Brokerages expect that Newell Brands Inc (NYSE:NWL) will post earnings of $0.36 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Newell Brands’ earnings, with estimates ranging from $0.34 to $0.39. Newell Brands reported earnings per share of $0.82 during the same quarter last year, which suggests a negative year over year growth rate of 56.1%. The company is scheduled to announce its next quarterly earnings report on Monday, August 5th.
According to Zacks, 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 year, analysts anticipate that the business will post earnings of $1.54 per share, with EPS estimates ranging from $1.19 to $2.16. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Newell Brands.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.08. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the company earned $0.34 EPS. The firm’s revenue was down 5.5% on a year-over-year basis.
NWL has been the topic of several recent research reports. Consumer Edge initiated coverage on Newell Brands in a research report on Wednesday, July 3rd. They issued a “hold” rating on the stock. Zacks Investment Research lowered 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 given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.80.
Shares of NYSE:NWL traded down $0.28 during midday trading on Wednesday, hitting $14.87. The company had a trading volume of 4,167,775 shares, compared to its average volume of 5,973,755. Newell Brands has a 12 month low of $13.04 and a 12 month high of $27.68. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. The company has a market cap of $6.43 billion, a PE ratio of 5.41, a price-to-earnings-growth ratio of 3.82 and a beta of 0.90. The business has a fifty day moving average of $14.78.
A number of hedge funds have recently bought and sold shares of NWL. Private Advisor Group LLC lifted its holdings in Newell Brands by 38.9% during the fourth quarter. Private Advisor Group LLC now owns 16,653 shares of the company’s stock worth $309,000 after acquiring an additional 4,666 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Newell Brands by 256.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,125 shares of the company’s stock worth $690,000 after acquiring an additional 26,710 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in Newell Brands during the fourth quarter worth about $279,000. Advisor Group Inc. lifted its holdings in Newell Brands by 10.1% during the fourth quarter. Advisor Group Inc. now owns 54,739 shares of the company’s stock worth $1,019,000 after acquiring an additional 5,026 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in Newell Brands by 55.5% during the fourth quarter. GSA Capital Partners LLP now owns 27,281 shares of the company’s stock worth $507,000 after acquiring an additional 9,742 shares in the last quarter. Hedge funds and other 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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