Equities research analysts expect Newell Brands Inc (NYSE:NWL) to report sales of $3.06 billion for the current quarter, Zacks reports. Eight analysts have issued estimates for Newell Brands’ earnings, with estimates ranging from $3.00 billion to $3.14 billion. Newell Brands posted sales of $3.27 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 6.4%. The company is scheduled to issue its next earnings report on Monday, May 14th.
On average, analysts expect that Newell Brands will report full year sales of $3.06 billion for the current fiscal year, with estimates ranging from $14.27 billion to $14.68 billion. For the next year, analysts forecast that the company will post sales of $14.72 billion per share, with estimates ranging from $14.27 billion to $15.11 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Newell Brands.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Newell Brands had a return on equity of 10.47% and a net margin of 18.65%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the previous year, the business earned $0.80 earnings per share. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis.
Several institutional investors have recently made changes to their positions in NWL. Buckingham Capital Management Inc. lifted its stake in shares of Newell Brands by 7.5% in the 3rd quarter. Buckingham Capital Management Inc. now owns 30,015 shares of the company’s stock valued at $1,281,000 after purchasing an additional 2,085 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Newell Brands by 4.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 341,645 shares of the company’s stock valued at $14,315,000 after purchasing an additional 13,019 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Newell Brands by 11.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,858 shares of the company’s stock valued at $1,701,000 after purchasing an additional 3,967 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Newell Brands by 0.6% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 966,942 shares of the company’s stock valued at $41,259,000 after purchasing an additional 5,891 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Newell Brands by 7.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,580,325 shares of the company’s stock valued at $67,433,000 after purchasing an additional 115,818 shares during the last quarter. 92.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of NWL opened at $25.48 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 0.83. Newell Brands has a one year low of $23.85 and a one year high of $55.08. The company has a market cap of $12,362.90, a P/E ratio of 9.27, a PEG ratio of 1.37 and a beta of 0.88.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Tuesday, February 27th. Newell Brands’s dividend payout ratio (DPR) is presently 33.45%.
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About Newell Brands
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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