Q4 2017 EPS Estimates for Newell Brands Inc. (NWL) Decreased by SunTrust Banks
Newell Brands Inc. (NYSE:NWL) – Equities research analysts at SunTrust Banks cut their Q4 2017 earnings per share (EPS) estimates for Newell Brands in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst W. Chappell now forecasts that the company will earn $0.88 per share for the quarter, down from their prior estimate of $0.95.
Several other equities analysts have also recently commented on NWL. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $60.00 price target on shares of Newell Brands in a research report on Tuesday, August 29th. Jefferies Group LLC reaffirmed a “buy” rating and set a $66.00 price target (up previously from $65.00) on shares of Newell Brands in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Saturday, July 1st. BidaskClub cut shares of Newell Brands from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, J P Morgan Chase & Co set a $61.00 price target on shares of Newell Brands and gave the stock a “buy” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $57.93.
ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/09/08/q4-2017-eps-estimates-for-newell-brands-inc-nwl-decreased-by-suntrust-banks.html.
Shares of Newell Brands (NYSE NWL) opened at 44.76 on Friday. Newell Brands has a one year low of $43.43 and a one year high of $55.08. The stock 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 (NYSE:NWL) last announced its quarterly earnings results on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. The company had revenue of $4.06 billion during 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%. Newell Brands’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of NWL. Harfst & Associates Inc. bought a new position in Newell Brands in the first quarter worth about $103,000. BDO Wealth Advisors LLC bought a new position in Newell Brands in the second quarter worth about $107,000. Israel Discount Bank of New York bought a new position in Newell Brands in the first quarter worth about $112,000. Parallel Advisors LLC lifted its holdings in Newell Brands by 23.0% in the first quarter. Parallel Advisors LLC now owns 2,906 shares of the company’s stock worth $132,000 after acquiring an additional 544 shares during the last quarter. Finally, BB&T Investment Services Inc. bought a new position in Newell Brands in the second quarter worth about $143,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 2.06%. Newell Brands’s dividend 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.
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.