Equities analysts forecast that Newell Brands Inc (NYSE:NWL) will post earnings of $0.27 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Newell Brands’ earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.21. Newell Brands posted earnings per share of $0.34 during the same quarter last year, which indicates a negative year over year growth rate of 20.6%. The firm is expected to announce its next earnings results on Monday, May 14th.
On average, analysts expect that Newell Brands will report full-year earnings of $2.68 per share for the current year, with EPS estimates ranging from $2.59 to $2.75. For the next financial year, analysts anticipate that the firm will post earnings of $2.89 per share, with EPS estimates ranging from $2.60 to $3.18. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Newell Brands.
Newell Brands (NYSE:NWL) last released its quarterly earnings results on Friday, February 16th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The company’s quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 earnings per share.
NWL stock opened at $25.48 on Friday. The company has a market capitalization of $12,362.90, a PE ratio of 9.27, a price-to-earnings-growth ratio of 1.37 and a beta of 0.88. Newell Brands has a 12 month low of $23.85 and a 12 month high of $55.08. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Tuesday, February 27th. Newell Brands’s dividend payout ratio is currently 33.45%.
A number of large investors have recently bought and sold shares of NWL. MUFG Americas Holdings Corp raised its stake in Newell Brands by 566.7% during the fourth quarter. MUFG Americas Holdings Corp now owns 3,380 shares of the company’s stock worth $104,000 after purchasing an additional 2,873 shares during the period. Cerebellum GP LLC purchased a new position in Newell Brands during the fourth quarter worth approximately $123,000. Patten Group Inc. raised its stake in Newell Brands by 5,263.6% during the fourth quarter. Patten Group Inc. now owns 6,919 shares of the company’s stock worth $214,000 after purchasing an additional 6,790 shares during the period. Balter Liquid Alternatives LLC purchased a new position in Newell Brands during the fourth quarter worth approximately $215,000. Finally, Belpointe Asset Management LLC purchased a new position in Newell Brands during the third quarter worth approximately $226,000. 92.74% of the stock is currently owned by institutional investors.
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Newell Brands Company Profile
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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