Newell Brands Inc. (NYSE:NWL) – Equities researchers at Oppenheimer Holdings lowered their Q3 2017 earnings per share (EPS) estimates for shares of Newell Brands in a research report issued on Monday. Oppenheimer Holdings analyst R. Parikh now expects that the company will post earnings of $0.87 per share for the quarter, down from their prior forecast of $0.89. Oppenheimer Holdings has a “Hold” rating and a $42.00 price target on the stock.

NWL has been the subject of several other research reports. Royal Bank Of Canada reissued a “top pick” rating and set a $60.00 target price on shares of Newell Brands in a research note on Tuesday, August 29th. Jefferies Group LLC reissued a “buy” rating and set a $66.00 target price (up previously from $65.00) on shares of Newell Brands in a research note on Thursday, July 6th. Zacks Investment Research downgraded Newell Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Forward View reissued a “buy” rating and set a $58.00 target price on shares of Newell Brands in a research note on Monday, September 11th. Finally, KeyCorp set a $60.00 target price on Newell Brands and gave the stock a “buy” rating in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $55.77.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/02/equities-analysts-set-expectations-for-newell-brands-inc-s-q3-2017-earnings-nwl.html.

Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.01. The firm had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Newell Brands had a net margin of 7.87% and a return on equity of 11.47%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS.

Institutional investors have recently added to or reduced their stakes in the company. Eaton Vance Management increased its stake in shares of Newell Brands by 2.1% in the second quarter. Eaton Vance Management now owns 4,055,702 shares of the company’s stock valued at $217,467,000 after buying an additional 82,184 shares during the period. King Luther Capital Management Corp increased its position in Newell Brands by 1.0% during the 2nd quarter. King Luther Capital Management Corp now owns 3,203,006 shares of the company’s stock valued at $171,745,000 after purchasing an additional 30,576 shares during the period. Bellwether Investment Group LLC increased its position in Newell Brands by 2.0% during the 2nd quarter. Bellwether Investment Group LLC now owns 5,501 shares of the company’s stock valued at $295,000 after purchasing an additional 110 shares during the period. FMR LLC increased its position in Newell Brands by 0.5% during the 2nd quarter. FMR LLC now owns 11,462,512 shares of the company’s stock valued at $614,621,000 after purchasing an additional 52,553 shares during the period. Finally, PICTET BANK & TRUST Ltd acquired a new stake in Newell Brands during the 2nd quarter valued at approximately $2,102,000. 92.24% of the stock is owned by institutional investors.

In other news, CEO Michael B. Polk acquired 5,000 shares of the stock in a transaction dated Wednesday, September 13th. The stock was bought at an average price of $43.61 per share, with a total value of $218,050.00. Following the completion of the purchase, the chief executive officer now directly owns 609,296 shares of the company’s stock, valued at approximately $26,571,398.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Scott S. Cowen acquired 2,000 shares of the stock in a transaction dated Monday, September 11th. The stock was purchased at an average cost of $43.60 per share, with a total value of $87,200.00. Following the purchase, the director now directly owns 87,883 shares of the company’s stock, valued at $3,831,698.80. The disclosure for this purchase can be found here. Insiders bought 7,100 shares of company stock valued at $309,715 in the last ninety days. 0.97% of the stock is currently owned by insiders.

Newell Brands announced that its board has authorized a share repurchase plan on Tuesday, September 26th that permits the company to buyback $256.00 million in shares. This buyback authorization permits the company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

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.

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

Receive News & Ratings for Newell Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.