Newell Brands Inc (NWL) Expected to Post Earnings of $0.27 Per Share

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.

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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.

Several analysts have recently commented on NWL shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $27.00 price target on shares of Newell Brands in a research report on Tuesday, February 20th. Zacks Investment Research lowered shares of Newell Brands from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. Barclays restated a “buy” rating and set a $35.00 target price on shares of Newell Brands in a research report on Wednesday, December 6th. Jefferies Group restated a “hold” rating and set a $32.00 target price on shares of Newell Brands in a research report on Thursday, January 25th. Finally, Morgan Stanley lowered shares of Newell Brands from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $38.00 to $25.00 in a research report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.72.

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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Earnings History and Estimates for Newell Brands (NYSE:NWL)

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