Wall Street brokerages expect Newell Brands Inc (NYSE:NWL) to post $0.27 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have issued estimates for Newell Brands’ earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.30. Newell Brands posted earnings per share of $0.34 in the same quarter last year, which would indicate a negative year over year growth rate of 20.6%. The business is expected to issue its next earnings results on Monday, May 14th.
According to Zacks, analysts expect that Newell Brands will report full year earnings of $2.68 per share for the current fiscal year, with EPS estimates ranging from $2.59 to $2.75. For the next financial year, analysts forecast that the business will report earnings of $2.89 per share, with EPS estimates ranging from $2.60 to $3.18. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Newell Brands.
Newell Brands (NYSE:NWL) last issued its quarterly earnings data on Friday, February 16th. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Newell Brands had a net margin of 18.65% and a return on equity of 10.47%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share.
Several brokerages have weighed in on NWL. Barclays set a $28.00 price objective on shares of Newell Brands and gave the stock a “hold” rating in a research note on Thursday, March 15th. Vetr upgraded shares of Newell Brands from a “buy” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research report on Monday, March 26th. Zacks Investment Research upgraded shares of Newell Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, April 3rd. Deutsche Bank upped their target price on shares of Newell Brands from $23.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday, February 19th. Finally, Oppenheimer reiterated a “hold” rating on shares of Newell Brands in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $32.59.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. MUFG Americas Holdings Corp lifted its holdings in Newell Brands by 566.7% in the fourth quarter. MUFG Americas Holdings Corp now owns 3,380 shares of the company’s stock valued at $104,000 after buying an additional 2,873 shares during the period. Cerebellum GP LLC acquired a new position in Newell Brands in the fourth quarter valued at approximately $123,000. Belpointe Asset Management LLC acquired a new position in Newell Brands in the third quarter valued at approximately $226,000. Steward Partners Investment Advisory LLC acquired a new position in Newell Brands in the third quarter valued at approximately $238,000. Finally, Patten Group Inc. lifted its holdings in Newell Brands by 5,263.6% in the fourth quarter. Patten Group Inc. now owns 6,919 shares of the company’s stock valued at $214,000 after buying an additional 6,790 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.
Shares of Newell Brands stock opened at $26.25 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.70. The stock has a market cap of $12,479.34, a price-to-earnings ratio of 9.55, a PEG ratio of 1.63 and a beta of 0.81. Newell Brands has a 1-year low of $23.85 and a 1-year high of $55.08.
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About Newell Brands
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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