Newell Brands Inc (NYSE:NWL) – Investment analysts at Jefferies Group issued their Q1 2018 earnings estimates for Newell Brands in a research note issued to investors on Tuesday. Jefferies Group analyst K. Grundy expects that the company will post earnings per share of $0.28 for the quarter. Jefferies Group has a “Hold” rating and a $32.00 price target on the stock. Jefferies Group also issued estimates for Newell Brands’ Q2 2018 earnings at $0.81 EPS, Q3 2018 earnings at $0.80 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $2.70 EPS, FY2019 earnings at $2.85 EPS and FY2020 earnings at $3.03 EPS.
Other equities analysts have also recently issued research reports about the company. Vetr upgraded Newell Brands from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday. Deutsche Bank assumed coverage on Newell Brands in a report on Wednesday, December 13th. They set a “hold” rating and a $32.00 price target for the company. SunTrust Banks restated a “buy” rating and set a $35.00 price target on shares of Newell Brands in a report on Tuesday, January 30th. FIX restated a “hold” rating and set a $23.00 price target on shares of Newell Brands in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $26.00 price target (up previously from $25.00) on shares of Newell Brands in a report on Tuesday. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $34.50.
Newell Brands (NYSE:NWL) opened at $26.83 on Wednesday. The firm has a market capitalization of $13,150.00, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 1.41. Newell Brands has a 1-year low of $23.85 and a 1-year high of $55.08.
Newell Brands (NYSE:NWL) last released its quarterly earnings results on Friday, February 16th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.69 billion. Newell Brands had a return on equity of 10.47% and a net margin of 18.65%. The firm’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS.
Newell Brands declared that its board has initiated a share buyback plan on Thursday, November 2nd that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Tuesday, February 27th. Newell Brands’s dividend payout ratio (DPR) is 42.59%.
Several institutional investors have recently made changes to their positions in NWL. Franklin Resources Inc. boosted its holdings in shares of Newell Brands by 178.9% in the 4th quarter. Franklin Resources Inc. now owns 7,716,072 shares of the company’s stock worth $238,427,000 after purchasing an additional 4,949,143 shares during the period. OppenheimerFunds Inc. boosted its holdings in Newell Brands by 211.5% during the 4th quarter. OppenheimerFunds Inc. now owns 5,210,352 shares of the company’s stock valued at $161,001,000 after acquiring an additional 3,537,489 shares during the period. Westchester Capital Management LLC purchased a new position in Newell Brands during the 3rd quarter valued at $41,012,000. Guggenheim Capital LLC boosted its holdings in Newell Brands by 122.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,523,735 shares of the company’s stock valued at $47,083,000 after acquiring an additional 838,982 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Newell Brands by 33.3% during the 3rd quarter. Jennison Associates LLC now owns 3,103,400 shares of the company’s stock valued at $132,422,000 after acquiring an additional 775,189 shares during the period. Hedge funds and other institutional investors own 86.04% 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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