Oppenheimer Holdings Research Analysts Lower Earnings Estimates for Newell Brands Inc. (NWL)
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.
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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.
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