Q3 2017 Earnings Forecast for Newell Brands Inc. Issued By Jefferies Group (NWL)
Newell Brands Inc. (NYSE:NWL) – Research analysts at Jefferies Group lowered their Q3 2017 EPS estimates for shares of Newell Brands in a research report issued to clients and investors on Thursday. Jefferies Group analyst K. Grundy now expects that the company will earn $0.93 per share for the quarter, down from their previous estimate of $1.01. Jefferies Group has a “Buy” rating and a $63.00 price target on the stock. Jefferies Group also issued estimates for Newell Brands’ Q4 2017 earnings at $0.86 EPS, FY2017 earnings at $3.00 EPS, FY2018 earnings at $3.60 EPS and FY2019 earnings at $4.20 EPS.
Newell Brands (NYSE:NWL) last issued its earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the company posted $0.78 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year.
Several other analysts have also commented on the stock. Oppenheimer Holdings, Inc. restated a “hold” rating and issued a $50.00 price objective on shares of Newell Brands in a report on Wednesday. Royal Bank Of Canada restated a “top pick” rating and issued a $60.00 price objective on shares of Newell Brands in a report on Tuesday, August 29th. BidaskClub lowered shares of Newell Brands from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. 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 report on Monday, August 7th. Finally, BMO Capital Markets set a $51.00 target price on shares of Newell Brands and gave the company a “hold” rating in a report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $57.93.
Shares of Newell Brands (NYSE:NWL) opened at 44.76 on Friday. Newell Brands has a 12 month low of $43.43 and a 12 month high of $55.08. The company has a market capitalization of $21.94 billion, a price-to-earnings ratio of 17.88 and a beta of 1.19. The company has a 50-day moving average price of $50.19 and a 200-day moving average price of $50.31.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, August 29th. Newell Brands’s dividend payout ratio (DPR) is currently 36.95%.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in shares of Newell Brands by 0.5% during the first quarter. Fifth Third Bancorp now owns 7,137 shares of the company’s stock valued at $337,000 after acquiring an additional 39 shares in the last quarter. Cleararc Capital Inc. increased its position in shares of Newell Brands by 0.5% during the first quarter. Cleararc Capital Inc. now owns 10,902 shares of the company’s stock valued at $514,000 after acquiring an additional 51 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Newell Brands by 1.6% during the second quarter. Penserra Capital Management LLC now owns 4,160 shares of the company’s stock valued at $223,000 after acquiring an additional 66 shares in the last quarter. QS Investors LLC increased its position in shares of Newell Brands by 1.1% during the second quarter. QS Investors LLC now owns 6,040 shares of the company’s stock valued at $324,000 after acquiring an additional 68 shares in the last quarter. Finally, Savant Capital LLC increased its position in shares of Newell Brands by 1.9% during the first quarter. Savant Capital LLC now owns 4,868 shares of the company’s stock valued at $230,000 after acquiring an additional 90 shares in the last quarter. 92.43% of the stock is owned by institutional investors.
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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