Newell Brands (NWL) Getting Somewhat Favorable News Coverage, Report Finds
Media headlines about Newell Brands (NYSE:NWL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Newell Brands earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.2023674539799 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Newell Brands (NWL) in Investors’ Good Books: Here’s Why (zacks.com)
- Newell Brands Inc. (NWL) Expected to Post FY2018 Earnings of $3.35 Per Share (americanbankingnews.com)
- Onelink by First Alert® with Amazon Alexa Takes Over Amazon’s Treasure Truck at CES 2018 (finance.yahoo.com)
- New Survey Shows 95% of Chefs Cite Customers Getting Sick as Their Top Concern (finance.yahoo.com)
- Newell Brands Inc. (NWL) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
Newell Brands (NYSE:NWL) traded down $0.76 during mid-day trading on Wednesday, hitting $31.15. The stock had a trading volume of 5,102,844 shares, compared to its average volume of 4,425,400. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.86 and a current ratio of 1.46. The firm has a market cap of $15,410.00, a P/E ratio of 12.03, a P/E/G ratio of 1.22 and a beta of 1.10. Newell Brands has a one year low of $27.45 and a one year high of $55.08.
Newell Brands (NYSE:NWL) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.06). The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.71 billion. Newell Brands had a net margin of 8.34% and a return on equity of 11.52%. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. analysts predict that Newell Brands will post 2.81 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Wednesday, November 29th. Newell Brands’s dividend payout ratio (DPR) is currently 35.52%.
Newell Brands announced that its Board of Directors has approved a stock buyback program on Tuesday, September 26th that allows the company to buyback $256.00 million in outstanding shares. This buyback authorization allows the company to buy up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
NWL has been the topic of several research reports. Forward View reaffirmed a “buy” rating and set a $35.00 price objective on shares of Newell Brands in a report on Sunday, November 5th. Citigroup reduced their price objective on Newell Brands from $63.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. KeyCorp set a $60.00 price objective on Newell Brands and gave the stock a “buy” rating in a report on Monday, October 16th. Barclays reaffirmed a “buy” rating and set a $35.00 price objective on shares of Newell Brands in a report on Wednesday, December 6th. Finally, TheStreet downgraded Newell Brands from a “b-” rating to a “c+” rating in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. Newell Brands currently has a consensus rating of “Hold” and a consensus price target of $45.20.
In other Newell Brands news, CEO Michael B. Polk acquired 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of $28.22 per share, with a total value of $197,540.00. Following the purchase, the chief executive officer now owns 616,296 shares of the company’s stock, valued at approximately $17,391,873.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.97% of the company’s stock.
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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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