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

Wall Street analysts predict that Newell Brands Inc (NYSE:NWL) will post earnings per share of $0.27 for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Newell Brands’ earnings. The highest EPS estimate is $0.30 and the lowest is $0.24. Newell Brands posted earnings of $0.86 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 68.6%. The firm is expected to announce 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 financial year, with EPS estimates ranging from $0.80 to $0.96. For the next fiscal year, analysts expect that the business will report earnings of $1.79 per share, with EPS estimates ranging from $1.40 to $2.04. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Newell Brands.

Newell Brands (NYSE:NWL) last posted its quarterly earnings data on Monday, August 6th. The company reported $0.82 earnings per share 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 during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter last year, the firm posted $0.87 EPS. The business’s revenue for the quarter was down 12.8% on a year-over-year basis.

Several equities analysts have recently weighed in on the stock. Bank of America raised their price objective on shares of Newell Brands from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, July 16th. Wells Fargo & Co reiterated a “buy” rating on shares of Newell Brands in a report on Monday, June 11th. Citigroup decreased their target price on shares of Newell Brands from $36.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. BMO Capital Markets decreased their target price on shares of Newell Brands from $27.00 to $25.00 and set a “hold” rating for the company in a report on Wednesday, August 8th. Finally, Deutsche Bank decreased their target price on shares of Newell Brands to $23.00 and set a “hold” rating for the company in a report on Tuesday, August 7th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Newell Brands presently has a consensus rating of “Hold” and a consensus target price of $29.24.

Shares of NYSE:NWL traded down $0.04 during trading hours on Wednesday, hitting $20.54. 4,899,829 shares of the company’s stock traded hands, compared to its average volume of 8,317,640. Newell Brands has a 52 week low of $20.14 and a 52 week high of $43.99. The company has a current ratio of 3.17, a quick ratio of 2.74 and a debt-to-equity ratio of 0.66. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 4.76 and a beta of 0.62.

The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Thursday, August 30th. Newell Brands’s payout ratio is 33.45%.

Newell Brands declared that its Board of Directors has approved a stock repurchase program on Monday, June 11th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the company to purchase up to 19.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wetherby Asset Management Inc. raised its position in Newell Brands by 20.3% during the second quarter. Wetherby Asset Management Inc. now owns 11,486 shares of the company’s stock valued at $296,000 after acquiring an additional 1,941 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Newell Brands by 2.7% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 77,117 shares of the company’s stock valued at $1,965,000 after acquiring an additional 2,000 shares in the last quarter. Berson & Corrado Investment Advisors LLC raised its position in Newell Brands by 16.9% during the second quarter. Berson & Corrado Investment Advisors LLC now owns 15,565 shares of the company’s stock valued at $401,000 after acquiring an additional 2,246 shares in the last quarter. LS Investment Advisors LLC raised its position in Newell Brands by 9.4% during the second quarter. LS Investment Advisors LLC now owns 27,528 shares of the company’s stock valued at $710,000 after acquiring an additional 2,355 shares in the last quarter. Finally, Bank of The West raised its position in Newell Brands by 28.0% during the second quarter. Bank of The West now owns 11,257 shares of the company’s stock valued at $290,000 after acquiring an additional 2,461 shares in the last quarter. 97.72% of the stock is owned by institutional investors and hedge funds.

Newell Brands Company Profile

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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