Forward View Comments on Newell Brands Inc.’s Q3 2017 Earnings (NWL)
Newell Brands Inc. (NYSE:NWL) – Investment analysts at Forward View decreased their Q3 2017 earnings per share (EPS) estimates for Newell Brands in a research report issued on Friday. Forward View analyst N. Yates now anticipates that the company will post earnings per share of $0.89 for the quarter, down from their prior forecast of $0.96. Forward View also issued estimates for Newell Brands’ Q4 2017 earnings at $0.93 EPS.
Several other equities research analysts also recently issued reports on NWL. Royal Bank Of Canada restated a “buy” rating and set a $60.00 price objective on shares of Newell Brands in a report on Thursday, June 8th. BidaskClub downgraded Newell Brands from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Saturday, July 1st. Jefferies Group LLC restated a “buy” rating and set a $66.00 price objective (up from $65.00) on shares of Newell Brands in a report on Thursday, July 6th. Finally, BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the stock a “hold” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Newell Brands has a consensus rating of “Buy” and a consensus price target of $57.93.
Newell Brands (NWL) opened at 44.04 on Monday. The firm’s 50-day moving average is $49.93 and its 200-day moving average is $50.26. Newell Brands has a 52-week low of $43.43 and a 52-week high of $55.08. The stock has a market capitalization of $21.58 billion, a price-to-earnings ratio of 17.59 and a beta of 1.19.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the firm posted $0.78 EPS. Newell Brands’s revenue for the quarter was up 5.1% compared to the same quarter last year.
A number of large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC boosted its position in Newell Brands by 57.4% during the 2nd quarter. Lord Abbett & CO. LLC now owns 3,200,022 shares of the company’s stock valued at $171,585,000 after purchasing an additional 1,167,393 shares during the period. Toronto Dominion Bank boosted its position in Newell Brands by 24.4% during the 2nd quarter. Toronto Dominion Bank now owns 168,861 shares of the company’s stock valued at $9,053,000 after purchasing an additional 33,082 shares during the period. Cetera Investment Advisers acquired a new position in Newell Brands during the 2nd quarter valued at approximately $263,000. WINTON GROUP Ltd acquired a new position in Newell Brands during the 2nd quarter valued at approximately $202,000. Finally, Sterling Capital Management LLC boosted its position in Newell Brands by 2.8% during the 2nd quarter. Sterling Capital Management LLC now owns 1,030,125 shares of the company’s stock valued at $55,235,000 after purchasing an additional 27,852 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.
The business also recently disclosed 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. 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 2.09%. 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.
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