Newell Brands Inc (NWL) Expected to Announce Quarterly Sales of $3.06 Billion

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.

How to Become a New Pot Stock Millionaire

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.

NWL has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $27.00 price objective on shares of Newell Brands in a research note on Tuesday, February 20th. Zacks Investment Research lowered Newell Brands from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Barclays reissued a “buy” rating and set a $35.00 price objective on shares of Newell Brands in a research note on Wednesday, December 6th. Jefferies Group reissued a “hold” rating and set a $32.00 price objective on shares of Newell Brands in a research note on Thursday, January 25th. Finally, SunTrust Banks lowered Newell Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, March 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.72.

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%.

ILLEGAL ACTIVITY WARNING: This story was originally reported by WKRB News and is owned by of WKRB News. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.wkrb13.com/2018/04/02/newell-brands-inc-nwl-expected-to-announce-quarterly-sales-of-3-06-billion.html.

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.

Get a free copy of the Zacks research report on Newell Brands (NWL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply