Zacks: Brokerages Expect Newell Brands Inc (NYSE:NWL) to Post $0.39 Earnings Per Share

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Analysts forecast that Newell Brands Inc (NYSE:NWL) will announce $0.39 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Newell Brands’ earnings, with estimates ranging from $0.37 to $0.46. Newell Brands reported earnings of $0.47 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 17%. The firm is scheduled to announce its next earnings results on Friday, February 21st.

On average, analysts expect that Newell Brands will report full year earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.65 to $1.68. For the next fiscal year, analysts anticipate that the company will report earnings of $1.58 per share, with EPS estimates ranging from $1.50 to $1.64. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Newell Brands.

Newell Brands (NYSE:NWL) last released its quarterly earnings data on Friday, November 1st. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.17. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The business’s revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS.

A number of equities research analysts have recently weighed in on NWL shares. SunTrust Banks raised shares of Newell Brands from a “hold” rating to a “buy” rating and lifted their target price for the company from $15.00 to $25.00 in a research note on Monday, September 30th. Zacks Investment Research upgraded Newell Brands from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, November 6th. TheStreet upgraded Newell Brands from a “d” rating to a “c-” rating in a report on Friday, November 1st. Morgan Stanley increased their price objective on Newell Brands from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Consumer Edge lowered Newell Brands from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Newell Brands presently has an average rating of “Hold” and a consensus price target of $19.78.

Shares of NWL traded down $0.52 during mid-day trading on Monday, hitting $19.34. 3,155,478 shares of the company’s stock traded hands, compared to its average volume of 5,423,589. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $8.41 billion, a P/E ratio of 7.03, a PEG ratio of 3.82 and a beta of 0.90. The business’s 50-day moving average price is $19.45 and its 200-day moving average price is $17.19. Newell Brands has a 1 year low of $13.04 and a 1 year high of $22.06.

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a $0.23 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $0.92 annualized dividend and a dividend yield of 4.76%. Newell Brands’s payout ratio is currently 33.45%.

In related news, Director James Craigie acquired 12,500 shares of Newell Brands stock in a transaction that occurred on Thursday, November 7th. The stock was bought at an average price of $20.00 per share, with a total value of $250,000.00. Following the transaction, the director now directly owns 28,749 shares in the company, valued at $574,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.97% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Resources Management Corp CT ADV purchased a new position in shares of Newell Brands during the 3rd quarter valued at about $601,000. Maverick Capital Ltd. purchased a new stake in Newell Brands in the 3rd quarter worth approximately $20,203,000. Millennium Management LLC raised its stake in Newell Brands by 165.4% during the 3rd quarter. Millennium Management LLC now owns 665,380 shares of the company’s stock worth $12,455,000 after acquiring an additional 414,708 shares during the period. Man Group plc raised its stake in Newell Brands by 813.6% during the 3rd quarter. Man Group plc now owns 201,989 shares of the company’s stock worth $3,781,000 after acquiring an additional 179,880 shares during the period. Finally, Bank of Hawaii purchased a new position in Newell Brands during the third quarter valued at approximately $549,000. 98.42% of the stock is currently owned by institutional investors.

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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