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.

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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.

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

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