Wall Street brokerages predict that Newell Brands Inc (NYSE:NWL) will report $3.78 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Newell Brands’ earnings. The highest sales estimate is $3.89 billion and the lowest is $3.74 billion. Newell Brands posted sales of $4.14 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 8.7%. The firm is scheduled to issue its next earnings report on Monday, February 5th.

According to Zacks, analysts expect that Newell Brands will report full-year sales of $3.78 billion for the current year, with estimates ranging from $14.74 billion to $14.89 billion. For the next year, analysts expect that the company will post sales of $14.67 billion per share, with estimates ranging from $14.41 billion to $15.00 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Newell Brands.

Newell Brands (NYSE:NWL) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Newell Brands’s revenue was down 7.0% on a year-over-year basis.

A number of brokerages recently weighed in on NWL. Deutsche Bank began coverage on shares of Newell Brands in a report on Wednesday, December 13th. They issued a “hold” rating and a $32.00 price objective for the company. Royal Bank of Canada lowered shares of Newell Brands from a “top pick” rating to an “outperform” rating and decreased their price objective for the stock from $60.00 to $35.00 in a report on Friday, November 3rd. ValuEngine lowered shares of Newell Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. KeyCorp set a $60.00 price objective on shares of Newell Brands and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, Citigroup decreased their price objective on shares of Newell Brands from $63.00 to $42.00 and set a “buy” rating for the company in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $45.20.

In other Newell Brands news, CEO Michael B. Polk acquired 7,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was purchased at an average price of $28.22 per share, with a total value of $197,540.00. Following the transaction, the chief executive officer now directly owns 616,296 shares in the company, valued at approximately $17,391,873.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.97% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. QS Investors LLC boosted its holdings in Newell Brands by 1.1% in the 2nd quarter. QS Investors LLC now owns 6,040 shares of the company’s stock worth $324,000 after buying an additional 68 shares during the period. D.A. Davidson & CO. boosted its holdings in Newell Brands by 4.2% in the 2nd quarter. D.A. Davidson & CO. now owns 7,198 shares of the company’s stock worth $385,000 after buying an additional 289 shares during the period. Martin & Co. Inc. TN boosted its holdings in Newell Brands by 0.5% in the 2nd quarter. Martin & Co. Inc. TN now owns 101,100 shares of the company’s stock worth $5,421,000 after buying an additional 460 shares during the period. Evercore Wealth Management LLC boosted its holdings in Newell Brands by 5.3% in the 2nd quarter. Evercore Wealth Management LLC now owns 9,985 shares of the company’s stock worth $536,000 after buying an additional 503 shares during the period. Finally, FTB Advisors Inc. boosted its holdings in Newell Brands by 9.9% in the 2nd quarter. FTB Advisors Inc. now owns 7,788 shares of the company’s stock worth $418,000 after buying an additional 700 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Newell Brands (NWL) opened at $31.65 on Wednesday. Newell Brands has a 1-year low of $27.45 and a 1-year high of $55.08. The firm has a market cap of $15,510.00, a P/E ratio of 12.22, a P/E/G ratio of 1.19 and a beta of 1.10. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.46 and a quick ratio of 0.86.

Newell Brands announced that its Board of Directors has authorized a share repurchase plan on Tuesday, September 26th that authorizes the company to buyback $256.00 million in shares. This buyback authorization authorizes the company to purchase up to 1.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

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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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Earnings History and Estimates for Newell Brands (NYSE:NWL)

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