Ratings for Newell Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.