$0.41 Earnings Per Share Expected for Newell Brands Inc (NWL) This Quarter

Equities research analysts expect Newell Brands Inc (NYSE:NWL) to announce $0.41 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Newell Brands’ earnings, with estimates ranging from $0.27 to $0.46. Newell Brands reported earnings of $0.68 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 39.7%. The firm is scheduled to issue its next quarterly earnings report on Friday, February 15th.

According to Zacks, analysts expect that Newell Brands will report full-year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.27. For the next financial year, analysts anticipate that the business will report earnings of $1.66 per share, with EPS estimates ranging from $1.12 to $2.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Newell Brands.

Newell Brands (NYSE:NWL) last issued its earnings results on Friday, November 2nd. The company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.55. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year.

A number of brokerages recently weighed in on NWL. Citigroup lifted their target price on Newell Brands from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, December 4th. Zacks Investment Research reiterated a “strong sell” rating on shares of Newell Brands in a report on Wednesday, November 14th. Bank of America reduced their target price on Newell Brands from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, October 4th. Morgan Stanley set a $23.00 target price on Newell Brands and gave the company a “hold” rating in a report on Tuesday, November 6th. Finally, TheStreet cut Newell Brands from a “c” rating to a “d” rating in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Newell Brands has an average rating of “Hold” and a consensus price target of $26.73.

In related news, Director Brett Icahn acquired 100,000 shares of Newell Brands stock in a transaction on Monday, November 12th. The shares were bought at an average price of $20.03 per share, for a total transaction of $2,003,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP James L. Cunningham III sold 22,331 shares of the business’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $23.45, for a total value of $523,661.95. Following the transaction, the senior vice president now owns 7,321 shares in the company, valued at approximately $171,677.45. The disclosure for this sale can be found here. Insiders own 0.97% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of NWL. Northwest Wealth Management LLC lifted its stake in shares of Newell Brands by 69.6% in the third quarter. Northwest Wealth Management LLC now owns 7,433 shares of the company’s stock worth $151,000 after acquiring an additional 3,050 shares in the last quarter. Vident Investment Advisory LLC lifted its stake in shares of Newell Brands by 24.6% in the second quarter. Vident Investment Advisory LLC now owns 16,244 shares of the company’s stock worth $419,000 after acquiring an additional 3,209 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its stake in shares of Newell Brands by 8.5% in the third quarter. Candriam Luxembourg S.C.A. now owns 41,870 shares of the company’s stock worth $850,000 after acquiring an additional 3,293 shares in the last quarter. American Asset Management Inc. lifted its stake in shares of Newell Brands by 18.2% in the third quarter. American Asset Management Inc. now owns 21,730 shares of the company’s stock worth $441,000 after acquiring an additional 3,350 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in shares of Newell Brands by 15.7% in the third quarter. IFM Investors Pty Ltd now owns 26,127 shares of the company’s stock worth $530,000 after acquiring an additional 3,545 shares in the last quarter. Institutional investors own 98.42% of the company’s stock.

Shares of Newell Brands stock opened at $22.08 on Friday. Newell Brands has a twelve month low of $15.11 and a twelve month high of $32.58. The firm has a market capitalization of $10.59 billion, a P/E ratio of 8.03, a PEG ratio of 3.82 and a beta of 0.90. The company has a debt-to-equity ratio of 1.54, a quick ratio of 2.53 and a current ratio of 2.98.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Thursday, November 29th. Newell Brands’s dividend payout ratio is presently 33.45%.

About Newell Brands

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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