Zacks: Brokerages Expect Newell Brands Inc (NWL) Will Post Earnings of $0.27 Per Share

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Equities research analysts expect that Newell Brands Inc (NYSE:NWL) will report earnings per share of $0.27 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Newell Brands’ earnings, with estimates ranging from $0.24 to $0.30. Newell Brands posted earnings per share of $0.86 during the same quarter last year, which indicates a negative year-over-year growth rate of 68.6%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Newell Brands will report full-year earnings of $0.88 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.96. For the next financial year, analysts anticipate that the firm will post earnings of $1.77 per share, with EPS estimates ranging from $1.40 to $1.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Newell Brands.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Monday, August 6th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. Newell Brands had a net margin of 16.39% and a return on equity of 9.58%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the firm posted $0.87 EPS. Newell Brands’s revenue for the quarter was down 12.8% on a year-over-year basis.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Newell Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday. Bank of America dropped their price target on shares of Newell Brands from $25.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, October 4th. Barclays reaffirmed a “hold” rating and set a $24.00 price target on shares of Newell Brands in a report on Sunday, October 7th. Royal Bank of Canada reaffirmed a “hold” rating and set a $24.00 price target on shares of Newell Brands in a report on Wednesday, August 8th. Finally, Jefferies Financial Group dropped their price target on shares of Newell Brands from $29.00 to $23.00 and set a “hold” rating on the stock in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $28.82.

In other Newell Brands news, CEO Michael B. Polk acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were bought at an average price of $20.63 per share, with a total value of $206,300.00. Following the completion of the acquisition, the chief executive officer now owns 941,951 shares in the company, valued at approximately $19,432,449.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Craigie acquired 11,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was acquired at an average cost of $21.33 per share, for a total transaction of $245,295.00. Following the acquisition, the director now owns 14,081 shares of the company’s stock, valued at approximately $300,347.73. The disclosure for this purchase can be found here. Company insiders own 0.97% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of NWL. Icahn Carl C bought a new stake in Newell Brands during the 1st quarter worth approximately $771,529,000. Pzena Investment Management LLC bought a new stake in Newell Brands during the 2nd quarter worth approximately $427,655,000. Bank of New York Mellon Corp raised its stake in Newell Brands by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,134,310 shares of the company’s stock worth $312,943,000 after acquiring an additional 295,384 shares during the period. OppenheimerFunds Inc. raised its stake in Newell Brands by 5.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 9,095,209 shares of the company’s stock worth $234,565,000 after acquiring an additional 462,697 shares during the period. Finally, Morgan Stanley raised its stake in Newell Brands by 6.0% during the 2nd quarter. Morgan Stanley now owns 3,354,254 shares of the company’s stock worth $86,507,000 after acquiring an additional 190,217 shares during the period. 97.80% of the stock is currently owned by institutional investors.

NWL stock traded down $0.15 during trading on Friday, hitting $17.52. 6,948,328 shares of the stock traded hands, compared to its average volume of 8,289,836. Newell Brands has a 1 year low of $17.28 and a 1 year high of $43.13. The company has a market capitalization of $9.59 billion, a price-to-earnings ratio of 6.37, a price-to-earnings-growth ratio of 4.72 and a beta of 0.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.74 and a current ratio of 3.17.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend was Thursday, August 30th. Newell Brands’s payout ratio is 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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