Newell Brands (NYSE:NWL) issued an update on its first quarter 2020
Pre-Market earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.05-0.08 for the period, compared to the Thomson Reuters consensus estimate of $0.13. The company issued revenue guidance of $1.9-1.95 billion, compared to the consensus revenue estimate of $2.02 billion.Newell Brands also updated its FY 2020
Pre-Market guidance to 1.46-1.56 EPS.
Newell Brands stock opened at $19.52 on Friday. Newell Brands has a 1 year low of $13.04 and a 1 year high of $21.88. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98. The firm has a 50 day moving average price of $19.64 and a 200 day moving average price of $18.52. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 3.82 and a beta of 0.90.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Thursday, February 27th. Newell Brands’s dividend payout ratio is currently 33.45%.
NWL has been the subject of several research reports. Consumer Edge cut shares of Newell Brands from an equal weight rating to an underweight rating in a research note on Monday, November 11th. Zacks Investment Research upgraded Newell Brands from a sell rating to a hold rating and set a $21.00 price objective for the company in a report on Friday, January 17th. Finally, TheStreet raised Newell Brands from a d rating to a c- rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $19.78.
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.
See Also: Balance Sheet
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