Newell Brands Inc. (NWL) to Post Q4 2017 Earnings of $0.91 Per Share, Oppenheimer Holdings Forecasts
Newell Brands Inc. (NYSE:NWL) – Equities researchers at Oppenheimer Holdings lowered their Q4 2017 EPS estimates for Newell Brands in a research note issued to investors on Thursday. Oppenheimer Holdings analyst R. Parikh now expects that the company will earn $0.91 per share for the quarter, down from their previous estimate of $0.93. Oppenheimer Holdings has a “Hold” rating and a $50.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Newell Brands’ FY2018 earnings at $3.30 EPS and FY2019 earnings at $3.75 EPS.
NWL has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $60.00 price objective on shares of Newell Brands in a report on Tuesday, August 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $66.00 price objective (up previously from $65.00) on shares of Newell Brands in a 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 objective on the stock in a report on Saturday, July 1st. BidaskClub cut shares of Newell Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Finally, J P Morgan Chase & Co set a $61.00 target price on shares of Newell Brands and gave the company a “buy” rating in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Newell Brands presently has an average rating of “Buy” and a consensus price target of $57.93.
Shares of Newell Brands (NYSE:NWL) opened at 44.04 on Monday. The stock has a market cap of $21.58 billion, a P/E ratio of 17.59 and a beta of 1.19. The company’s 50-day moving average is $49.93 and its 200-day moving average is $50.26. Newell Brands has a 12-month low of $43.43 and a 12-month high of $55.08.
Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 7.87% and a return on equity of 11.47%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share.
Large investors have recently bought and sold shares of the company. Harfst & Associates Inc. bought a new position in shares of Newell Brands during the 1st quarter valued at about $103,000. BDO Wealth Advisors LLC bought a new position in shares of Newell Brands during the 2nd quarter valued at about $107,000. Israel Discount Bank of New York bought a new position in shares of Newell Brands during the 1st quarter valued at about $112,000. Parallel Advisors LLC boosted its position in shares of Newell Brands by 23.0% during the 1st 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. Finally, BB&T Investment Services Inc. bought a new position in shares of Newell Brands during the 2nd quarter valued at about $143,000. Institutional investors own 92.43% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.92 annualized dividend and a dividend yield of 2.09%. Newell Brands’s dividend payout ratio (DPR) is 36.95%.
About Newell Brands
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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