Newell Brands (NWL) Scheduled to Post Quarterly Earnings on Friday

Newell Brands (NASDAQ:NWL) will be issuing its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, February 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Newell Brands had a negative net margin of 4.77% and a positive return on equity of 10.24%. Newell Brands’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. On average, analysts expect Newell Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Newell Brands Stock Performance

NASDAQ NWL opened at $6.91 on Friday. The firm has a 50-day moving average of $7.53 and a 200-day moving average of $7.76. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.63 and a current ratio of 1.16. The stock has a market cap of $2.87 billion, a PE ratio of -7.27, a P/E/G ratio of 1.37 and a beta of 0.95. Newell Brands has a 52-week low of $6.49 and a 52-week high of $12.59.

Newell Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Wednesday, February 28th. Newell Brands’s dividend payout ratio is presently -29.47%.

Wall Street Analyst Weigh In

NWL has been the subject of a number of research reports. Citigroup cut their target price on shares of Newell Brands from $9.00 to $7.50 and set a “neutral” rating for the company in a research note on Monday, February 12th. JPMorgan Chase & Co. lifted their price objective on shares of Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Royal Bank of Canada dropped their price objective on shares of Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a research note on Monday, February 12th. Morgan Stanley dropped their price objective on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating for the company in a research note on Monday, February 12th. Finally, Barclays lifted their price objective on shares of Newell Brands from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.13.

Hedge Funds Weigh In On Newell Brands

Several hedge funds have recently bought and sold shares of the company. Fairfield Bush & CO. bought a new stake in shares of Newell Brands during the 1st quarter valued at approximately $26,000. Resources Management Corp CT ADV grew its holdings in shares of Newell Brands by 6,000.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 3,050 shares of the company’s stock valued at $27,000 after purchasing an additional 3,000 shares during the last quarter. Groupama Asset Managment bought a new stake in shares of Newell Brands during the 4th quarter valued at approximately $31,000. Canada Pension Plan Investment Board grew its holdings in shares of Newell Brands by 711.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,107 shares of the company’s stock valued at $88,000 after purchasing an additional 3,601 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its holdings in shares of Newell Brands by 629.5% during the 1st quarter. Belpointe Asset Management LLC now owns 7,244 shares of the company’s stock valued at $90,000 after purchasing an additional 6,251 shares during the last quarter. 92.50% of the stock is owned by institutional investors.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.