Analysts Anticipate Newell Brands Inc. (NWL) to Post $0.92 EPS
Analysts forecast that Newell Brands Inc. (NYSE:NWL) will announce $0.92 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Newell Brands’ earnings, with estimates ranging from $0.89 to $0.94. Newell Brands reported earnings of $0.78 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 17.9%. The firm is scheduled to announce its next earnings results on Friday, October 27th.
On average, analysts expect that Newell Brands will report full year earnings of $3.01 per share for the current year, with EPS estimates ranging from $3.00 to $3.03. For the next fiscal year, analysts anticipate that the company will report earnings of $3.39 per share, with EPS estimates ranging from $3.30 to $3.57. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Newell Brands.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, July 12th. BidaskClub downgraded Newell Brands from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Jefferies Group LLC downgraded Newell Brands from a “buy” rating to a “hold” rating and cut their target price for the stock from $63.00 to $49.00 in a research note on Monday, September 11th. Royal Bank Of Canada restated a “top pick” rating and issued a $60.00 target price on shares of Newell Brands in a research note on Tuesday, August 29th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating and issued a $50.00 target price on shares of Newell Brands in a research note on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $57.36.
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In other news, CEO Michael B. Polk acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average cost of $43.61 per share, with a total value of $218,050.00. Following the acquisition, the chief executive officer now owns 609,296 shares in the company, valued at approximately $26,571,398.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott S. Cowen acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average cost of $43.60 per share, for a total transaction of $87,200.00. Following the completion of the acquisition, the director now owns 87,883 shares in the company, valued at approximately $3,831,698.80. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 7,046 shares of company stock valued at $307,669. Corporate insiders own 0.97% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in NWL. Waldron LP purchased a new position in shares of Newell Brands during the 1st quarter valued at about $206,000. Canada Pension Plan Investment Board raised its holdings in shares of Newell Brands by 2,004.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 60,105 shares of the company’s stock valued at $2,835,000 after buying an additional 57,249 shares in the last quarter. Empire Life Investments Inc. purchased a new position in shares of Newell Brands during the 1st quarter valued at about $13,383,000. World Asset Management Inc raised its holdings in shares of Newell Brands by 19.9% during the 1st quarter. World Asset Management Inc now owns 52,625 shares of the company’s stock valued at $2,482,000 after buying an additional 8,724 shares in the last quarter. Finally, Connable Office Inc. raised its holdings in shares of Newell Brands by 14.4% during the 1st quarter. Connable Office Inc. now owns 58,717 shares of the company’s stock valued at $2,770,000 after buying an additional 7,399 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors.
Newell Brands (NYSE:NWL) traded down 0.16% on Friday, reaching $43.20. The company had a trading volume of 7,608,237 shares. Newell Brands has a 12-month low of $42.81 and a 12-month high of $55.08. The stock has a market capitalization of $21.17 billion, a P/E ratio of 17.25 and a beta of 1.19. The stock’s 50-day moving average price is $48.67 and its 200-day moving average price is $50.12.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.13%. Newell Brands’s dividend payout ratio (DPR) is presently 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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