Zacks: Brokerages Anticipate Newell Brands Inc (NYSE:NWL) Will Announce Earnings of $0.36 Per Share

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Wall Street analysts predict that Newell Brands Inc (NYSE:NWL) will post earnings per share (EPS) of $0.36 for the current quarter, according to Zacks. Seven analysts have issued estimates for Newell Brands’ earnings. The lowest EPS estimate is $0.34 and the highest is $0.39. Newell Brands reported earnings of $0.82 per share in the same quarter last year, which would indicate a negative year over year growth rate of 56.1%. The company is scheduled to announce its next earnings results on Monday, August 5th.

On average, analysts expect that Newell Brands will report full-year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.47 to $1.70. For the next fiscal year, analysts expect that the company will report earnings of $1.54 per share, with EPS estimates ranging from $1.19 to $2.16. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Newell Brands.

Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.08. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.55%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year.

A number of brokerages have recently issued reports on NWL. Consumer Edge began coverage on shares of Newell Brands in a research report on Wednesday, July 3rd. They issued a “hold” rating on the stock. Zacks Investment Research downgraded shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $20.80.

Shares of Newell Brands stock traded down $0.28 on Wednesday, reaching $14.87. The stock had a trading volume of 4,167,775 shares, compared to its average volume of 5,973,755. The firm’s 50 day moving average price is $14.78. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54. Newell Brands has a 1 year low of $13.04 and a 1 year high of $27.68. The stock has a market cap of $6.43 billion, a PE ratio of 5.41, a P/E/G ratio of 3.82 and a beta of 0.90.

A number of hedge funds have recently added to or reduced their stakes in the stock. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in Newell Brands by 30.0% in the 2nd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 46,913 shares of the company’s stock worth $714,000 after purchasing an additional 10,837 shares in the last quarter. KG&L Capital Management LLC acquired a new stake in Newell Brands in the 2nd quarter worth approximately $199,000. Truvestments Capital LLC boosted its stake in Newell Brands by 21.4% in the 2nd quarter. Truvestments Capital LLC now owns 5,912 shares of the company’s stock worth $91,000 after purchasing an additional 1,044 shares in the last quarter. First Hawaiian Bank boosted its stake in Newell Brands by 10.6% in the 2nd quarter. First Hawaiian Bank now owns 16,155 shares of the company’s stock worth $249,000 after purchasing an additional 1,551 shares in the last quarter. Finally, LifePlan Financial Group Inc acquired a new stake in Newell Brands in the 2nd quarter worth approximately $40,000. Institutional investors own 98.42% of the company’s stock.

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

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