News coverage about Newell Brands (NYSE:NWL) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Newell Brands earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.3176337143112 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
Shares of Newell Brands (NYSE:NWL) traded up $0.35 during midday trading on Friday, reaching $32.26. The company’s stock had a trading volume of 3,519,225 shares, compared to its average volume of 4,302,196. The stock has a market cap of $15,639.09, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 1.20 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 has a 12 month low of $27.45 and a 12 month high of $55.08.
Newell Brands (NYSE:NWL) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by ($0.06). Newell Brands had a return on equity of 11.52% and a net margin of 8.34%. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the firm earned $0.78 earnings per share. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. equities analysts anticipate that Newell Brands will post 2.81 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, November 29th. Newell Brands’s dividend payout ratio (DPR) is presently 35.52%.
Newell Brands declared that its Board of Directors has initiated a stock buyback plan on Tuesday, September 26th that authorizes the company to repurchase $256.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
NWL has been the topic of several research reports. Zacks Investment Research cut Newell Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. JPMorgan Chase & Co. cut their target price on Newell Brands from $58.00 to $56.00 and set an “overweight” rating for the company in a research note on Thursday, September 21st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $45.00 price objective (down from $51.00) on shares of Newell Brands in a research note on Thursday, September 21st. KeyCorp set a $60.00 price objective on Newell Brands and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Newell Brands in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $45.20.
In related news, CEO Michael B. Polk purchased 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average price of $28.22 per share, for a total transaction of $197,540.00. Following the transaction, the chief executive officer now directly owns 616,296 shares of the company’s stock, valued at approximately $17,391,873.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.97% of the company’s stock.
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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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