Newell Brands Inc (NYSE:NWL) – Stock analysts at Jefferies Financial Group dropped their Q4 2019 earnings per share estimates for shares of Newell Brands in a research report issued to clients and investors on Tuesday, November 5th. Jefferies Financial Group analyst K. Grundy now anticipates that the company will earn $0.38 per share for the quarter, down from their prior estimate of $0.41. Jefferies Financial Group also issued estimates for Newell Brands’ FY2020 earnings at $1.50 EPS and FY2021 earnings at $1.65 EPS.
Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.17. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the firm earned $0.81 EPS. Newell Brands’s revenue for the quarter was down 3.8% compared to the same quarter last year.
Several other analysts have also weighed in on NWL. Wells Fargo & Co reissued a “buy” rating on shares of Newell Brands in a report on Wednesday, July 31st. Deutsche Bank decreased their price objective on Newell Brands from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, August 5th. TheStreet raised Newell Brands from a “d” rating to a “c-” rating in a report on Friday, November 1st. Zacks Investment Research raised Newell Brands from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a report on Wednesday. Finally, SunTrust Banks raised Newell Brands from a “hold” rating to a “buy” rating and boosted their price target for the company from $15.00 to $25.00 in a research note on Monday, September 30th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $19.78.
Shares of NYSE:NWL traded up $0.33 during trading on Friday, hitting $20.37. 3,583,678 shares of the stock were exchanged, compared to its average volume of 5,686,265. Newell Brands has a 1-year low of $13.04 and a 1-year high of $24.57. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The company’s fifty day simple moving average is $19.01 and its 200-day simple moving average is $16.28. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98.
A number of hedge funds have recently made changes to their positions in NWL. Amundi Pioneer Asset Management Inc. boosted its stake in Newell Brands by 18.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 292,619 shares of the company’s stock valued at $4,488,000 after buying an additional 45,706 shares in the last quarter. Boothe Investment Group Inc. raised its position in Newell Brands by 14.3% in the 2nd quarter. Boothe Investment Group Inc. now owns 252,495 shares of the company’s stock valued at $3,893,000 after purchasing an additional 31,671 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV bought a new position in Newell Brands in the 2nd quarter valued at $350,000. Trilogy Capital Inc. raised its position in Newell Brands by 12.1% in the 2nd quarter. Trilogy Capital Inc. now owns 31,607 shares of the company’s stock valued at $472,000 after purchasing an additional 3,420 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in Newell Brands by 15.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 91,538 shares of the company’s stock valued at $1,412,000 after purchasing an additional 12,346 shares during the last quarter. 98.42% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Michael Todman purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of $15.76 per share, with a total value of $78,800.00. Following the purchase, the director now directly owns 72,184 shares in the company, valued at $1,137,619.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.97% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.52%. Newell Brands’s dividend payout ratio is 33.45%.
About Newell Brands
Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.
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