Newell Brands (NYSE:NWL) is set to post its quarterly earnings results before the market opens on Friday, February 16th. Analysts expect Newell Brands to post earnings of $0.70 per share for the quarter.
Shares of Newell Brands (NYSE NWL) opened at $27.91 on Friday. Newell Brands has a 12-month low of $23.85 and a 12-month high of $55.08. The firm has a market capitalization of $13,680.00, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.36 and a beta of 0.89. 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 of Directors has authorized a share repurchase program on Thursday, November 2nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts have weighed in on the company. FIX reaffirmed a “hold” rating and issued a $23.00 price target on shares of Newell Brands in a research report on Thursday. ValuEngine cut Newell Brands from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Oppenheimer reaffirmed a “hold” rating on shares of Newell Brands in a research report on Tuesday, January 30th. BMO Capital Markets reduced their price target on Newell Brands to $25.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. Finally, Zacks Investment Research cut Newell Brands from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.06.
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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