$0.75 Earnings Per Share Expected for Newell Brands Inc (NWL) This Quarter

Wall Street analysts expect Newell Brands Inc (NYSE:NWL) to report earnings of $0.75 per share for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Newell Brands’ earnings, with estimates ranging from $0.74 to $0.78. Newell Brands reported earnings per share of $0.80 in the same quarter last year, which suggests a negative year over year growth rate of 6.3%. The company is expected to announce its next quarterly earnings results on Monday, February 5th.

According to Zacks, analysts expect that Newell Brands will report full year earnings of $2.82 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $2.84. For the next fiscal year, analysts anticipate that the business will post earnings of $2.98 per share, with EPS estimates ranging from $2.85 to $3.18. Zacks’ EPS averages are an average based on a survey of research analysts that cover Newell Brands.

Newell Brands (NYSE:NWL) last announced its earnings results on Thursday, November 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The firm’s revenue was down 7.0% on a year-over-year basis.

NWL has been the subject of several research reports. JPMorgan Chase & Co. lowered shares of Newell Brands from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $56.00 to $63.00 in a research report on Thursday, November 2nd. Oppenheimer reiterated a “hold” rating and issued a $42.00 target price on shares of Newell Brands in a research report on Tuesday, October 31st. Jefferies Group reiterated a “hold” rating and issued a $47.00 target price on shares of Newell Brands in a research report on Thursday, October 19th. Barclays reiterated a “buy” rating and issued a $35.00 target price on shares of Newell Brands in a research report on Wednesday, December 6th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Newell Brands in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $45.20.

Shares of Newell Brands (NYSE:NWL) traded up $0.26 during trading hours on Monday, reaching $31.48. 3,048,509 shares of the company traded hands, compared to its average volume of 4,372,969. Newell Brands has a one year low of $27.45 and a one year high of $55.08. The stock has a market capitalization of $15,380.00, a price-to-earnings ratio of 12.15, a PEG ratio of 1.19 and a beta of 1.10. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.46 and a quick ratio of 0.86.

Newell Brands announced that its board has authorized a stock repurchase program on Tuesday, September 26th that allows the company to repurchase $256.00 million in shares. This repurchase authorization allows the company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

In other Newell Brands news, CEO Michael B. Polk purchased 7,000 shares of the stock in a transaction on Monday, November 20th. The stock was acquired at an average cost of $28.22 per share, with a total value of $197,540.00. Following the completion of the purchase, the chief executive officer now directly owns 616,296 shares of the company’s stock, valued at approximately $17,391,873.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.97% of the company’s stock.

Large investors have recently modified their holdings of the company. Parkside Investments LLC bought a new position in shares of Newell Brands during the third quarter valued at about $107,000. Harfst & Associates Inc. raised its stake in shares of Newell Brands by 14.4% during the second quarter. Harfst & Associates Inc. now owns 2,502 shares of the company’s stock valued at $134,000 after acquiring an additional 315 shares during the last quarter. BB&T Investment Services Inc. bought a new position in shares of Newell Brands during the second quarter valued at about $143,000. Sun Life Financial INC raised its stake in shares of Newell Brands by 29,358.3% during the second quarter. Sun Life Financial INC now owns 3,535 shares of the company’s stock valued at $190,000 after acquiring an additional 3,523 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Newell Brands during the second quarter valued at about $202,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

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

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