SunTrust Banks Weighs in on Newell Brands Inc.’s Q3 2017 Earnings (NWL)
Newell Brands Inc. (NYSE:NWL) – Research analysts at SunTrust Banks cut their Q3 2017 earnings estimates for shares of Newell Brands in a note issued to investors on Wednesday. SunTrust Banks analyst W. Chappell now expects that the company will earn $0.93 per share for the quarter, down from their prior estimate of $0.98. SunTrust Banks also issued estimates for Newell Brands’ FY2017 earnings at $3.02 EPS.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Wednesday, July 12th. BidaskClub cut shares of Newell Brands from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $66.00 price objective (up previously from $65.00) on shares of Newell Brands in a research note on Thursday, July 6th. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $60.00 price objective on shares of Newell Brands in a research note on Tuesday, August 29th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating and set a $50.00 price objective on shares of Newell Brands in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $57.93.
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Newell Brands (NYSE:NWL) opened at 44.04 on Monday. The firm has a 50 day moving average of $49.93 and a 200-day moving average of $50.26. The company has a market capitalization of $21.58 billion, a price-to-earnings ratio of 17.59 and a beta of 1.19. Newell Brands has a 52-week low of $43.43 and a 52-week high of $55.08.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.96 billion. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be paid 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 2.09%. Newell Brands’s dividend payout ratio is currently 36.95%.
A number of institutional investors have recently added to or reduced their stakes in NWL. Fifth Third Bancorp boosted its stake in Newell Brands by 0.5% during the 1st quarter. Fifth Third Bancorp now owns 7,137 shares of the company’s stock worth $337,000 after purchasing an additional 39 shares during the last quarter. Cleararc Capital Inc. boosted its stake in Newell Brands by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 10,902 shares of the company’s stock worth $514,000 after purchasing an additional 51 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Newell Brands by 1.6% during the 2nd quarter. Penserra Capital Management LLC now owns 4,160 shares of the company’s stock worth $223,000 after purchasing an additional 66 shares during the last quarter. QS Investors LLC boosted its stake in Newell Brands by 1.1% during the 2nd quarter. QS Investors LLC now owns 6,040 shares of the company’s stock worth $324,000 after purchasing an additional 68 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in Newell Brands by 1.9% during the 1st quarter. Savant Capital LLC now owns 4,868 shares of the company’s stock worth $230,000 after purchasing an additional 90 shares during the last quarter. 92.43% of the stock is currently owned by hedge funds and other 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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