Newell Brands (NYSE:NWL) updated its FY 2020
Pre-Market earnings guidance on Friday. The company provided earnings per share guidance of 1.46-1.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.55. The company issued revenue guidance of $9.4-9.55 billion, compared to the consensus revenue estimate of $9.66 billion.Newell Brands also updated its Q1 2020
Pre-Market guidance to 0.05-0.08 EPS.
NYSE NWL opened at $19.52 on Friday. The firm has a market capitalization of $8.59 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The business’s 50-day moving average price is $19.64 and its two-hundred day moving average price is $18.52. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. Newell Brands has a 12 month low of $13.04 and a 12 month high of $21.88.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.23 per share. The ex-dividend date is Thursday, February 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.71%. Newell Brands’s dividend payout ratio (DPR) is 33.45%.
Several analysts recently commented on NWL shares. Consumer Edge cut Newell Brands from an equal weight rating to an underweight rating in a report on Monday, November 11th. TheStreet raised shares of Newell Brands from a d rating to a c- rating in a research report on Friday, November 1st. Finally, Zacks Investment Research upgraded shares of Newell Brands from a sell rating to a hold rating and set a $21.00 price target for the company in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Newell Brands currently has a consensus rating of Hold and a consensus target price 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.
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