Newell Brands Inc. (NWL) Expected to Announce Quarterly Sales of $3.71 Billion
Brokerages predict that Newell Brands Inc. (NYSE:NWL) will post $3.71 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Newell Brands’ earnings. The lowest sales estimate is $3.65 billion and the highest is $3.77 billion. Newell Brands posted sales of $3.95 billion during the same quarter last year, which would indicate a negative year over year growth rate of 6.1%. The company is expected to issue its next quarterly earnings report on Friday, October 27th.
On average, analysts expect that Newell Brands will report full-year sales of $3.71 billion for the current financial year, with estimates ranging from $14.87 billion to $15.05 billion. For the next financial year, analysts expect that the business will report sales of $15.04 billion per share, with estimates ranging from $14.84 billion to $15.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Newell Brands.
Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, August 4th. The company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year.
Several brokerages have issued reports on NWL. Jefferies Group LLC reaffirmed a “buy” rating and set a $66.00 price objective (up previously from $65.00) on shares of Newell Brands in a report on Thursday, July 6th. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Saturday, July 1st. BidaskClub raised Newell Brands from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price objective on shares of Newell Brands in a report on Thursday, June 8th. Finally, BMO Capital Markets set a $51.00 price objective on Newell Brands and gave the stock a “hold” rating in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Newell Brands has a consensus rating of “Buy” and a consensus target price of $58.07.
Shares of Newell Brands (NYSE NWL) opened at 50.00 on Friday. Newell Brands has a 12 month low of $43.43 and a 12 month high of $55.45. The firm has a market cap of $24.21 billion, a PE ratio of 20.05 and a beta of 1.17. The firm’s 50-day moving average price is $52.68 and its 200-day moving average price is $50.04.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.92 dividend on an annualized basis and a yield of 1.84%. Newell Brands’s payout ratio is currently 36.95%.
A number of hedge funds and other institutional investors have recently modified their holdings of NWL. Fifth Third Bancorp boosted its position in shares of Newell Brands by 0.5% in the first quarter. Fifth Third Bancorp now owns 7,137 shares of the company’s stock worth $337,000 after buying an additional 39 shares during the period. Cleararc Capital Inc. boosted its position in shares of Newell Brands by 0.5% in the first quarter. Cleararc Capital Inc. now owns 10,902 shares of the company’s stock worth $514,000 after buying an additional 51 shares during the period. Penserra Capital Management LLC boosted its position in shares of Newell Brands by 1.6% in the second quarter. Penserra Capital Management LLC now owns 4,160 shares of the company’s stock worth $223,000 after buying an additional 66 shares during the period. Savant Capital LLC boosted its position in shares of Newell Brands by 1.9% in the first quarter. Savant Capital LLC now owns 4,868 shares of the company’s stock worth $230,000 after buying an additional 90 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Newell Brands by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 35,891 shares of the company’s stock worth $1,924,000 after buying an additional 107 shares during the period. 94.42% of the stock is owned by institutional investors.
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Newell Brands Company Profile
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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